AgentLogo

3103 16TH STREET N

ST PETERSBURG , FL 33704

MLS#: TB8449162

$1,199,000

Status: Active
Listing number: TB8449162
Listing provided by: EXP REALTY LLC
Listing agent phone: None
Last update: 22 days ago
On site: 23 days ago
Browse Properties
SUMMIT PARK - Residential Income

Property

Beds

8

Full Baths

None

1/2 Baths

None

Year Built

1985

Sq.Footage

2,680

Introducing Blue Pelican, a brand-new commercial-quality quadplex rebuilt from the studs up. Only portions of the exterior framing and slab remain—every other major component is new, including the electrical system and panels, plumbing, roof, HVAC, siding, impact-rated windows and doors, driveway, insulation, drywall, upscale kitchens and bathrooms, and all interior finishes. The property also features a commercial fire sprinkler system and a commercial fire alarm system, offering insurance advantages, enhanced safety, and long-term durability rarely found in small multifamily assets. The building lives more like a newly constructed boutique apartment building than a traditional four-unit. Each residence has been fully redesigned with modern layouts and high-end finishes, and one of the units is fully ADA compliant with an exterior wheelchair-accessible ramp. Additional upgrades such as designated bicycle parking and thoughtful site enhancements help ensure low-maintenance ownership for years to come. The owners are currently replicating this project with the mirror-image property next door at 3101 16th St N, which will be completed as “Green Pelican” and will match Blue Pelican in layout, quality, and commercial-grade upgrades, with the only difference being a Seafoam Green exterior. Once completed, this will enhance the overall appeal and value of Blue Pelican, and a future purchaser will have the opportunity to acquire both properties for a cohesive and highly attractive 8-unit investment. Fully leased the property will deliver a total monthly rental income of $8,825 plus an additional $200/month in reimbursement for water and trash, bringing the annual gross income to approximately $108,300. All units are separately metered for electric, creating an efficient and predictable utility structure. Given the complete redevelopment and commercial-grade systems, future capital expenditure needs are minimal. Based on typical operating metrics for a brand-new, impact-rated multifamily building in Florida, the projected NOI supports a strong cap rate at list price. With rental upside over time, the pro forma performance trends even stronger. Blue Pelican presents a rare opportunity to acquire a true turnkey, fully rebuilt income-producing asset with commercial-level construction quality, modern design, and stabilized rent roll—all in a growing, high-demand market near downtown St Pete and right around the corner from Crescent Lake.

Features & Amenities

Interior

  • Other Interior Features

    Open Floorplan, Stone Counters

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    HardiPlank Type, Frame

  • Other Exterior Features

    Balcony, Courtyard, Dog Run, Lighting, Private Entrance

  • Parking

    Driveway, Off Street, Parking Pad

  • Patio and Porch Features

    Covered, Deck, Rear Porch, Side Porch

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.19

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

Price

  • Sales Price

    $1,199,000

  • Tax Amount

    9172.33

  • Sq. Footage

    2, 680

  • Price/SqFt

    $447

HOA

  • Association

    No

School District

  • Elementary School

    John M Sexton Elementary-PN

  • Middle School

    Meadowlawn Middle-PN

  • High School

    St. Petersburg High-PN

Property Features

  • Accessibility Features

    Accessible Entrance, Accessible Approach with Ramp, Accessible Bedroom, Accessible Doors, Accessible Electrical and Environmental Controls, Accessible Full Bath, Accessible Hallway(s), Accessible Kitchen, Accessible Kitchen Appliances, Accessible Central Living Area, Accessible Washer/Dryer

  • Foundation Details

    Slab

  • Ownership

    Fee Simple

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    23

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Pinellas

Elementary School

John M Sexton Elementary-PN

Middle School

Meadowlawn Middle-PN

High School

St. Petersburg High-PN

Listing Courtesy of Josh Neighoff , EXP REALTY LLC

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent AshleyBaillio

FOUNDER

AshleyBaillio

Call Ashley today to schedule a private showing.

