Date
Details
Price
Change
Source
10/15/2026
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$399,900 Just Listed
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Property Description
Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple. All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down. A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents. Whether you're expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
Full Property Details
Full Property Details for 1139 40th St S
General
- Price: $399,900
- Taxes: $5,116 (2025)
- Status: Active
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8556986
- Updated: 10/16/2026
- Added to Site: 1 day(s) ago
Rental Information
- Lease/Rent Term: 12 Months
Interior
- Interior Features: Ceiling Fan(s), Living Room/Dining Room Combo, Other
- Appliances: Range, Refrigerator
- Furnishings: Unfurnished
- Flooring: Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 4
Exterior
- Exterior Features: Outbuilding, Other, Private Entrance, Private Mailbox
- Deck/Patio: Covered, Enclosed, Screened
- Porch/Patio/Deck: Covered, Enclosed, Screened
Parking
- Parking Features: Common, Off Street, On Street, Open, Parking Pad
Location
- Area: 33711 - St Pete/Gulfport
- County: Pinellas
- Development Name: 33711 - St Pete/Gulfport
- Subdivision: PAINES SUB
- Driving Directions: 34th St (US 19) to 5th Ave S. West on 5th Ave S to 40th St S. Left on 40th st S to address. Property is on the corner of 40th St S and 12th Ave S
Community
- Community Name: 33711 - St Pete/Gulfport
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Public, Sewer Connected, Water Connected
Structural Information
- # Buildings: 2
- Exterior Const.: Wood Frame
- Roof: Shingle
- Common Walls: End Unit
- Stories/Levels: One
- Square Feet: 1,760
- Sq. Ft. Source: Public Records
- Year Built: 1959
Additional Structures
- Other Structures: Storage
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,200
- Lot Size: 9200
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $5,116
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: PAINE'S SUB BLK A, LOTS 1 AND 2
- Flood Zone Info: X
- APN: 273116653400010010
- Property ID: 273116653400010010
- Block/Lot/Section: A
Listed by Spencers Plus Realty Llc
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Listing agent
— 1139 40th St S —
Spencers Plus Realty Llc
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1139 40th St S
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
Fairmount Park Elementary School 575 41st St S, St. Petersburg, FL 33711 | PK-5 | 0.5 mi |
Azalea Middle School 7855 22nd Ave N, St. Petersburg, FL 33710 | 6-8 | 4.3 mi |
Gibbs High School 850 34th St S, St. Petersburg, FL 33711 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1139 40th St S
Tax History
Tax History for 1139 40th St S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,578
—
$285,000
8%
2024
$4,578
10%
$265,000
15%
2023
$4,171
19%
$230,000
36%
2021
$3,517
-7%
$169,100
-15%
2022
$3,770
7%
$200,000
32%
2021
$3,517
13%
$151,398
5%
2019
$3,114
86%
$144,476
87%
2018
$1,674
-7%
$77,090
-6%
2017
$1,800
32%
$81,773
17%
2016
$1,366
8%
$69,815
11%
2015
$1,267
14%
$62,869
23%
2014
$1,108
11%
$50,999
16%
2013
$1,001
—
$44,140
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1139 40th St S
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Sold by Douglas Elliman
1139 40th Street S, Saint Petersburg, FL 33711 (MLS# TB8556986) is a Multi-Family property with units containing 4 bedrooms and 0 full bathrooms. 1139 40th Street S is currently listed for $399,900 and was received on October 15, 2026. Want to learn more about 1139 40th Street S? Do you have questions about finding other Multi-Family real estate for sale in Saint Petersburg? You can browse all Saint Petersburg real estate or contact a Coldwell Banker agent to request more information.