255 6TH AVE N, St Petersburg, FL 33701
ActiveAbout This Property
One of Downtown St. Petersburg's rarest offerings — a historic 1925 six-unit apartment building situated steps from Historic Old Northeast in Flood Zone X. The two-story wood-frame building features 5 one-bedroom/one-bath units plus an efficiency, individually metered electric, and a 2021 roof replacement already complete. Current rents are significantly below the appraiser's concluded value and represent significant income upside with rent stabilization in gross annual potential. Grandfathered 6-unit use under NT-2 zoning protects the income-producing asset in a neighborhood where comparable new supply simply cannot be built. Value-add investors will appreciate the vacancy/rent-up story, the density efficiency, and a location that commands premium tenants with minimal concessions. A genuine value-add play in a submarket that rarely offers one. Dont miss out on the investment opportunity. Contact the listing agent for a duel portfolio marketing plan for this and 247 6th ave n.
Property Details
Listed by SUNSHINEAGLE LLC · MLS# TB8522549
Similar Homes in 33701
Recently Sold in 33701
Properties displayed may be listed or sold by various participants in the MLS
More in St Petersburg
Listing information © 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved. Data deemed reliable but not guaranteed. Last updated: 2026-06-24.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Monthly Payment
Estimate your all-in monthly cost.
Estimate only. Taxes, insurance, and HOA may vary.
Get notified of similar listings
Be the first to know when a similar home hits the market.
Sign up free to get alertsAlready a member? Log in