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    4631 40Th St N St Petersburg, FL 33714

    Pending
    For Sale
    $685,000

    Multi Family - ST PETERSBURG, FL

    Property size:
    2,409 SF
    Lot size:
    0.17 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 4631 40Th St N

    General Information

    Property type
    Residential Multi Family
    Standard status
    Pending
    Zoning
    R-3
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    APN
    03-31-16-98226-000-0010
    Parking features
    Garage, Garage - Attached
    Interior features
    Ceiling Fans(s)
    Appliances
    Microwave, Refrigerator
    Size
    2,409 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Number of units
    8
    Flooring type
    Tile
    Building materials
    Block, Frame
    Roof type
    Shingle
    Architectural style
    Other

    RE/MAX Action First (727) 443-6700 [email protected]

    Listing agent Paul Traxler (727) 531-2006 License #3015648

    Listing date Oct 1, 2025

    MLS# TB8412584 Listing URL

    Copyright © 2025 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.

    Overview

    St. Petersburg Multifamily Investment Opportunity

    This multifamily property features an eight-unit building in a central Lealman location, situated in a non-evacuation and non-flood zone. Constructed in 1982 with block construction, the building's roof was replaced in 2013. Electrical and some plumbing updates have been completed. The property is currently occupied by long-term, month-to-month tenants with rents below the local market rate, presenting an opportunity to increase income. The street has been recently updated, including a new sidewalk. The landlord utilizes an oversized one-car garage for storage. The landlord is responsible for all utilities, with estimated monthly costs of $660 for electricity, $300 for water, sewer, and trash, $183 for cable, and $60 for gas. Two central A/C units provide heating and cooling. Natural gas is used for the two hot water tanks, gas heat, and the gas range in unit #8. The property, zoned R-3, sits on a 0.17-acre lot. The building has a total area of 2409 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.687523
    Latitude
    27.815188

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit building in central Lealman with income growth potential.
    Where is this apartment building located?
    The property is located at 4631 40Th St N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: - Rare 8-unit building in a central Lealman location.; - Located in a non-evacuation and non-flood zone.; - Potential to significantly increase income by raising rents to market rates.
    (727) 531-2006
    Request Owner's contact information
    4631 40Th St N St Petersburg, FL 33714
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    St Petersburg, FL 33714
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4631 40Th St N St Petersburg, FL 33714
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