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Rich Henderson

rich@myrealtorrich.com +1(630) 338-3792

$ 1,482,000

Est. payment | -/mo

5 Beds

5 Baths

2,300 SqFt

Save

$ 1,482,000

Est. payment | -/mo

Save

5 Beds

5 Baths

2,300 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,300 sqft

Price per Sqft $644

Subdivision Melrose Sub 1St Add

MLS Listing ID TB8519512

Bedrooms 5

HOA Y/N No

Year Built 1935

Annual Tax Amount $16,533

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

THE HISTORIC NORTH KENWOOD COMPOUND. Start your compound in the heart of St. Petersburg. Some properties are simply investments. Others become a lifestyle, a legacy, and a place for generations to gather. Set on an oversized 11,430-square-foot double lot in Historic North Kenwood, this rare four-unit property offers flexibility that is becoming increasingly difficult to find. Live in one unit and generate income from the others. Create a multigenerational compound. Build an urban homestead. Or simply enjoy owning a piece of St. Petersburg history with room to grow. The centerpiece of the property is a beautifully restored residence featuring soaring 12-foot ceilings, original hardwood floors, restored crown molding, updated kitchen and bath, new windows, and new HVAC. Historic character and modern comfort come together in a way that cannot be replicated today. The property currently offers four separate living spaces, creating opportunities for owner-occupants, investors, extended families, creatives, remote workers, and entrepreneurs seeking flexibility under one roof. Recent improvements include: New roof serving all units, Updated electrical systems, Renovated kitchens and baths, New HVAC systems, New windows, Fresh interior and exterior paint, Restored historic architectural details. But what truly sets this property apart is the land. The oversized double lot creates possibilities rarely found this close to downtown St. Petersburg. Imagine harvesting fruit from your own trees, cultivating raised garden beds, creating an urban farm, gathering fresh eggs, building a greenhouse, designing a private courtyard, adding outdoor entertainment areas, installing a putting green, creating play spaces, or simply enjoying room to breathe in the middle of the city. Few properties allow you to combine income-producing real estate, historic architecture, and a modern homestead lifestyle in one location. Located just minutes from downtown St. Petersburg, the Grand Central District, Booker Creek Park, restaurants, breweries, coffee shops, and waterfront attractions, this property delivers both convenience and opportunity. Whether your vision is a family compound, urban farm, income-producing residence, house-hack, multigenerational estate, or long-term wealth-building asset, this property provides a foundation that is increasingly difficult to acquire. They aren't making more historic double lots. Bring your vision. Create the lifestyle. Build your compound.
OWNER-OCCUPANT OPPORTUNITY
Qualified buyers may be eligible for owner-occupied multifamily financing programs designed for two- to four-unit properties. Certain renovation loan programs may allow buyers to finance both acquisition and eligible improvements through a single mortgage, creating the opportunity to customize, modernize, and add value while living on-site. Current conforming loan limits for owner-occupied four-unit properties exceed $1.6 million, subject to lender requirements, appraisal, underwriting approval, and program guidelines. Buyers should independently verify financing options, renovation eligibility, loan limits, zoning, permitting, and any intended future use of the property.

Location

State FL

County Pinellas

Community Melrose Sub 1St Add

Area 33713 - St Pete

Direction N

Interior

Interior Features High Ceilings

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Fireplace false

Laundry Common Area

Exterior

Exterior Feature Fence, Storage

Utilities Available Cable Available, Electricity Connected, Sewer Connected

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description Historic District, Near Public Transit, Oversized Lot, Sidewalk, Paved

Foundation Other

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition None

Listed by Allison Webb FULTON GRACE REALTY

Schools and Properties Nearby

Learn More About LPT Realty

Rich Henderson

Sales Executive | License ID: SL3522272

rich@myrealtorrich.com

+1(630) 338-3792

940 25TH ST N St Petersburg, FL 33713

Rich Henderson

Key Details

Location

Interior

Exterior

Building

Others

Learn More About LPT Realty

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940 25TH ST N