Active

3462 3rd Avenue

Saint Petersburg, FL 33713
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Bed 6

Bed

Bath 4

Bath

SqFt2,260

Sqft

Acres0.15

Acre(Lot)

Grand Central District Income Property — St. Petersburg, FL Duplex | Strong Cash Flow | Separate Meters | No Shared Walls This is the kind of property seasoned investors look for and rarely find — a true cash flowing duplex in one of St. Petersburg's most actively developing corridors, priced for the savvy buyer who understands value over aesthetics. The Property Two fully independent units with no shared walls — a layout that keeps tenant relations simple and turnover low. The property features two spacious 3 bed / 2 bath units with a market rent of $2,500/month each. Currently being used as a program for young adults to grow and strive. The current gross rent for Unit B in this program is $4800. Program can be transferred to new owner. Unit A is empty but approved for the same progr am, and is currently on waiting list for residents; projected for August. When unit A becomes fully occupied, it can bring in another $4800-$6000/month. There is also a 1bd/1ba owner's suite as well that can bring in another $1200. Total potential gross rent is $12,000. No carpet anywhere — durable, low maintenance flooring throughout that tenants respect and landlords appreciate. One unit sits above the garage offering complete privacy and separation. The second unit is adjacent to the garage at ground level. A fully fenced private patio completes the outdoor space — a feature that attracts long term tenants and keeps vacancy low. The Numbers --- Current gross rent for Unit B — $4,800/month Potential Rent by August for Unit A -- $4800-$6000 Potential Rent for owner's suite -- $1200 Total Potential Rent --- $12000 Tenants cover all utilities — separate electric and water meters for both units Low overhead — low maintenance — strong tenant retention history The Mechanicals One new full HVAC system One new mini split unit Decent overall condition — solid bones — consistently tenant ready The Location — This Is Where The Money Is Centrally located in St. Petersburg's Grand Central District — one of the city's most actively evolving neighborhoods. Major commercial redevelopment has been approved along 34th Street between 22nd Ave N and 22nd Ave S — bringing new businesses, foot traffic, and long term appreciation to the immediate area. Surrounding improvements are already underway and values in this corridor are moving in one direction. This is not a flip. This is not a project. This is a durable, easy to manage, cash flowing asset in a market that is actively being invested in at the municipal and commercial level. Long term tenants, low turnover, and a location that gets better every year. Ideal for: First time investors using the house hack strategy Experienced investors adding a turnkey cash flowing asset Buyers seeking strong ROI in an appreciating St. Pete corridor

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Detail Ic Property Details

Property Type : Residential Income

Price : $679,000

AD Id : 80274391

MLS Id : MFRTB8516267

Beds : 6

Lot Size : 0.15 Acre

Living Area Size : 2,260

Year Built : 1981

Garage : 4

County : Pinellas

Subdivision: Powers Central Park

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Feature Features

  • Bedroom Information

    Total Bedroom: 6

    Bathroom Information

    Total Baths: 4

    Interior Features

    Ceiling Fans(s) Roof: Shingle Laundry Features: Laundry Room

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Luxury Vinyl Construction Materials: Block, Vinyl Siding, Frame
  • Heating & Cooling

    Heating: Electric Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1981
  • Exterior Features

    Fence Construction Materials: Block, Vinyl Siding, Frame Foundation Details: Slab

  • Lot Information

    Lot Dimensions: 50x127 Lot Square Feet: 6351 Lot Acres: 0.15 Lot Size (SqMt): 590

    Property Information

    Property Type: Residential Income Sub Type: Duplex

  • Listing Price Information

    Original List Price:$649000

  • Tax Information

    Tax Block: 12 Tax Book Number: 10-68 Tax Lot: 8 Tax Legal Description: POWERS CENTRAL PARK SUB BLK 12, LOT 8 Annual Tax: $6945.13 Tax Year: 2025 Parcel Number: 22-31-16-72756-012-0080

  • Utility Information

    Sewer Connected, Water - Multiple Meters, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: POWERS CENTRAL PARK SUB City: ST PETERSBURG Direction: South on 34th St N to West on 3rd Ave N to 3462 3rd Ave N
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1208 17th St N, Saint Petersburg, FL, 33713 $399,900 3 2 1,207 1,207 SqFt
1668 28th Avenue, Saint Petersburg, FL, 33713 $575,000 4 2 1,516 1,516 SqFt
1846 2nd Avenue, Saint Petersburg, FL, 33713 $750,000 6 4 2,622 2,622 SqFt
3320 18th Street, Saint Petersburg, FL, 33713 $780,000 5 3 2,146 2,146 SqFt
2140 22nd Avenue, Saint Petersburg, FL, 33713 $384,900 4 2 1,198 1,198 SqFt
2443 4th Avenue, Saint Petersburg, FL, 33713 $599,999 2 3 1,645 1,645 SqFt
2650 25th Avenue, Saint Petersburg, FL, 33713 $425,000 3 2 1,146 1,146 SqFt
2800 Dartmouth Avenue, Saint Petersburg, FL, 33713 $925,000 7 4 2,445 2,445 SqFt
3829 2nd Avenue, Saint Petersburg, FL, 33713 $495,000 5 2 1,614 1,614 SqFt
4651 22nd Avenue, Saint Petersburg, FL, 33713 $799,990 7 4 2,598 2,598 SqFt
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ByOwner last updated this listing 06/22/2026 @ 06:20

MLS: MFRMLS #TB8516267 LISTED BY: Michael DiGaetano, EXP REALTY LLC 888-883-8509 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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