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Exceptional Multifamily Investment Opportunity! Introducing a great opportunity to acquire a fully occupied, income-producing multifamily property in one of St. Petersburg's most desirable neighborhoods: Euclid St. Paul's. Ideally positioned near the Historic Uptown and Crescent Lake districts, this charming 1925-built asset is located at 1327 17th Avenue North, with convenient access to the northern units via 17th Terrace North. The property consists of two well-maintained buildings totaling 2,288 square feet, configured as four thoughtfully designed 1-bedroom units"”all currently leased. With a current cap rate of 6.1%, this is a solid performer with the potential for increased returns through a few minor interior improvements. Situated in a high-demand rental submarket, this property offers full occupancy with consistent rental income, strong historical performance, and excellent tenant retention. Classic 1920s architecture is paired with modern updates, creating a timeless appeal for residents. The location provides easy access to downtown St. Pete, nearby parks, and major retail corridors, making it an attractive option for tenants and a stable, appreciating asset for investors. Zoned NT-2 and ideally suited for low-rise, garden-style multifamily ownership, this is a rare chance to secure a turn-key property with both immediate cash flow and long-term value in a thriving St. Petersburg neighborhood. Contact us today to schedule a private tour!
| DAYS ON MARKET | 147 | LAST UPDATED | 9/15/2025 |
|---|---|---|---|
| TRACT | EUCLID GROVE 1ST ADD | YEAR BUILT | 1925 |
| COMMUNITY | 33704 - St Pete/Euclid | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Woodlawn Elementary-PN |
|---|---|
| Jr. High School | John Hopkins Middle-PN |
| High School | St. Petersburg High-PN |
| PRICE HISTORY | |
| Prior to Sep 15, '25 | $895,000 |
|---|---|
| Sep 15, '25 - Today | $890,000 |
| ADDITIONAL DETAILS | |
| AREA | 33704 - St Pete/Euclid |
|---|---|
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame, Vinyl Siding |
| EXTERIOR | Courtyard |
| HEAT | Electric |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 47x104 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | EUCLID GROVE 1ST ADD |
| TAXES | 10678 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Joey Romanik, COMPASS FLORIDA LLC, 727-339-7902
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 12/18/25 11:06 PM PST.
This IDX solution is (c) Diverse Solutions 2025.