For Sale

Listed by Jeanne Roney

Source: Stellar MLS #TB8388648

701 38th Avenue North, St. Petersburg, FL, 33703

$649,000

4
3
1728 sq. ft.
6943 sq. ft.

Duplex

30+ days on the market

What's around 701 38th Avenue North

About this property

Turn-Key Income Property with Legal Apartment This extensively renovated corner-lot property offers a legal two-unit configuration consisting of a 3-bedroom / 2-bath main residence and a fully permitted 1-bedroom apartment, each designed for independent use. Separate electric meters support clear expense allocation and operational efficiency. The property has undergone comprehensive capital improvements, including two new HVAC systems, all-new electrical wiring with two new electrical panels, two new water heaters, updated kitchens and baths, new flooring, fresh interior and exterior finishes, professional landscaping, hurricane-rated impact windows in the main house, and a roof replaced approximately six years ago. Major systems have been addressed, minimizing near-term maintenance and capital expenditure exposure. The permitted apartment supports long-term rental use and income stability, while the main residence offers strong rental demand based on size, layout, and condition. Alley access enhances parking, privacy, and unit separation—features that improve tenant usability and asset performance. The property has experienced no flood damage, no storm damage, and no deferred maintenance. Priced at $649,000, the asset is positioned to support market-based rental income, flexible occupancy strategies, and long-term hold performance in the Allendale Terrace area of St. Petersburg, where permitted multi-unit properties with this level of renovation are limited.

Looking for more information on 701 38th Avenue North?

Explore comparables, sales history and growth for this property.
Learn more

Other properties for sale by Realty ONE Group | Sunshine

For Sale
$199,900
1202 Ferrell Street North
Plant City FL 33563
3
1
Single-Family
Listing courtesy of Realty ONE Group | Sunshine
For Sale
$269,900
2910 Turk Ct
North Port FL 34288
3
2
2
Single-Family
Listing courtesy of Realty ONE Group | Sunshine
For Sale
$199,900
1202 N Ferrell St
Plant City FL 33563
3
2
Single-Family
Listing courtesy of Realty ONE Group | Sunshine

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent