4502 9TH AVENUE S
St Petersburg, FL 33711
$399,000
Investors, this is your cash cow! Two-Unit Income Property: 1925 Bungalow + Detached 1BR, Tenant in Place, Major Systems Updated
Turnkey two-unit investment with income from day one. This property pairs a 3-bedroom, 1-bath 1925 bungalow with a detached 1-bedroom apartment, giving you two separate rentable units on one lot, in one closing.
The capital expenditures are largely done. Within the past two years, the main house received a new roof, new A/C, a new water heater, and several new windows. The back unit has all-new windows and brand-new central heat and air. Updated systems mean lower near-term maintenance costs and fewer surprises in your first years of ownership.
The detached unit is currently rented on a month-to-month basis, providing immediate cash flow with the flexibility to keep the existing tenant or reposition the unit. The main house will be available for a new tenant on November 1, so you can set your own lease terms and rent. Each unit has its own dedicated parking, which helps with tenant appeal and retention.
The rent numbers support strong returns. FY2026 HUD Fair Market Rents for this property are $2,900 for the 3-bedroom and $1,950 for the 1-bedroom, a combined $4,850 per month in potential gross rent. Don't miss out on adding this money maker to your portfolio..
Listing Courtesy of: KELLER WILLIAMS ST PETE REALTY
murraycoleman@kw.com
| Listing Id: | TB8554668 |
|---|---|
| List Price: | $399,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Living Area: | 1,448 |
| Tax Annual Amount: | $5,458 |
| Lot Size Square Feet: | 5,040 |
| Lot Size Acres: | 0.11 |
| Waterfront?: | No |
| City: | St Petersburg |
| County Or Parish: | Pinellas |
| Subdivision Name: | Vinsetta Park Annex |
| Postal Code: | 33711 |
| Year Built: | 1925 |
| Appliances: | Electric Water Heater, Range, Refrigerator |
| Bathrooms Total Integer: | 2 |
| Building Area Source: | Public Records |
| Building Area Total: | 2319 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace |
| Construction Materials: | Frame |
| Cooling: | Central Air |
| Directions: | 49th St S to East on 9th ave s to address on right |
| Elementary School: | Bear Creek Elementary-PN |
| Exterior Features: | Other, Sidewalk |
| Flooring: | Ceramic Tile, Tile |
| Furnished: | Unfurnished |
| Gross Income: | $40,800 |
| Heating: | Electric |
| High School: | Boca Ciega High-PN |
| Interior Features: | Thermostat |
| Laundry Features: | Electric Dryer Hookup, Washer Hookup |
| Levels: | Multi/Split |
| Listing Contract Date: | 2026-10-03 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Features: | City Limits |
| Lot Size Acres: | 0.11 |
| Lot Size Dimensions: | 45x112 |
| Postal Code Plus4: | 1912 |
| Middle Or Junior School: | Azalea Middle-PN |
| MLS Area Major: | 33711 - St Pete/Gulfport |
| MLS Area Major: | 33711 - St Pete/Gulfport |
| Original List Price: | $399,000 |
| Parcel Number: | 27-31-16-94266-000-0330 |
| Parking Features: | Driveway |
| Patio And Porch Features: | Front Porch |
| Pets Allowed: | Yes |
| Township: | 31 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional, Other |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Tenant Pays: | Electricity, Sewer, Trash Collection, Water |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 0 |
| Public Survey Section: | 0 |
| Zoning: | 0810 |
| Possession: | Close Of Escrow |
| Additional Lease Restrictions: | Buyer / Buyer Agent responsible for verifying any rental restrictions that are in effect with local municipaltiy. |
| Additional Rooms: | Storage Rooms |
| Annual Expenses: | 8458 |
| Annual Net Income: | 32342.00 |
| Association Approval Required Yn: | No |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 215.44 |
| Calculated List Price By Calcula: | 275.55 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8554668?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8554668?w=Customer |
| Dpryn: | Yes |
| Est Annual Market Income: | 58200.00 |
| Flood Zone Code: | X |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 134.52 |
| Lot Size Square Meters: | 468 |
| Minimum Lease: | No Minimum |
| Realtor Info: | As-Is, No Sign |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Yrs Of Owner Prior To Leasing Re: | 0 |
| Road Responsibility: | Public Maintained Road |
| Association 2 Yn: | 0 |
| Attribution Contact: | murraycoleman@kw.com |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
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Property Last Updated: October 08, 2026 07:25 PM - ET
