About 427 40th Avenue S
Completely Remodeled | Income-Producing Opportunity | Priced Below Appraised Value! Discover the perfect blend of modern living and investment potential at 427 40th Ave S, St. Petersburg. This beautifully renovated property offers exceptional flexibility for homeowners, investors, or multi-generational living, all in a prime location just minutes from Downtown St. Petersburg. The front unit features 2 bedrooms and 1 bathroom, plus a private efficiency/studio complete with its own bedroom, bathroom, and living area—ideal for guests, extended family, or rental income. Adding even more value, the property includes a detached one-bedroom, one-bath unit, with laundry providing another excellent opportunity for additional rental income, a private guest house, or a home office. Major upgrades have already been completed for peace of mind, including a new roof, HVAC system, water heater, and plumbing—all completed in 2025. Every space has been thoughtfully remodeled with modern finishes, making this property truly move-in ready. Conveniently located just minutes from Downtown St. Petersburg, local restaurants, shopping, waterfront parks, hospitals, and the award-winning Gulf beaches, you'll enjoy easy access to everything this vibrant city has to offer. Whether you're looking to offset your mortgage with rental income, accommodate extended family, or expand your investment portfolio, this one-of-a-kind property delivers outstanding versatility and value. Best of all, it is priced below its appraised value, making it an incredible opportunity you won't want to miss.
Features of 427 40th Avenue S
| MLS® # | TB8528017 |
|---|---|
| Price | $435,000 |
| Bedrooms | 4 |
| Bathrooms | 3.00 |
| Square Footage | 1,594 |
| Acres | 0.15 |
| Year Built | 1953 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Listing Details
| Office | MIRANDA LANDA REALTY GROUP LLC |
|---|
Listing Map
Neighborhood Information for 427 40th Avenue S
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Lakewood Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
0 Miles | |
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Lakewood High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Lakewood Community Public - Adult - Other to Adult - Other |
1 Miles | |
|
Bay Vista Fundamental Elementary School Public - Kindergarten to 5Th Grade |
1 Miles | |
|
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Alegria Montessori School Private - Preschool to 8Th Grade |
1 Miles | |
|
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Midtown Academy Public - Kindergarten to 8Th Grade - Closest Middle School |
2 Miles | |
|
|
Academy Prep Center Of St. Petersburg Private - 5Th Grade to 8Th Grade |
2 Miles |
School data provided by GreatSchools