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2983 62ND AVENUE N

Multi-family For Sale
$445,000

BTC: 6.84615385

ETH: 247.22222222

36 days
4 bds
1,750 sqft

Overview

Excellent investment opportunity in the heart of St. Petersburg! This well-maintained concrete block duplex features two spacious units each offering 2 bedrooms and 2 bathrooms with porcelain tile and luxury vinyl flooring throughout. Both units include inside utility rooms with laundry and private yard spaces providing added comfort and convenience for tenants. One unit is currently occupied by a reliable long-term tenant providing immediate income while the second unit is vacant ideal for an owner-occupant or an investor looking to lease at market rates. Rental income is currently below market with strong upside potential to approximately $2,150 per unit beginning August 1, 2026. Tenants are responsible for electricity and water, with separately metered utilities helping keep operating expenses low and management simple. Built in 1984 the property is constructed of solid concrete block and offers ample on-site parking. Ideally located between I-275 and US-19, this property provides convenient access to St. Petersburg, Tampa, and Clearwater. Situated in a non-flood zone (no flood insurance required) it offers additional long term value and peace of mind. Enjoy a central location just minutes from Sawgrass Lake Park, Crescent Lake Park, and vibrant downtown St. Petersburg, including the St. Pete Pier, waterfront dining, museums, and shopping. A short drive to the Gulf beaches and convenient access to St. Pete–Clearwater International Airport and Tampa International Airport further enhance the appeal. A rare opportunity to own a versatile, income-producing property in a high-demand rental area with strong long-term growth potential. 2983 UNIT IS TENANT OCCUPIED — PLEASE DO NOT DISTURB TENANTS- ONLY 2985 CAN BE SEEN.

Location

Details

Type:
Residential Income
Parking:
Assigned / Parking Pad / Reserved
Year Built:
1984
Lot:
0.11 Acres
Heating:
Central / Electric
Price/sqft:
$254
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$434,900
$350K – $759K
Confidence Low
List vs. estimate
$10K above estimate
List $445,000 · +2.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$254
-18.5% vs. city median $312
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$5,552
2025
All facts and features
  • Flooring

    • Luxury Vinyl

    • Porcelain Tile

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Disposal

    • Dryer

    • Electric Water Heater

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Washer

    Other interior features

    • Ceiling Fan(s)

    • Eating Space In Kitchen

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Thermostat

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Assigned

    • Parking Pad

    • Reserved

    Property

    • Exterior Features: Fenced / Lighting / Private Entrance / Rain Gutters / Sidewalk / Sliding Doors

    Lot

    • Lot: 0.11 Acres

    Other Property Information

    • Parcel Number: 353016950760130120

    • Zoning: R-4

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • BB/HS Internet Available

    • Cable Available

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Fiber Optics

    • Phone Available

    • Public

    • Sewer Available

    • Sewer Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $5,552

  • Source details

    • MLS ID: TB8500974

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Closet

    • Window Features: Blinds

    • Living Area: 1750

    • Water Source: Public

    • Lot Size Dimensions: 50 x 100

    • Subdivision Name: WASHINGTON TERRACE

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: SUNCOAST HOME REALTY