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416 40TH STREET E

Multi-family Recently Sold
$310,000

BTC: 5.16666667

ETH: 177.54868270

Sold on: 2021-12-31
7 days
0 room(s)
1,944 sqft

Overview

Turn-key cashflow! Both units are spacious 2 bedroom/ 2 bathroom with central HVAC and individual W/D hookups. Property has been well maintained with long term tenants in place. High demand area-- excellent location in close proximity to Manatee beaches and easy access to I275. Downtown St Petersburg is literally 20 minutes away just over the Skyway Bridge! Each unit has 2 designated off-street parking spots on paved parking area. Rents for identical units across the street support a market rent of $1250/mo in current condition. Remodeled units have even greater revenue potential.

Location

Florida • PALMETTO • 34221 • Multi-family • Recently Sold

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1981
Lot:
0.22 Acres
Heating:
Central
Price/sqft:
$147
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$372,000
$242K – $449K
Confidence Low
List vs. estimate
$87K below estimate
List $284,900 · -23.4%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$146
Based on
18 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,163
2020
All facts and features

  • Heating

    • Central

    Cooling

    • Central Air

    Other interior features

    • Other

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 2279100123

    • Zoning: RSF6

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $2,163

  • Source details

    • MLS ID: U8143419

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Living Area: 1944

    • Water Source: Public

    • Subdivision Name: PALMETTO COUNTRY CLUB ESTATES FIRST UNIT

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34221
588
median $389K
Active
Same city
PALMETTO
715
median $419K
Active
Same type
Multi-family
—
Active
Similar price
$199K – $370K
167
median $324K
Active

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: INVESTRITE REALTY