ST PETERSBURG, FL 33704 121 18TH AVENUE N

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Presented By: RE/MAX ACTION FIRST OF FLORIDA with 727-531-2006. - 727-531-2006
  • MLS# TB8499673
  • 04/17/2026
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Disclaimer: The information contained in this listing has not been verified by Homepride Group at EXP Realty and should be verified by the buyer.
  • SQFT • 3,180

Home Details

Melrose Place Apartments is a unique 7 unit multifamily property situated among luxury homes in Historic Old Northeast St Petersburg, Florida. Living here means tenants are minutes to the iconic “Beach Drive Scene”, St Pete’s de facto hub for an expansive variety of fine dining and entertainment, nightlife, and chic galleries. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes, exquisite Historic Old Northeast is considered by many St Pete’s most affluent and thought after neighborhood. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city’s multitude of attractions include the New Pete Pier, Watch Discovery Center and Museum of History, to name a few. Each of the Melrose Place one-bedroom one-bath apartments, averaging approximately 600 sq ft, recently underwent a full gut-rehab down to the studs. Tenants sign traditional 12-month leases. One apartment is partially furnished. Based on the Seller’s current income and taking into consideration the Buyer’s projected year-one expenses, which do reflect the Appraiser’s estimated Real Estate Tax increase, the current Price represents approximately a 4 Cap. All utilities, as well as Internet / WiFi connectivity, are paid by the Owner via master meters with full reimbursement for monthly charge to tenants. Subject to all other terms and conditions, Owner will consider Seller Financing and providing ongoing Management Services. Acquisition of Melrose Place is ideally suited for discerning investors seeking to establish a foothold in Historic Old Northeast. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Melrose Place Apartments.
Presented By: RE/MAX ACTION FIRST OF FLORIDA with 727-531-2006. - 727-531-2006

Interior Features for 121 18TH AVENUE N

Bathrooms

Total Baths

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Heating Y/NYes

General for 121 18TH AVENUE N

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
CityST PETERSBURG
Construction MaterialsBlock, Stucco, Wood Frame
CoolingCentral Air, Wall/Window Unit(s)
CountyPinellas
DirectionsFrom its intersection with 4th St N, proceed east on 22nd Ave N to 2nd St N then turn right (south). Proceed to 18th Ave N and turn left (east). Proceed to the Property on the left (north) side of 18th Ave N.
Flood Zone CodeX
Flood Zone Code XY
HeatingCentral, Wall Units / Window Unit
Legal DescriptionBARNARD, ERASTUS A.'S REV SUB BLK 16, LOT 19(SEE N18 MAP
LevelsTwo
Listing TermsCash, Owner May Carry
Living Area UnitsSquare Feet
Lot Size Square Feet6307
Lot Size UnitsSquare Feet
MLS Area33704 - St Pete/Euclid
New ConstructionNo
Number Of Units Total7
OwnershipFee Simple
Property SubtypeMulti Family (5+)
Property TypeCommercial Sale
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameBARNARD ERASTUS A S REV SUBJAVASCRIPT:__DOPOSTBACK
Tax Annual Amount7438.47
Tax Lot19
Tax Year2025
UtilitiesPublic, Water Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1921

Exterior for 121 18TH AVENUE N

Building Area Total3616
Foundation DetailsSlab
Lot Dimensions50 x 125
Lot Size Acres0.14
Lot Size Area6307
Number of Buildings1
Road Frontage TypeCity Street
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Steven Pugh

Broker Associate | Team Leader
Price $2,500,000
MLS#TB8499673
List Date 04/17/2026
Property Type Commercial
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Request Info
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