Active

121 18th Avenue

Saint Petersburg, FL 33704
Mark as Favorite
Bed 7

Bed

Bath 7

Bath

SqFt3,180

Sqft

Acres0.14

Acre(Lot)

Melrose Place Apartments is a unique 7 unit multifamily property situated among luxury homes in Historic Old Northeast St Petersburg, Florida. Living here means tenants are minutes to the iconic “Beach Drive Scene”, St Pete’s de facto hub for an expansive variety of fine dining and entertainment, sophisticated nightlife, chic galleries, and superb people watching. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes, exquisite Historic Old Northeast is considered by many St Pete’s most affluent and prestigious neighborhood. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New Pete P ier, Watch Discovery Center and Museum of History, to name a few. Each of the Melrose Place one-bedroom one-bath apartments, averaging approximately 600 sq ft, recently underwent a full gut-rehab down to the studs. Tenants sign traditional 12-month leases. One apartment is partially furnished. Based on the Seller’s current income and taking into consideration the Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase, the $2,500,000 Offer Price represents approximately a 4% Cap Rate. All utilities, as well as Internet / WiFi connectivity, are paid by the Owner via master meters with full reimbursement per monthly charge to tenants. Subject to all other terms and conditions of a formal written offer the Owner will consider Seller Financing and providing ongoing Management Services. Acquisition of Melrose Place is ideally suited for discerning investors seeking to establish a foothold in prestigious Historic Old Northeast. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Melrose Place Apartments.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $2,500,000

AD Id : 77086808

MLS Id : MFRTB8495708

Beds : 7

Lot Size : 0.14 Acre

Living Area Size : 3,180

Year Built : 1921

County : Pinellas

Subdivision: Barnard Erastus A S Rev Sub

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedroom: 7

    Bathroom Information

    Total Baths: 7

    Interior Features

    Built-in Features, Other Roof: Shingle Laundry Features: Inside

    Roofing Information

    Shingle
  • Flooring Information

    Construction Materials: Block, Stucco, Frame
  • Heating & Cooling

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

  • Building Information

    Year Built: 1921
  • Exterior Features

    Fence, Sliding Doors Construction Materials: Block, Stucco, Frame Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 50x125 Lot Square Feet: 6307 Lot Acres: 0.14 Lot Size (SqMt): 586

    Property Information

    Property Type: Residential Income Sub Type: Quadruplex

  • Listing Price Information

    Original List Price:$2500000

  • Tax Information

    Tax Block: 16 Tax Book Number: H6-10 Tax Lot: 19 Tax Legal Description: BARNARD, ERASTUS A.'S REV SUB BLK 16, LOT 19(SEE N18 MAP Annual Tax: $7438.47 Tax Year: 2025 Parcel Number: 07-31-17-02754-016-0190

  • Utility Information

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

    Subdivision: BARNARD ERASTUS A S REV SUB City: ST PETERSBURG Direction: From its intersection with 4th St N, proceed east on 22nd Ave N to 2nd St N then turn right (south). Proceed to 18th Ave N and turn left (east). Proceed to the Property on the left (north) side of 18th Ave N.
Sell a home like this and save $149,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3030 5th Street, Saint Petersburg, FL, 33704 $1,545,000 5 6 3,857 3,857 SqFt
781 31st Avenue, Saint Petersburg, FL, 33704 $824,000 8 8 2,631 2,631 SqFt
1204 38th Avenue, Saint Petersburg, FL, 33704 $475,000 3 3 1,501 1,501 SqFt
1500 30th Avenue, Saint Petersburg, FL, 33704 $650,000 2 3 1,944 1,944 SqFt
Broker Logo

Disclaimer: The information being provided courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID and is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the MFRMLS (My Florida Regional MLS DBA Stellar MLS). ByOwner.com is not a Multiple Listing Service (MLS), nor does it offer MLS access. ByOwner.com is a broker participant of MFRMLS (My Florida Regional MLS DBA Stellar MLS). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.

Based on information submitted to the MLS GRID as of 06/22/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Properties displayed may be listed or sold by various participants in the MLS.

Consumer use of IDX Listings Disclaimer: Based on information submitted to the MLS GRID as of 06/22/2026 @ 06:20. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.


DMCA Notice: The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

ByOwner last updated this listing 06/22/2026 @ 06:20

MLS: MFRMLS #TB8495708 LISTED BY: Kyle Collins, RE/MAX ACTION FIRST OF FLORIDA 727-531-2006 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)

Homes around $2,500,000

Selling? Save $149,501 when you sell a home like this

Tour with a ByOwner Agent