1233 Oak Street Ne, St Petersburg, FL 33701
- $1,499,990
- 8
- BD
- 8
- BA
- 4,938
- SqFt
- List Price
- $1,499,990
- Status
- Pending
- Days on Market
- 135
- MLS#
- TB8473243
- Property Style
- Multi-Family 5+
- Year Built
- 1925
- Bedrooms
- 8
- Bathrooms
- 8
- Living Area
- 4,938
- Lot Size
- 4,260
- Acres
- 0.10
- Total Acreage
- 0 to less than 1/4
- Building Name
- The Melrose
- Legal Subdivision Name
- Bayview Add
- Complex/Comm Name
- Old Ne
- MLS Area Major
- St Pete
Property Description
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.
/u.realgeeks.media/davenhenry/lptrealty_powerpacks_logo__blue_vertical_copy.png){kind=logo}
Additional Information
- Taxes
- $17418
- Location
- City Limits, Sidewalk
- Community Features
- No Deed Restriction
- Interior Layout
- Ceiling Fans(s), Eat-in Kitchen
- Interior Features
- Ceiling Fans(s), Eat-in Kitchen
- Floor
- Linoleum, Wood
- Appliances
- Dryer, Gas Water Heater, Range, Refrigerator, Tankless Water Heater, Washer
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
- Heating
- Ductless
- Air Conditioning
- Wall/Window Unit(s)
- Exterior Construction
- Stucco, Frame
- Exterior Features
- Lighting, Sidewalk, Storage
- Roof
- Built-Up
- Foundation
- Crawlspace
- Pool
- No Pool
- Garage Carport
- 1 Car Garage
- Garage Spaces
- 1
- Garage Features
- Off Street, On Street
- Garage Dimensions
- 20x20
- Flood Zone Code
- X
- Parcel ID
- 18-31-17-05274-001-0060
- Legal Description
- BAYVIEW ADD BLK 1, S 68.5FT OF LOT 6
Listing courtesy of RE/MAX PREFERRED. 727-367-3636
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on