USAFLSt PetersburgBayview Add1233 Oak St Ne

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$1,499,990

16 hours ago

1233 Oak St Ne, St Petersburg, FL

8 Bed

8 Bath

4938 sqft

MLS® TB8473243

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 4938 sqft

Garage Yes

Taxes $17,418

Days Active 0

Lot Size 0.1 acres

Approx. Age 1925

Avg. Price Per Sqft $303

MLS® Number TB8473243

Property Address: 1233 Oak St Ne, ST PETERSBURG, FL, 33701-1238

Average square foot calculated using Size range provided by listing agent.

Description

RARE FIND – TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY IN OLD NORTHEST. The iconic “Melrose” is a boutique 8-unit residence located in the highly sought after historic “Old Northeast". This neighborhood is recognized as one of St Petersburg’s top spots to live, work, and play. Nestled in this famous enclave, which boasts red-brick roads, mature oak shade trees, and splendid homes, the Melrose is a landmark property of the area. Mediterranean architecture with global appeal, this grand building enjoys terrific visibility and brilliant curb appeal. The Melrose boasts classic Mediterranean features; thick stucco exterior walls, barrel tile ornate accents, terra cotta entry steps; and contributing to the character of the neighborhood you will find hexagonal paver sidewalk at front of building. This 2-story multifamily building includes 8 one-bedroom one-bath apartments with living room and eat in kitchens. Gracious interior common lobby, vintage hardwood flooring, separately metered electricity, onsite coin laundry in the detached garage building. New roof installed 2025! Efficient tankless gas hot water heater! The owner provides for water, gas hot water, sewer, and rubbish; tenants contribute monthly to utilities in addition to monthly rent. Coin laundry provides additional revenue. Fully occupied and high-demand, rarely are there any vacancies in this building. HIGH AND DRY LOCATION, NO FLOOD INSURANCE REQUIRED. This stately property is 3 BLOCKS to popular Beach Drive NE and the vibrant urban core of downtown St Petersburg where you will find state of the art galleries, North shore Aquatic Complex, waterfront parks, the new iconic Pier, boutiques, a wide variety of restaurants, bars and live entertainment plus music and art festivals. This property is an ideal procurement for the savvy investor striving to complete a 1031 Exchange, expand a portfolio, or acquire a solid investment property in an established market.

MLS® NumberTB8473243

Laundry LevelCommon Area, Laundry Room

Central VacNo

FireplaceNo

Acreage0.1

Exterior

GarageYes

Approx. Age1925

Basement

DrivewayOff Street, On Street

Garage Spaces1

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 6, 2026List Date

$1,499,990List Price

Commute

Commute

Starting Address

Destination Address

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