1. Florida
2. St Petersburg
3. 1326 17TH TERRACE N

1326 17TH TERRACE N, St Petersburg, FL 33704

• 4 beds |
• 4 baths |
• 2,288 sqft

Property Description

Exceptional Multifamily Investment Opportunity! Introducing a great opportunity to acquire a fully occupied, income-producing multifamily property in one of St. Petersburg’s most desirable neighborhoods: Euclid St. Paul’s. Ideally positioned near the Historic Uptown and Crescent Lake districts, this charming 1925-built asset is located at 1327 17th Avenue North, with convenient access to the northern units via 17th Terrace North. The property consists of two well-maintained buildings totaling 2,288 square feet, configured as four thoughtfully designed 1-bedroom units—all currently leased. With a current cap rate of 6.1%, this is a solid performer with the potential for increased returns through a few minor interior improvements. Situated in a high-demand rental submarket, this property offers full occupancy with consistent rental income, strong historical performance, and excellent tenant retention. Classic 1920s architecture is paired with modern updates, creating a timeless appeal for residents. The location provides easy access to downtown St. Pete, nearby parks, and major retail corridors, making it an attractive option for tenants and a stable, appreciating asset for investors. Zoned NT-2 and ideally suited for low-rise, garden-style multifamily ownership, this is a rare chance to secure a turn-key property with both immediate cash flow and long-term value in a thriving St. Petersburg neighborhood. Contact us today to schedule a private tour!

Listing Status:

Active

Date Added:

July 25, 2025 at 05:00AM

Listing Office:

COMPASS FLORIDA LLC : 727-339-7902

Listing Agent:

Joey Romanik : 727-639-3888

MLS ID:

TB8409497

Interior

• General: Thermostat
• Laundry: Inside
• A/C: Mini-Split Unit(s)
• Heating: Electric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Joey Romanik, COMPASS FLORIDA LLC