1233 OAK ST NE, St Petersburg, FL 33701
1233 OAK ST NE, St Petersburg, FL 33701
1233 OAK ST NE, St Petersburg, FL 33701
1233 OAK ST NE, St Petersburg, FL 33701
1233 OAK ST NE, St Petersburg, FL 33701
1233 OAK ST NE, St Petersburg, FL 33701
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$ 1,499,990
Est. payment | /mo

8 Beds

8 Baths

4,938 SqFt


$ 1,499,990
Est. payment | /mo

8 Beds

8 Baths

4,938 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Pending

Purchase Type For Sale

Square Footage 4,938 sqft

Price per Sqft $303

Subdivision Bayview Add

MLS Listing ID TB8473243

Bedrooms 8

HOA Y/N No

Year Built 1925

Annual Tax Amount $17,418

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 68x60

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

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.

Location

State FL

County Pinellas

Community Bayview Add

Area 33701 - St Pete

Direction NE

Interior

Interior Features Ceiling Fans(s), Eat-in Kitchen

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Linoleum, Wood

Fireplace false

Appliance Dryer, Gas Water Heater, Range, Refrigerator, Tankless Water Heater, Washer

Laundry Common Area, Laundry Room

Exterior

Exterior Feature Lighting, Sidewalk, Storage

Parking Features Off Street, On Street

Garage Spaces 1.0

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected

View City

Roof Type Built-Up

Attached Garage false

Garage true

Private Pool No

Building

Lot Description City Limits, Sidewalk

Foundation Crawlspace

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco,Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8473243

Stellar MLS
Listed by Carol Giovannoni RE/MAX PREFERRED

Schools and Properties Nearby

Take a Closer Look

1233 OAK ST NE

Angie went above and beyond as my realtor. We toured multiple houses together, and she truly listened to my opinions and adjusted to my needs. As a first-time home-buyer, I was initially very hesitant about the whole process, but Angie’s made the entire process manageable by communicating timely and objectively. She ensured I had all the information needed to make an informed decision and provided her own research and expertise during negotiations. I loved going through this process with her. I felt safe knowing she was on my side and looking out for my best interests. I recently closed on the perfect dream house for my mom, and after multiple tours, deep research, and late-night texts, we made it happen! Thank you so much, Angie! You saw my vision, believed in me, and worked with me to make this dream a reality. I appreciate you always communicating, respecting my work schedule, and bringing your expertise to the table. I never felt judged, and you made the entire process so much less stressful. I am so glad to have worked with you. I 100% recommend you! <3

Yesenia De Rosas

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Angie Gooden

Agent

+1(843) 576-9551 | agoodenrealtor@gmail.com

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