(561) 609-2391

franko+southflorida@init.hr


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Introducing Blue Pelican, a brand-new commercial-quality quadplex rebuilt from the studs up. Only portions of the exterior framing and slab remain—every other major component is new, including the electrical system and panels, plumbing, roof, HVAC, siding, impact-rated windows and doors, driveway, insulation, drywall, upscale kitchens and bathrooms, and all interior finishes. The property also features a commercial fire sprinkler system and a commercial fire alarm system, offering insurance advantages, enhanced safety, and long-term durability rarely found in small multifamily assets. The building lives more like a newly constructed boutique apartment building than a traditional four-unit. Each residence has been fully redesigned with modern layouts and high-end finishes, and one of the units is fully ADA compliant with an exterior wheelchair-accessible ramp. Additional upgrades such as designated bicycle parking and thoughtful site enhancements help ensure low-maintenance ownership for years to come. The owners are currently replicating this project with the mirror-image property next door at 3101 16th St N, which will be completed as “Green Pelican” and will match Blue Pelican in layout, quality, and commercial-grade upgrades, with the only difference being a Seafoam Green exterior. Once completed, this will enhance the overall appeal and value of Blue Pelican, and a future purchaser will have the opportunity to acquire both properties for a cohesive and highly attractive 8-unit investment. Fully leased the property will deliver a total monthly rental income of $8,825 plus an additional $200/month in reimbursement for water and trash, bringing the annual gross income to approximately $108,300. All units are separately metered for electric, creating an efficient and predictable utility structure. Given the complete redevelopment and commercial-grade systems, future capital expenditure needs are minimal. Based on typical operating metrics for a brand-new, impact-rated multifamily building in Florida, the projected NOI supports a strong cap rate at list price. With rental upside over time, the pro forma performance trends even stronger. Blue Pelican presents a rare opportunity to acquire a true turnkey, fully rebuilt income-producing asset with commercial-level construction quality, modern design, and stabilized rent roll—all in a growing, high-demand market near downtown St Pete and right around the corner from Crescent Lake.

3103 16TH STREET N

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

Located in the highly desirable Euclid St. Paul’s neighborhood of St. Petersburg, this recently restored triplex perfectly blends historic charm with modern updates. The property features a versatile unit mix, including two spacious 2-bedroom, 1-bathroom units (each approximately 1,131 sq. ft.) offering large rear porches, sunrooms, dining areas, and separate laundry hookups, as well as one 1-bedroom, 1-bathroom garage apartment (576 sq. ft.) with its own laundry hookup, covered porch, and a two-car garage below. The front building is constructed entirely of concrete block—including both floors and the floor system between—while the detached garage apartment is wood frame construction. Each unit enjoys abundant natural light, spacious layouts, and a tasteful combination of modern finishes and original period details. Property features include separate electric meters for each unit and one shared water/sewer/trash meter, ample parking, and inviting common spaces for tenants. Situated on a charming brick street just steps from Crescent Lake Park and only minutes to downtown St. Petersburg, this property offers the perfect opportunity for investors or those looking to live in one unit and rent out the others. A truly turnkey, income-producing property in one of St. Pete’s most sought-after neighborhoods.
#TB8448105

ST PETERSBURG

925 16TH AVENUE N

5 Beds

None Baths

2,838 Sq.Ft.

$1,095,000

MLS#: TB8448105

Investment Opportunity + Live-in Flexibility — Situated in a sought-after St. Petersburg neighborhood just north of downtown, this versatile multi-unit property features a 3 bed / 2 bath main house and an over-under duplex behind it (upper unit: 2 bed / 1 bath; lower unit: 1 bed / 1 bath). Whether you’d like to live in the main home and rent the duplex, or rent out all three units for maximum income potential, this offering delivers outstanding flexibility. The duplex includes a new roof, and each unit maintains its own private entrance for independent occupancy—a strong advantage for long-term tenants or rental management. The main residence offers a practical layout with solid appeal. Rental history is available from the current owner, so income projections are clear and reliable. This property lies in a vibrant, walkable neighborhood noted for its charming tree-lined streets, classic architecture and close proximity to parks. Residents enjoy local boutiques, cafés, and restaurants along nearby corridors, as well as easy access to waterfront parks and the cultural amenities of downtown St. Petersburg. If you are an investor seeking dependable cash flow, or a homeowner looking to offset your living expenses through rental income—this offering has the rare blend of live-in convenience and built-in upside. Contact us to request the full rental history and schedule your private showing today.
#TB8448138

ST PETERSBURG

727 23RD AVENUE N

6 Beds

None Baths

2,326 Sq.Ft.

$1,100,000

MLS#: TB8448138

Price reduced
Charming 6-unit multifamily property in St. Petersburg’s coveted Historic Uptown District. Built in 1925, this 3,102 SF building combines vintage character with modern updates and strong value-add potential. Three of the six units have been renovated with updated kitchens, LVT flooring, fresh paint, refinished tubs, and a mix of stainless, white, and black appliances. Two units feature private balconies offering potential for premium rents. Exterior upgrades include refreshed decking and low-maintenance landscaping with mulch and stone. Residents enjoy on-site laundry and a stylish patio deck. Ideally located just four minutes from Downtown St. Pete and close to major employers including St. Anthony’s Hospital, Tropicana Field, Bayfront Health, Johns Hopkins All Children’s, and USF St. Petersburg. The property is two miles from the new $92M St. Pete Pier and Vinoy Park and within eight miles of world-famous St. Pete Beach. Excellent opportunity for investors seeking stable income with room for growth in one of Tampa Bay’s most desirable rental markets.
#TB8447281

ST PETERSBURG

1026 12TH STREET N

7 Beds

None Baths

3,018 Sq.Ft.

$1,050,000

MLS#: TB8447281

Great Location & Exceptional Opportunity on the Brick Streets of St. Pete !! Welcome to this rare find — two beautifully finished homes on one lot, perfect for multi-generational living, guest accommodations, or rental income. Both homes feature modern upgrades, private courtyards, and stylish living spaces in one of St. Petersburg’s most desirable neighborhoods. The main residence, over 2100 spacious sq ft, consists of three bedrooms, plus a dedicated yoga room and home office/library, a full bath with large jacuzzi tub/shower combo and a half bath downstairs, a modern kitchen with granite countertops and quality finishes, indoor laundry room and cozy sun room overlooking the private courtyard – perfect for outdoor entertaining or quiet relaxation. Generous off street parking. The second home has been fully remodeled. The lower level consists of a one-car garage, game room, and studio. Upstairs features 3 bedrooms, 1 full bath, and 900+ sq ft of bright, open living space. Featured items include a modern kitchen with granite countertops, gas stove, new gas water heater, new luxury vinyl plank flooring and updated windows throughout. Private courtyard with alley access for convenient entry and parking. Close to everything St. Pete has to offer !!
#TB8445273

ST PETERSBURG

945 11TH STREET N

6 Beds

None Baths

3,788 Sq.Ft.

$1,200,000

MLS#: TB8445273

Prime Income-Producing Opportunity in Old Northeast! This well-maintained bungalow style multi-unit property in the heart of St Pete offers a fantastic investment potential with five rental units and the perfect blend of space and functionality. This wonderful multi family home did NOT flood during Hurricane Helene or Hurricane Milton and sits HIGH & DRY! The main building features four units—two downstairs and two upstairs. The spacious downstairs unit boasts 2 bedrooms and 1 bath, while the remaining three units are 1-bedroom, 1-bath apartments. The main-level units enjoy outdoor patios, perfect for tenant relaxation. A charming 1-bedroom, 1-bath cottage sits at the rear of the property, adding to the rental income potential. The property includes a detached 2-car garage, which could be converted into an additional apartments or rented as storage space. Tenants have access to a community laundry area with a coin-operated washer and dryer, as well as a courtyard, street parking, and three additional dedicated parking spaces. All units are on separate electric meters, water is on 1 meter that is paid by owner. Centrally located, this property is close to Downtown St. Pete, Vinoy Park, St. Pete Pier, specialty shopping, and waterfront dining. Whether you're looking to expand your portfolio or start fresh, this property offers prime rental potential in an unbeatable location!
#TB8433977

ST PETERSBURG

245 13TH AVENUE NE

6 Beds

None Baths

2,588 Sq.Ft.

$1,165,000

MLS#: TB8433977

Great property for investment or to make your own and have great income producing units. Located in the Historic Uptown and very close to Downtown St Petersburg. There are two buildings located on this tropically landscaped lot. The property consists of a 3 Bed, 1-1/2 Bath stand-alone home in the front that is 1,152 SF. Plus a one car garage with washer and dryer hook up. A beautiful, covered porch with Cuban tile, decorative original hardwood floors, built-ins, pantry, and an outdoor courtyard space located between the 2 buildings. The second building is a duplex. The upper unit (532) is 1,055 SF with 2 or 3 Bedrooms, 1 Bath. It has large living and dining area, Crown molding, and granite counters The Lower Unit (534) is 870 SF with 2 Bedrooms, 1 Bath with an enclosed porch that can be a den or a home office. There are wood floors throughout, granite counters and a claw foot tub. Both units have inside laundry. A great benefit is that a new roof was installed June of 2022 on the back building and a new roof installed on Main house and in December of 2024. This is a tenant occupied property so please do not approach the residence living at the house The Garage is for storage only. The floor cannot support a car.
#TB8430796

ST PETERSBURG

540 11TH AVENUE N

7 Beds

None Baths

3,077 Sq.Ft.

$1,249,000

MLS#: TB8430796

Welcome to your four-door ticket to flexibility, style, and serious income potential in one of St. Pete’s most beloved and walkable neighborhoods. Tucked beneath the oaks of Historic Uptown, this rare setup offers multiple ways to live, host, and earn, whether you’re house hacking, investing in STRs, or building a long-term rental portfolio. The main home is a charming 2 bed / 1.5 bath perched above a 3-car garage, featuring hardwood floors, an updated kitchen, central AC, and private fenced yard. Up front, a detached triplex offers a sunlit 2 bed / 1 bath unit with updated kitchen and central AC, a 1 bed / 1 bath unit with vaulted ceilings and updated systems, and a stylish studio with a renovated kitchen, tankless water heater, and modern finishes. The property has over $100k in recent updates, including landscaping, fresh paint in and out, plumbing and electrical upgrades (all on individual meters), new AC units, windows, and so much more! Outside, you’ll find a 2-car carport, green space with dog-friendly turf, and alley access perfect for tenants and guests. Whether you live in the main house and rent the rest, lease all four, or mix it up with short- and long-term stays, the layout offers total flexibility and privacy. Vintage charm meets modern ease throughout, and the location supports your vision. You're just blocks from Central Ave, Round Lake, Crescent Lake Park, and local favorites like Black Crow Coffee, Craft Kafe, Uptown Eats, and everything downtown St Pete has to offer. You’re close to the water, close to the action, and tucked away just enough. This is not your average multifamily, it’s a vibe. A compound. It’s an income-producing compound with heart, soul, and a story. Book a showing and make it yours.
#TB8422624

ST PETERSBURG

719 8TH STREET N

5 Beds

None Baths

2,930 Sq.Ft.

