Mediterranean Multifamily Income
1233 OAK STREET NE, St Petersburg, FL 33701
- Added:
- Feb 5, 2026
- Days on Market:
- 93
- Last Refresh:
- May 9 at 7:06 am
Property Features for 1233 OAK STREET NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage, Off Street, On Street
- Interior features
- Ceiling Fans(s), Eat-in Kitchen
- Exterior features
- Lighting, Sidewalk, Storage
- Appliances
- Dryer, Range, Refrigerator
- Standard status
- Pending
- APN
- 18-31-17-05274-001-0060
- Size
- 4,938 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 17418
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1925
- Number of units
- 8
- Flooring type
- Linoleum, Wood
- Building materials
- Frame, Stucco
- Roof type
- Built-Up
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent Carol Giovannoni License #614305 (727) 481-9909
Listing office RE/MAX PREFERRED 5801 Gulf Blvd, St Pete Beach, FL (727) 367-3636
Listing date Feb 5, 2026
MLS# TB8473243
Listing URL
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime Location in the desirable historic 'Old Northeast' neighborhood, close to downtown St. Petersburg.
- Income‑Generating Property: Fully occupied 8‑unit multifamily building with annual leases and long‑term tenants.
- Classic Mediterranean Architecture with stucco walls and barrel tile accents offering significant curb appeal.
- Low Maintenance: Newer separately metered electricity, efficient tankless gas hot water heater, and coin laundry for additional income.
- No Flood Insurance Required, reducing overall ownership costs.
- Ideal Investment Opportunity for 1031 Exchange or portfolio expansion.
Overview
Located in the Old Northeast neighborhood of St. Petersburg, Florida, this 2-story multifamily property, known as the Melrose, features Mediterranean architecture. The building contains 8 one-bedroom, one-bath apartments, each with a living room and eat-in kitchen. Exterior features include thick stucco walls, barrel tile accents, and terra cotta entry steps, complemented by a hexagonal paver sidewalk. The property includes a gracious interior common lobby, vintage hardwood flooring, and separately metered electricity. A detached garage building houses an on-site coin laundry, which provides additional revenue. The property is fully occupied with annual leases and long-term tenants. The location is three blocks from Beach Drive NE and downtown St. Petersburg, with its galleries, North Shore Aquatic Complex, waterfront parks, the Pier, boutiques, restaurants, bars, and entertainment venues. A new roof is planned for installation in 2025. The property also features an efficient tankless gas hot water heater. The property is suitable for a 1031 Exchange.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- St Petersburg
- County
- Pinellas
- State
- Florida
- Longitude
- -82.631404
- Latitude
- 27.78458
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Boutique 8-unit residence in the historic Old Northeast.
Where is this apartment building located?
The property is located at 1233 OAK STREET NE St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,499,990.
What are key features of this property?
This property features: Prime Location in the desirable historic 'Old Northeast' neighborhood, close to downtown St. Petersburg.; Income‑Generating Property: Fully occupied 8‑unit multifamily building with annual leases and long‑term tenants.; Classic Mediterranean Architecture with stucco walls and barrel tile accents offering significant curb appeal.
