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255 6th Avenue, FL
Stellar MLS

$1.20M

255 6th AvenueSt Petersburg, FL 33701

Listing updated: October 13, 2026 at 11:51 AM ET

Active
Stellar MLSListing courtesy of Sunshineagle Llc · Dave Masi · MLS #TB8522549 · Active · 941-416-4580
3,345
Building SF
0.08
Acres
6
Units
1925
Built
$359
Per SF
◆Multi-Family 5+◆4.47% cap rate◆$359/SF◆360° tour
Multi-Family 5+

Property type

1925

Year built

3,345 SF

Building size

3,494 sqft

Lot size

$359

Price / SF

6

Units

MULTI-FAM

Zoning

112

Days on market

Investment & cash flow

4.47%
Cap rate
$54K
NOI / yr
$94K
Gross income (Projected)
$42K
Annual expenses
12.7
GRM
$359
Price / SF

Income includes: Parking

Figures provided by the listing broker — verify independently.

Lease terms

Occupancy
Tenant

About this property

One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
112
Subdivision
Kinyons H H Add
County
Pinellas
Year built
1925
Building area
3,345 sq ft
Price/sq ft
$359
Lot size
3,494 sq ft
Units
6
Buildings
1
Stories
2
Ceiling height
8 to 9 Feet
Road frontage
City Street
Building features
Bathrooms, Dumpsters, Fencing
Annual taxes
$12K (2025)
Parcel #
18-31-17-46854-002-0101
Zoning
MULTI-FAM
MLS #
TB8522549

Utilities

Utilities
Public
Water source
Public
Sewer
Public Sewer

Listing details

Listing date
2026-06-23
On market date
2026-06-23
MLS area
33701 - St Pete
Status changed
2026-06-24
Tax legal description
KINYON'S, H.H. ADD BLK B, S 1/2 OF LOT 10

Location

Directions

From Downtown St. Petersburg, head north on 1st Street N approximately 0.9 miles. Turn left onto 6th Avenue N. Property is on the left, adjacent to 247 6th Ave N. Sign on site.

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

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.

Based on information submitted to the MLS GRID as of October 13, 2026 at 11:51 AM ET. 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.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

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