$1,200,000

255 6TH AVE N, ST PETERSBURG FL, 33701

Price per sqft$371.06

Built in1925

Property size3,234 sqft

Property typeCommercial

Courtesy of SUNSHINEAGLE LLC, Dave Masi Listing Contact: 941-416-4580

Overview

Active

Listed Jun 23, 2026

Updated 1h ago

One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.

Additional information

MLS^® ID: TB8522549

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.08 Acres

Other Property Details

Taxes: $12,135
Tax Frequency: Annually
Association Fee Frequency: Monthly

Listings courtesy of Stellar MLS as distributed by MLS GRID

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Based on information submitted to the MLS GRID as of 6:03 AM UTC on 10/14/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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