$1,100,000

MLS#: TB8422624

If you've been searching for a home that offers both incredible value and endless possibilities, look no further. Nestled in the heart of Crescent Lake, this unique property is two homes for the price of one, making it an exceptional find for homeowners, investors, or anyone looking to maximize their living space. Both homes on this property have been fully renovated and updated within the last few years. From the plumbing to the electrical, kitchens to bathrooms, every detail has been carefully upgraded to ensure modern comforts and peace of mind. It's like stepping into a brand-new home, but with the charm and character that Crescent Lake is known for. The main home features 2 bedrooms and 1 bathroom, perfect for a small family or those who love to entertain. The open-concept layout is designed to make the most of the space, with a stunning kitchen that flows seamlessly into the living and dining areas. Imagine hosting dinner parties or family gatherings in this warm, inviting space. Tucked away on the same property is a delightful 1-bedroom, 1-bathroom house. This charming little home is perfect as an in-law suite, a haven for teenagers seeking some independence, or an income-generating rental property. The possibilities are truly endless—whether you choose to live in the main house and rent out the cottage, or vice versa, this setup offers incredible flexibility. One of the biggest draws of this property is its versatility. Homeowners can enjoy the best of both worlds by living in one home and renting out the other, effectively reducing their mortgage payments or even turning a profit. Investors it is a wonderful opportunity to collect not 1 but 2 sources of income on the same parcel. It’s also an ideal solution for those who need extra space for family or want to dip their toes into real estate investing. Living in Crescent Lake means you’re close to everything that makes St Pete a fantastic place to live. From the eclectic mix of local restaurants and shops to the convenience of being near downtown, this neighborhood has it all. This dual-home property in Crescent Lake is more than just a place to live—it’s an opportunity. Whether you’re looking to generate income, accommodate family, or simply enjoy the perks of living in one of St Pete's most desirable neighborhoods, this property has it all. Don’t miss out on this unique chance to own a piece of Crescent Lake and unlock the full potential of this amazing home times two. We are looking for a homeowner looking for the perfect community or an investor seeking a prime location, this property offers the best of both worlds. Did I mention FLOOD ZONE X!!
#TB8405543

ST PETERSBURG

787 12TH AVENUE N

3 Beds

None Baths

1,525 Sq.Ft.

$975,000

MLS#: TB8405543

Price reduced
At 920 16th Ave N, you don't have to imagine what living in paradise AND having your mortgage paid (by not one, but TWO INCOME PRODUCING UNITS) would be like, you get to LIVE IT! Located in Flood Zone X - NON-FLOOD ZONE and approx. 50 ft elevation according to multiple online data sources - Nestled in the gorgeous brick-paved neighborhood of Euclid-St. Paul, just minutes from Downtown St Pete and a few blocks from Crescent Lake Park, this property offers the Florida lifestyle you've always dreamed of. The primary 2-story home is an ENORMOUS 2374 sq ft living space consisting of 4 spacious bedrooms, 3 bathrooms, 2 living rooms, and a dedicated laundry room. Start your day with coffee on the GIANT front porch, where you will undoubtedly be greeted by friendly neighbors on their morning stroll. Grill out and chill out on either of your TWO the back decks in your fully fenced backyard where you will find plenty of gardening opportunities. Behind the main home, you will find the massive two story rental property which consists of two approx. 450 sq ft 1/1 rental properties on the second floor and 2 approx. 450 sq ft temperature controlled bonus spaces/storage rooms on the first floor, plus a laundry room which is shared by the two tenants. This fantastic property is SELF SUFFICIENT with access to well water in addition to city water and generator plug ins, and ENERGY EFFICIENT with fully installed solar panels providing significant savings. Whether you're looking to establish multigenerational living or wanting to house hack where your renters pay down your mortgage, this incredibly charming BIG YELLOW HOUSE is teeming with potential. Schedule your showing before it's gone!
#TB8380319

ST PETERSBURG

920 16TH AVENUE N

6 Beds

None Baths

4,202 Sq.Ft.

$1,340,000

MLS#: TB8380319

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service