$1,075,000
PENDING $25K PRICE DROP

4480 40th St N St. Petersburg, FL 33714

Lealman Neighborhood

Estimated payment $6,936/month

Total Views 2,147
11 Beds
19 Baths
4,954 Sq Ft
$217 Price per Sq Ft

Highlights

  • View of Trees or Woods
  • 0.93 Acre Lot
  • Main Floor Primary Bedroom
  • St. Petersburg High School Rated A
  • Wood Flooring
  • No HOA

About This Home

Under contract-accepting backup offers. 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 Agent

Jodi Avery

KELLER WILLIAMS REALTY- PALM H Brokerage Phone: 727-772-0772 License #604183 Listed on: 04/08/2025

KELLER WILLIAMS REALTY- PALM H

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,982

Year Built

  • Built in 1969

Lot Details

  • 0.93 Acre Lot
  • Lot Dimensions are 150x265
  • Level Lot

Parking

  • 6 Carport Spaces

Home Design

  • Frame Construction
  • Shingle Roof
  • Block Exterior
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 4,954 Sq Ft Home
  • Ceiling Fan
  • Views of Woods
  • Eat-In Kitchen

Flooring

  • Wood
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Primary Bedroom on Main
  • 19 Bathrooms

Outdoor Features

  • Screened Patio
  • Outdoor Storage
  • Front Porch

Schools

  • New Heights Elementary School
  • Tyrone Middle School
  • St. Petersburg High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 6 Buildings
  • 11 Units
  • 520000 520000 Subdivision

Listing and Financial Details

  • Tax Block 310
  • Assessor Parcel Number 03-31-16-00000-310-2000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,982

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Construction Materials: Block, Stucco, Frame
  • Fireplace: No
  • Living Area: 4954
  • Lot Size Acres: 0.93
  • New Construction: No
  • Year Built: 1969
  • Lot Size Sq Ft: 40493
  • Tenant Pays: Electricity, Water
  • Directions to Property: Take 38th Ave. North to 40th Street. Head North to 4480 40th Street N. Complex is on your left.
  • Status: Pending
  • Street Post Direction: N
  • Ownership: Fee Simple
  • Escrow City: Clearwater
  • Escrow Postal Code: 33765
  • Escrow State: FL
  • Escrow Street Name: Drew St., Ste A
  • Escrow Street Number: 2370
  • List Office Head Office Key Nume: 1038632
  • RATIO Current Price By Calculate: 217.00
  • Total Acreage: 1/2 to less than 1
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 727-772-0772
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Linoleum, Tile, Wood
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Primary Bedroom Main Floor
  • Foundation Details: Concrete Perimeter
  • Total Bedrooms: 11
  • Street Number Modifier: 4480
  • Living Area Meters: 460.24

Exterior Features

  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Screened
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 6
  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Ductless
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: New Heights Elementary-PN
  • High School: St. Petersburg High-PN
  • Middle Or Junior School: Tyrone Middle-PN

Lot Info

  • Zoning: R-4
  • Parcel Number: 03-31-16-00000-310-2000
  • Additional Parcels: No
  • Lot Features: Level, Paved
  • Lot Dimensions: 150x265
  • Flood Zone Code: X
  • Lot Size Square Meters: 3762

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 11
  • Total Num Buildings: 6
  • Unit Count: 6

Tax Info

  • Tax Annual Amount: 11982.5
  • Tax Block: 310
  • Tax Book Number: 27-31
  • Tax Lot: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Pending -- -- --
04/30/2025 04/30/25 Price Changed $1,075,000 -2.3% $217 / Sq Ft
04/08/2025 04/08/25 For Sale $1,100,000 -- $222 / Sq Ft
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: TB8367052

Stellar MLS

Florida Pinellas County Saint Petersburg 33714 Lealman

4480 40th St N, Saint Petersburg, FL

This home is located at 4480 40th St N, St. Petersburg, FL 33714 and is currently priced at $1,075,000, approximately $216 per square foot. This property was built in 1969. 4480 40th St N is a home located in Pinellas County with nearby schools including New Heights Elementary School, Tyrone Middle School, and St. Petersburg High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes
Jodi Avery
Listing Agent
Jodi Avery
Section Image
KELLER WILLIAMS REALTY- PALM H
(727) 772-0772