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    6538 42Nd Ave N Kenneth City, FL 33709

    Sponsored
    For Sale
    $1,990,000

    Multi Family - KENNETH CITY, FL

    Property size:
    5,028 SF
    Lot size:
    0.38 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 7 at 1:06 am

    Property Features for 6538 42Nd Ave N

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Zoning
    RM-15
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    16
    APN
    05-31-16-29430-001-0380
    Interior features
    Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Stone Counters
    Exterior features
    Storage
    Appliances
    Range, Refrigerator
    Size
    5,028 SF
    Lot size
    0.38 Acres

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1958
    Number of units
    8
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    Dalton Wade, Inc. (727) 888-4175 [email protected]

    Listing agent Bailey Bjugan (888) 668-8283 License #3552411

    Listing date Dec 22, 2025

    MLS# TB8458243 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.

    Overview

    Renovated Multifamily Investment Opportunity

    This multifamily property in St. Petersburg, Florida, presents an investment opportunity with immediate cash flow and a proven rental history. The property features eight two-bedroom, one-bathroom units situated across four separate buildings, along with a private on-site parking lot. The property is fully leased and has been comprehensively updated. Capital improvements have been completed, including new roofs on all buildings, updated windows, individual HVAC systems, added insulation, and in-unit washers and dryers. Exterior improvements include upgraded landscaping, new fencing, fresh exterior paint, and a dedicated bike rack for residents. Kitchens feature shaker-style cabinetry, granite countertops, and stainless steel refrigerators and stoves. Bathrooms have been fully updated with modern tilework, vanities, fixtures, and hardware. Interior upgrades include new baseboards and crown molding across all units. Located outside of a flood zone, this asset offers additional peace of mind for long-term ownership. Its central St. Petersburg location provides easy access to schools, shopping, dining, entertainment, public transportation, and major thoroughfares, supporting strong tenant demand. The property, situated on a 0.38-acre lot, is located in Kenneth City, FL, with a zoning designation of RM-15. The property size is 5028 square feet.
    Property Profile Insight Report 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 Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kenneth City
    County
    Pinellas
    State
    Florida
    Longitude
    -82.727651
    Latitude
    27.809737

    Nearby Similar for Sale

    • $1,990,000
      5,028 SF

      Renovated Multifamily Investment Opportunity

      Fully renovated eight-unit commercial property in St. Petersburg, Florida.
      6538 42Nd Ave N, Kenneth City, FL 33709
      View Details
    • $9,100,000
      97,399 SF

      Kenneth City Shopping Center

      Florida Retail Center - $9.1M
      4501 66Th St, Kenneth City, FL 33709
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully renovated eight-unit property in St. Petersburg with immediate cash flow.
    Where is this apartment building located?
    The property is located at 6538 42Nd Ave N Kenneth City, FL.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - Fully renovated 8-unit multifamily property providing immediate cash flow with a proven rental history.; - All major capital improvements completed, including new roofs, updated windows, HVAC systems, insulation, and in-unit washers and dryers, minimizing future maintenance.; - Units feature **high-quality renovations** with shaker-style cabinetry, granite countertops, stainless steel appliances, and updated bathrooms.
    (727) 355-1771
    Request Owner's contact information
    6538 42Nd Ave N Kenneth City, FL 33709
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    Kenneth City, FL 33709
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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
    6538 42Nd Ave N Kenneth City, FL 33709
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