$1,499,990
Off-Market Date: 02/17/20261233 Oak Street NE Saint Petersburg, FL 33701
Pending MLS# TB8473243
8 beds 8 baths 4,938 sq ft Multi-family
Details for 1233 Oak Street NE
MLS# TB8473243
Description for 1233 Oak Street NE, Saint Petersburg, FL, 33701
Under contract-accepting backup offers. 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.
Listing Information
Property Type: Residential, Multi Family
Status: Pending
Bedrooms: 8
Bathrooms: 8
Lot Size: 0.10 Acres
Square Feet: 4,938 sq ft
Year Built: 1925
Garage: Yes
Construction: Stucco,Wood Frame
Subdivision: Bayview Add
Foundation: Crawlspace
Number Of Units Total: 8
County: Pinellas
Additonal Room Information
Laundry: Common Area, Laundry Room
Interior Features
Appliances: Washer, Tankless Water Heater, Gas Water Heater, Dryer, Range, Refrigerator
Flooring: Linoleum,Wood
Basement: Crawl Space
Additional Interior Features: Ceiling Fan(s), Eat-In Kitchen
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Natural Gas Connected,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Heating: Window Unit, Wall Furnace
Exterior / Lot Features
Garage Spaces: 1
Parking Description: Off Street, on street
Roof: Built-Up
Lot View: City
Lot Dimensions: 68x60
Additional Exterior/Lot Features: Lighting, Storage, Sprinkler/Irrigation, City Lot
Out Buildings: Storage
Community Features
Community Features: Sidewalks
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1400
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1567
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1300
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1350
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 5 Units Total: 1
Unit 5 Actual Rent: 1400
Unit 5 Baths Total: 1
Unit 5 Beds Total: 1
Unit 6 Units Total: 1
Unit 6 Actual Rent: 1275
Unit 6 Baths Total: 1
Unit 6 Beds Total: 1
Driving Directions
North on Beach Drive NE - west on 9th Ave NE - north on Oak St NE - destination will be on the right
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity
Tax/Property ID: 18-31-17-05274-001-0060
Tax Amount: 17418
Tax Year: 2025
A broker reciprocity listing courtesy: RE/MAX PREFERRED
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Sales History & Tax Summary for 1233 Oak Street NE
Sales History
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Tax Summary
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Schools
Schools nearby 1233 Oak Street NE
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
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