Exceptional Multifamily Investment Opportunity in Euclid St. Paul’s – St. Petersburg, FL
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, St. Petersburg, FL 33704, with convenient access to the northern units via 17th Terrace North.
The property features two well-maintained buildings totaling 2,288 SF, configured as four thoughtfully designed 1-bedroom units, all currently leased. The current cap rate is 6.10% as rents are at or near market, but there is potential upside with a few minor improvements to each unit.
Zoned NT-2, the site is well-suited for low-rise, garden-style multifamily investors seeking stable cash flow and long-term appreciation.