1139 40TH STREET S
St Petersburg, FL 33711
$399,900
Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple.
All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down.
A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents.
Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
Listing Courtesy of: SPENCERS PLUS REALTY LLC
727-481-3517
| Listing Id: | TB8556986 |
|---|---|
| List Price: | $399,900 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Living Area: | 1,760 |
| Tax Annual Amount: | $5,116 |
| Lot Size Square Feet: | 9,200 |
| Lot Size Acres: | 0.21 |
| Waterfront?: | No |
| City: | St Petersburg |
| County Or Parish: | Pinellas |
| Subdivision Name: | Paines Sub |
| Postal Code: | 33711 |
| Year Built: | 1959 |
| Appliances: | Range, Refrigerator |
| Bathrooms Total Integer: | 4 |
| Building Area Source: | Public Records |
| Building Area Total: | 2000 |
| Building Area Units: | Square Feet |
| Foundation Details: | Slab |
| Construction Materials: | Frame |
| Cooling: | Wall/Window Unit(s) |
| Directions: | 34th St (US 19) to 5th Ave S. West on 5th Ave S to 40th St S. Left on 40th st S to address. Property is on the corner of 40th St S and 12th Ave S |
| Exterior Features: | Outbuildings, Other, Private Entrance, Private Mailbox |
| Flooring: | Ceramic Tile |
| Furnished: | Unfurnished |
| Gross Income: | $47,506 |
| Heating: | Baseboard, Ductless |
| Interior Features: | Ceiling Fans(s), Living Room/Dining Room Combo, Other |
| Laundry Features: | None |
| Lease Term: | Twelve Months |
| Levels: | One |
| Listing Contract Date: | 2026-10-10 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | City Limits |
| Lot Size Acres: | 0.21 |
| Postal Code Plus4: | 2512 |
| MLS Area Major: | 33711 - St Pete/Gulfport |
| MLS Area Major: | 33711 - St Pete/Gulfport |
| Other Structures: | Storage |
| Original List Price: | $399,900 |
| Other Equipment: | Private Entrance |
| Parcel Number: | 27-31-16-65340-001-0010 |
| Parking Features: | Common, Off Street, On Street, Open, Parking Pad |
| Patio And Porch Features: | Covered, Enclosed, Screened |
| Township: | 31 |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Total Actual Rent: | $4,354 |
| Utilities: | Electricity Connected, Public, Sewer Connected, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 16 |
| Public Survey Section: | 27 |
| Alternate Key Folio Num: | 31-16-27-65340-001-0010 |
| Annual Net Income: | 29514.01 |
| Building Area Total Srch Sq M: | 185.81 |
| Calculated List Price By Calcula: | 227.22 |
| Cddyn: | No |
| Flood Zone Code: | X |
| Flood Zone Date: | 2021-08-24 |
| Flood Zone Panel: | 12103C0214H |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 163.51 |
| Lot Size Square Meters: | 855 |
| Property Description: | End Unit |
| Realtor Info: | As-Is |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Count: | 4 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Individually Metered: | Electric, Sewer, Trash, Water |
| Association 2 Yn: | 0 |
| Attribution Contact: | 727-481-3517 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 16, 2026 05:03 AM - ET
