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Turn-Key Income Property with Legal Apartment This extensively renovated corner-lot property offers a legal two-unit configuration consisting of a 3-bedroom / 2-bath main residence and a fully permitted 1-bedroom apartment, each designed for independent use. Separate electric meters support clear expense allocation and operational efficiency. The property has undergone comprehensive capital improvements, including two new HVAC systems, all-new electrical wiring with two new electrical panels, two new water heaters, updated kitchens and baths, new flooring, fresh interior and exterior finishes, professional landscaping, hurricane-rated impact windows in the main house, and a roof replaced approximately six years ago. Major systems have been addressed, minimizing near-term maintenance and capital expenditure exposure. The permitted apartment supports long-term rental use and income stability, while the main residence offers strong rental demand based on size, layout, and condition. Alley access enhances parking, privacy, and unit separation"”features that improve tenant usability and asset performance. The property has experienced no flood damage, no storm damage, and no deferred maintenance. Priced at $649,000, the asset is positioned to support market-based rental income, flexible occupancy strategies, and long-term hold performance in the Allendale Terrace area of St. Petersburg, where permitted multi-unit properties with this level of renovation are limited.
| DAYS ON MARKET | 207 | LAST UPDATED | 12/12/2025 |
|---|---|---|---|
| TRACT | ALLENDALE TERRACE | YEAR BUILT | 1925 |
| COMMUNITY | 33704 - St Pete/Euclid | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Jun 1, '25 | $689,000 |
|---|---|
| Jun 1, '25 - Sep 13, '25 | $670,000 |
| Sep 13, '25 - Oct 10, '25 | $650,000 |
| Oct 10, '25 - Nov 6, '25 | $640,000 |
| Nov 6, '25 - Dec 12, '25 | $609,000 |
| Dec 12, '25 - Today | $649,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Other |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 33704 - St Pete/Euclid |
| CONSTRUCTION | Block, Frame, Stucco |
| FIREPLACE | Yes |
| HEAT | Central, Other |
| INTERIOR | Eat-in Kitchen, Open Floorplan, Stone Counters |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 69x100 |
| PARKING | Assigned, Driveway, Off Street, On Street, Parking Pad |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | ALLENDALE TERRACE |
| TAXES | 5450.96 |
| UTILITIES | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Jeanne Roney, REALTY ONE GROUP SUNSHINE, 727-325-5843
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/13/25 9:01 PM PST.
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