Don't miss this fantastic investment opportunity… A charming duplex just 3 miles from downtown St Pete! This property has a beautiful banyan tree in the backyard. One unit is upstairs, and the other is downstairs, providing plenty of privacy for both tenants. Each unit has two bedrooms and one bath, each with laundry hookups. The first-floor unit had water enter during hurricane Helene on 9/24/2024 and has been remediated. There is a storage shed attached to the home for extra storage space. Live in one unit, rent out the other, or rent out both for maximum income. The upstairs unit is currently rented until December 31st, with the landlord collecting $900 a month since 2015. Comparable units in the area rent for $1,300 a month, offering a great income opportunity. This AS-IS property includes central AC & heat and is located under 2 miles from Lassing Park and the beach and 2 1/2 miles to I175. This is a perfect deal for investors or those looking to maximize their investment potential!
Sold for $220,000 on 01/14/25
$220,000
515 40th Ave S, Saint Petersburg, FL 33705
2beds
1baths
1,520sqft
Duplex, Multi Family
Built in 1925
-- sqft lot
$211,400 Zestimate®
$145/sqft
$2,214 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 06:27pm
Listing Provided by:
Rebecca Collins 727-251-9235,
TREASURED HOME COLLECTION 727-210-3282
Bought with:
Gabriel Graham, 3352025
REALTY EXPERTS
Source: Stellar MLS,MLS#: TB8332557
Originating MLS: Suncoast Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Laundry: Inside, Laundry Room
Features
- Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Thermostat
- Flooring: Concrete
- Windows: Drapes, Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 1,520
- Total interior livable area: 1,520 sqft
Property
Parking
- Parking features: Boat, Common, Curb Parking, Driveway, Off Street, On Street, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Levels: Multi/Split
- Patio & porch: Covered, Side Porch
- Exterior features: Private Mailbox, Storage
- Fencing: Fenced
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 6,242 sqft
- Dimensions: 50 x 127
- Features: Flood Insurance Required, FloodZone, City Lot
Details
- Additional structures: Storage
- Parcel number: 063217039240000150
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Saint Petersburg
- Subdivision: BAYOU VIEW
HOA & financial
HOA
- Has HOA: No
Other fees
- Pet fee: $0 monthly
Other financial information
- Total actual rent: 900
Other
Other facts
- Listing terms: Cash,Other
- Ownership: Fee Simple
- Road surface type: Paved
Services availability
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Estimated market value
$211,400