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6538 42nd Avenue N, 
Kenneth City, FL 33709

$1,990,000


16

Beds


8

Baths


5,028

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Bailey Bjugan

Dalton Wade Inc

Last updated:

January 23, 2026, 01:13 PM

MLS#

TB8458243

Source:

MFRMLS

About This Home

6538 42nd Avenue N

Introducing a premier multifamily investment opportunity in St. Petersburg, Florida. This fully renovated eight-unit commercial property delivers immediate cash flow with a proven rental history. The asset consists of eight spacious two-bedroom, one-bathroom units situated across four separate buildings, complemented by a private on-site parking lot. The property is fully leased and has been comprehensively updated, making it a true turnkey addition to any investment portfolio. All major capital improvements have already been completed, significantly reducing future maintenance exposure. Updates include new roofs on all buildings, updated windows, individual HVAC systems, added insulation for improved energy efficiency and pest prevention, and in-unit washers and dryers throughout. Exterior improvements enhance long-term value and tenant appeal, featuring upgraded landscaping, new fencing, fresh exterior paint, and a dedicated bike rack for residents. Each unit has been thoughtfully renovated with consistency and quality in mind. Kitchens showcase shaker-style cabinetry, granite countertops, and stainless steel refrigerators and stoves. Bathrooms have been fully updated with modern tilework, vanities, fixtures, and hardware. Additional interior upgrades include new baseboards and crown molding across all units, reflecting a high standard of finish rarely found in comparable properties. Located outside of a flood zone, this asset offers additional peace of mind for long-term ownership. Its central St. Petersburg location provides easy access to schools, shopping, dining, entertainment, public transportation, and major thoroughfares, further supporting strong tenant demand. This is an exceptional opportunity for investors seeking a stabilized, professionally updated multifamily property with immediate income and minimal deferred maintenance in one of Tampa Bay’s most desirable rental markets.

Home Facts

Multi-Family

8 Baths

16 Bedrooms

Built in 1958

Price Summary

1,990,000

$395 per Sq. Ft.

MLS #:

TB8458243

Last Updated:

January 23, 2026, 01:13 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

8

Interior

Living Area:

5,028 Sq. Ft.


Structure

Structure

Building Area:

5,736 Sq. Ft.

Year Built:

1958


Lot

Lot Size (Sq. Ft):

16,544


Finances & Disclosures

Finances

Price:

$1,990,000

Price per Sq. Ft:

$395 per Sq. Ft.

MLS Logo
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Dalton Wade Inc is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Dalton Wade Inc, a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.