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$950,000
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Property Description
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.
Full Property Details
Full Property Details for 4480 40th St N
General
- Sold For: $950,000
- Taxes: $11,982 (2024)
- Status: Closed
- Type: Multi-Family
- Source: MidFloridaRegionalMLS
- MLS ID: TB8367052
- Added to Site: 286 day(s) ago
Interior
- Interior Features: Ceiling Fan(s), Eating Space In Kitchen, Primary Bedroom Main Floor
- Flooring: Linoleum, Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 19
Bedrooms
- Total Bedrooms: 11
Exterior
- Exterior Features: Storage
- Deck/Patio: Front Porch, Screened
- Porch/Patio/Deck: Front Porch, Screened
Parking
- Carports: Yes
- Carport: 6
- Carport Spaces: 6
- Covered Spaces: 6
Location
- Area: 33714 - St Pete
- County: Pinellas
- Development Name: 33714 - St Pete
- Subdivision: 520000-520000
- Driving Directions: Take 38th Ave. North to 40th Street. Head North to 4480 40th Street N. Complex is on your left.
School Information
- Elementary School: New Heights Elementary-PN
- Middle School: Tyrone Middle-PN
- High School: St. Petersburg High-PN
Community
- Community Name: 33714 - St Pete
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Units / Window Unit
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available, Cable TV Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
Structural Information
- # Buildings: 6
- Exterior Const.: Block, Stucco, Wood Frame
- Roof: Shingle
- Square Feet: 4,954
- Sq. Ft. Source: Public Records
- Living Area: 4,954 Sq. Ft.
- Year Built: 1969
Lot Features
- Property View: Trees/Woods
- Lot Size (Acres): 0.93
- Lot Size (Sq. Ft.): 40,493
- Lot Size: 40493
- Lot Dimensions: 150 x 265
- Frontage: Street Paved
- Street/Road Desc.: Paved, Asphalt
Financial Considerations
- Tax Amount: $11,982.5
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- 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
- Flood Zone Info: X
- APN: 33116000003102000
- Property ID: 33116000003102000
- Block/Lot/Section: 310
Listed by Keller Williams Realty- Palm H
Sold by Compass Florida Llc
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Schools
Schools serving 4480 40th St N
School District:Pinellas County School District
| Name | Grades | Distance |
|---|---|---|
New Heights Elementary School 3901 37th St N, St. Petersburg, FL 33714 | PK-5 | 0.5 mi |
Tyrone Middle School 6421 22nd Ave N, St. Petersburg, FL 33710 | 6-8 | 2.6 mi |
St. Petersburg High School 2501 5th Ave N, St. Petersburg, FL 33713 | 9-12 | 2.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4480 40th St N
Date
Details
Price
Change
Source
7/24/2025
Sold
$950,000
-11.63%
MLS
4/30/2025
Price Reduced
$1,075,000
-2.27%
MLS
4/08/2025
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4480 40th Street N, Saint Petersburg, FL 33714 (MLS# TB8367052) is a Multi-Family property that was sold at $950,000 on July 24, 2025. Want to learn more about 4480 40th Street N? 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.

