Pending

1233 Oak Street

Saint Petersburg, FL 33701
Mark as Favorite
Bed 8

Bed

Bath 8

Bath

SqFt4,938

Sqft

Acres0.10

Acre(Lot)

RARE FIND – TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY IN OLD NORTHEAST. 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, newer separately metered electricity, onsite coin laundry in the detached garage building. New roof installed 2025! Efficient tankless gas hot water heater! Coin laundry provides additional revenue. Fully occupied, annual leases, long term tenants, 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,990

AD Id : 75122073

MLS Id : MFRTB8473243

Beds : 8

Lot Size : 0.10 Acre

Living Area Size : 4,938

Year Built : 1925

Garage : 1

County : Pinellas

Subdivision: Bayview

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedroom: 8

    Bathroom Information

    Total Baths: 8

    Interior Features

    Ceiling Fans(s), Eat-in Kitchen Roof: Built-Up Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Tankless Water Heater, Washer Laundry Features: Common Area, Laundry Room

    Roofing Information

    Built-Up
  • Flooring Information

    Flooring: Linoleum, Wood Construction Materials: Stucco, Frame
  • Heating & Cooling

    Heating: Ductless Cooling: Wall/Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1925
  • Exterior Features

    Lighting, Sidewalk, Storage Construction Materials: Stucco, Frame Foundation Details: Crawlspace

  • Lot Information

    Lot Dimensions: 68x60 Lot Description: City Limits, Sidewalk Lot Square Feet: 4260 Lot Acres: 0.1 Lot Size (SqMt): 396

    Property Information

    Property Type: Residential Income Sub Type: Multi-Family 5+

  • Listing Price Information

    Original List Price:$1499990

  • Tax Information

    Tax Block: 1 Tax Book Number: H6-11 Tax Lot: 6 Tax Legal Description: BAYVIEW ADD BLK 1, S 68.5FT OF LOT 6 Annual Tax: $17418 Tax Year: 2025 Parcel Number: 18-31-17-05274-001-0060

  • Parking Information

    Off Street, On Street

    Garage Information

    Has Garage: Yes Garage Space: 1 Garage Dimensions: 20x20

  • Utility Information

    Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: BAYVIEW ADD City: ST PETERSBURG Direction: North on Beach Drive NE - west on 9th Ave NE - north on Oak St NE - destination will be on the right
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
400 Central Avenue #3107, Saint Petersburg, FL, 33701 $3,245,000 3 4 2,606 2,606 SqFt
819 38th Avenue, Saint Petersburg, FL, 33701 $1,950,000 5 4 3,120 3,120 SqFt
1330 Cherry Street, Saint Petersburg, FL, 33701 $1,490,000 4 3 2,886 2,886 SqFt
436 12th Avenue, Saint Petersburg, FL, 33701 $2,150,000 5 5 3,136 3,136 SqFt
236 15th Avenue, Saint Petersburg, FL, 33701 $1,150,000 4 3 2,153 2,153 SqFt
532 Beach Drive, Saint Petersburg, FL, 33701 $2,900,000 7 6 4,437 4,437 SqFt
732 AND 732 1/2 NE Oak .., Saint Petersburg, FL, 33701 $2,788,000 6 5 4,608 4,608 SqFt
319 12th Avenue, Saint Petersburg, FL, 33701 $2,400,000 5 4 3,652 3,652 SqFt
248 14th Avenue, Saint Petersburg, FL, 33701 $1,295,000 4 3 1,960 1,960 SqFt
205 12th Avenue, Saint Petersburg, FL, 33701 $999,900 3 2 1,502 1,502 SqFt
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ByOwner last updated this listing 08/10/2026 @ 18:20

MLS: MFRMLS #TB8473243 LISTED BY: Carol Giovannoni, RE/MAX PREFERRED 727-367-3636 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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