147 42nd Avenue Ne St Petersburg, FL 33703

Multi-Family (2-4 Units) MLS #: TB8354617 Courtesy Of Dalton Wade, Inc.

$589,000

2 beds | 1,814 sq ft
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Est. Property Tax: $7,438
Estimated monthly payments: $3,195/mo.* (recalculate)

Property InformationDescription

Under contract-accepting backup offers. 100% Occupied Exceptional Cash Flow & Investment Potential with Minimal Maintenance!

This is a rare opportunity to acquire two concrete block homes for the price of one, offering excellent income potential with virtually no upkeep. Recently updated and well-maintained, this property consists of three fully rented units, making it the perfect addition to your investment portfolio. Whether you're interested in short, mid, or long-term rentals, this property has it all. Alternatively, live in one unit and rent out the others to generate passive income.

Property Features:

Main House: A charming 2-bedroom, 1-bathroom home offering spacious living and dining areas. Both bedrooms include walk-in closets, and the home boasts a private laundry room for added convenience.

Accessory Dwelling Unit (ADU): A beautifully furnished 1-bedroom, 1-bathroom unit, complete with a private patio with hot tub, artificial turf, storage space, and its own laundry area.

Luxury Garage: A high-end, fully remodeled, and furnished garage that features a kitchenette, bathroom, workshop area, and generous storage options. This versatile space adds both functionality and value.

The property s design emphasizes low-maintenance living, with all units recently updated to ensure durability and minimal upkeep. Located in a desirable neighborhood with easy access to everything you need, you ll enjoy the convenience of being just one block away from a scenic bike path leading straight to Downtown St. Petersburg. A quick 5-minute walk brings you to Publix, Whole Foods, and a variety of local amenities.

Best of all, your additional income from the ADU and garage will comfortably offset your mortgage payments, ensuring that this property is not only a great place to live but also a smart financial investment.
MORTGAGE CALCULATOR

Features

  • Age: Over 50 Years Old
  • Amenities: Ceiling Fan, Security System, Security System, Garden
  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Garbage Disposer, Ice Maker, Microwave, Oven - Convection, Range, Refrigerator, Washer
  • Architecture Style: Other
  • Exterior Type: Block, Concrete, Stucco
  • Floor Covering: Tile, Tile - Ceramic, Vinyl
  • Heating System: Central Furnace, Heat Pump
  • Lot Size: 0.17 Acres

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MAP & DIRECTIONS

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147 42nd Avenue Ne, St Petersburg, FL 33703
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School Information

147 42nd Avenue Ne, St Petersburg, FL 33703

Elementary School
Grades KG-5 | Public School
NORTH SHORE ELEMENTARY
Saint Petersburg, FL 33704
200 35th Ave NE
727.­893.2181
Distance: 0.5 mi
School Rating
D
Student:Teacher Ratio
11:1
Total Students
390
Middle School
N/A
High School
N/A
Other Nearby Schools Distance Type Grades School Rating
Shorecrest Preparatory School 0.6 mi Private PK-12
The Canterbury School Of Florida 1.4 mi Private PK-12
Northeast High School 1.6 mi Public 9-12 C
St Raphael Catholic School 1.6 mi Private PK-8
John M. Sexton Elementary 1.7 mi Public PK-5 C+
Meadowlawn Middle School 1.7 mi Public 6-8 D+
St Paul Catholic School 1.8 mi Private PK-8
Shore Acres Elementary 1.9 mi Public PK-5 A-
Woodlawn Elementary 2.0 mi Public PK-5 C-
The French American School Of Tampa Bay 2.0 mi Private PK-8
The French American School Of Tampa Bay 2.0 mi Private PK-8
St Petersburg Christian School 2.1 mi Private KG-8
Lutheran Church Of The Cross Day School 2.1 mi Private PK-8
Holy Family Catholic School 2.2 mi Private PK-8
Strive Academy 2.2 mi Public 6-12
Lealman Innovation Academy 2.3 mi Public 5-12 F
Dolphin Stem Academy 2.3 mi Private 2-12
Lynch Elementary 2.4 mi Public PK-5 C+
Sawgrass Lake Elementary 2.9 mi Public PK-5 C
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Saint Petersburg, FL 33703

Median Age: 44.6
Married: 49%
Number of Households: 11,239
Households with Children: 24.9%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Pinellas Suncoast Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.