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4480 40th Street N

ST PETERSBURG, FL 33714

10 beds
9 baths
4,954 sqft
~1 acre lot
$222 per sqft
1969 build
– on site

Multi-Unit Investor Opportunity on Shaded Lot with Rental Income Minutes from Downtown St. Pete. Tucked beneath a canopy of mature trees on a generously shaded lot, this unique multi-unit property is a rare opportunity for the savvy investor. It is just minutes from downtown St. Petersburg, I-275, and US-19. Featuring five duplexes, including studio and 1-bedroom units, each with its own screened-in front porch, and a separate 2-bedroom single-family home, this income-producing compound is full of potential. While the structures are currently occupied and livable, some units may benefit from cosmetic updates and TLC, making this an ideal value-add investment. The layout and variety of units lend themselves well to long-term tenants, short-term rentals, or a mixed-use strategy. A quiet setting with old-Florida charm, this property invites you to reimagine its future. Whether you're looking to renovate and increase rental income or hold as-is, this is a chance to own a rare collection of units on a beautiful shaded lot. See attached PDF for details.

Listing courtesy of STELLAR_MLS / KELLER WILLIAMS REALTY- PALM H

Last checked: Checking… • Last updated Apr 8, 2025 •

MLS# TB8367052 —

The Building

Year Built:

1969
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Concrete Perimeter
Patio And Porch Features:

Front Porch
# of Buildings:

6
Building Area Units:

Square Feet

Interior

Interior Features:

Ceiling Fan(s)
Flooring:

Linoleum
Fireplace:

false

Room Dimensions

Living Area:

4954
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Take 38th Ave. North to 40th Street. Head North to 4480 40th Street N. Complex is on your left.
Latitude:

27.812545
Longitude:

-82.688236
Coordinates:

-82.688236, 27.812545

The Property

Parcel Number:

033116000003102000
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Features:

Level
Lot Size Acres:

0.93
Lot Size Area:

40493
Lot Size SqFt:

40493
Lot Size Dimensions:

150 x 265
Lot Size Units:

Square Feet
Total Acres:

1/2 to less than 1
Zoning:

R-4
View:

Trees/Woods
View:

true
Exterior Features:

Storage
Water Source:

Public
Road Responsibility:

Public Maintained Road
Road Surface Type:

Paved
Road Frontage Type:

Street Paved
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Block:

310
Tax Legal Description:

FROM NE COR OF SW 1/4 RUN S 360 FT (S) & W 30 FT FOR POB TH S 150 FT TH W 270 FT TH N 150 FT TH E 270 FT TO POB
Tax Book Number:

27-31
Tax Annual Amount:

11982.5

Beds

Bedrooms Total:

10

Baths

Total Baths:

9

The Listing

Virtual Tour URL Unbranded:

https://youtu.be/kfpNj7CRh7E
Special Listing Conditions:

None

Heating & Cooling

Heating:

Wall Units / Window Unit
Heating:

true
Cooling:

Wall/Window Unit(s)
Cooling:

true

Utilities

Utilities:

BB/HS Internet Available
Sewer:

Public Sewer

Appliances

Laundry Features:

None

Schools

Elementary School:

New Heights Elementary-PN
Middle Or Junior School:

Tyrone Middle-PN
High School:

St. Petersburg High-PN

The Community

Subdivision Name:

520000-520000
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

true
Carport Spaces:

6
Covered Spaces:

6

Extra Units

# of Units Total:

11

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
4/8/25 Apr 8, 2025	Listed / Active	STELLAR_MLS	$1,100,000

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This multifamily located in Lealman, FL 33714 is currently for sale for $1,100,000. 4480 40th Street N is a 4,954 square foot multifamily with 10 beds and 9 baths that has been on Estately for 6 days.

Listing Courtesy of: STELLAR_MLS and KELLER WILLIAMS REALTY- PALM H.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.