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Active$629,000
1689 PENNSYLVANIA AVENUE
ST PETERSBURG, FL 33703
3 beds3 baths1,408 sqft
Active · Single Family
721 12TH STREET
ST PETERSBURG, FL 33705
Beds
7 beds
Baths
3 baths
Area
2,097 sqft
Single FamilyBuilt 19485,293 sqft lotCentralCentral Air$279/sqft3 days on market
Location
About this home
INVESTOR ALERT! 3 RENTED UNITS | $5,802/MO RENT | NEW ROOF, A/C & WATER HEATERS! **Opportunity is knocking in St. Petersburg!** This income-producing multi-family property features **three rented units**, established rental income, and major recent upgrades. **Unit A:** 3/1 — $1,900/mo — 1-year lease, recently renewed **Unit B:** 2/1 — $1,902/mo — approximately 8 months remaining **Unit C:** 2/1 — $2,000/mo — month-to-month **Recent Upgrades:** New roof (2023), new A/C (2023), new water heaters (2023), plus plumbing and electrical updates (2018). **Current Expenses:** Property taxes $5,958.54/year; insurance approximately $4,000/year; electricity approximately $3,360/year; water approximately $2,160/year. Repairs and maintenance are variable. Owner currently pays water and electricity for the **two rear apartments**. Tenant in the main house pays their own utilities. With **three occupied units and $5,802 in current monthly rental income**, this property offers an established income stream with significant improvements already completed. Schedule your showing today!**
Facts & features
Interior
- Bedrooms
- 7
- Bathrooms
- 3
- Living area
- 2,097 sqft
- Heating
- Central
- Cooling
- Central Air
- Flooring
- Carpet, Vinyl
- Stories
- 1
- Features
- Ceiling Fans(s)
- Appliances
- Range, Refrigerator
Exterior & lot
- Lot size
- 5,293 sqft (0.12 ac)
- Roof
- Shingle
- Construction
- Stucco
- Exterior
- None
Financial
- Annual tax
- $6,207 (2025)
- Price / sqft
- $279/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Sewer Connected, Water Connected
Property
- Property type
- Single Family
- Year built
- 1948
- Subdivision
- GROVE HEIGHTS ANNEX
- County
- Pinellas
Assigned schools
- Elementary
- Lakewood Elementary-PN
- Middle
- Bay Point Middle-PN
- High
- Lakewood High-PN
Listing
- Status
- Active
- Days on market
- 3 days
- MLS #
- MFR811738074
- Source
- Stellar MLS
Listed by Matt Young · FLORIDA REAL ESTATE ASSOCIATES
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Estimate your monthly cost
PITI + HOAEstimated monthly payment$3,475/mo
- Principal & interest
- $2,958/mo
- Property tax
- $517/mo
- Home insurance
- Left out until you enter a quote
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own 2025 bill. Insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Similar homes nearby
Homes for sale in ST PETERSBURG within the same price band.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 18, 2026 | Listed | $585,000 | — |
Neighbourhood
The schools below come from the MLS record for this home. Walking, transit and cycling figures for ST PETERSBURG, FL are not connected yet, so this page does not show them.
Elementary school
Lakewood Elementary-PN
Assigned school from the MLS record
Middle school
Bay Point Middle-PN
Assigned school from the MLS record
High school
Lakewood High-PN
Assigned school from the MLS record
Frequently asked questions
What would 721 12TH STREET, ST PETERSBURG cost per month?
About $3,475 a month: $2,958 principal and interest, $517 property tax. That assumes 20% down at 6.5% over 30 years, and leaves out insurance.
Is 721 12TH STREET, ST PETERSBURG priced fairly?
Comparable homes nearby put it between $425,146 and $489,146, with $457,146 in the middle. Those are asking prices, not closed sales: 8 properties of the same type within three miles, each within 20% of this one's size and a bedroom either way, at a median of $218 a square foot.
How does 721 12TH STREET, ST PETERSBURG compare to nearby homes?
8 comparable properties within three miles. The nearest: 1139 DR MARTIN LUTHER KING JR STREET, ST PETERSBURG, FL at $700,000, 2,350 sq ft, 0.37 miles away; 1664 15TH AVENUE, ST PETERSBURG, FL at $439,000, 1,740 sq ft, 0.6 miles away; 1610 CENTRAL AVENUE, ST PETERSBURG, FL at $88,404, 1,700 sq ft, 0.63 miles away.
How long has 721 12TH STREET, ST PETERSBURG been on the market?
1 day on the market.
Has the price of 721 12TH STREET, ST PETERSBURG changed?
The price has not moved since it was listed.
How big is 721 12TH STREET, ST PETERSBURG?
7 bed, 3 bath, 2,097 square feet. That is $279 a square foot.
What year was 721 12TH STREET, ST PETERSBURG built?
Built in 1948.
What is the HOA fee at 721 12TH STREET, ST PETERSBURG?
The feed lists no association fee for this property.
What are the property taxes at 721 12TH STREET, ST PETERSBURG?
Property tax works out to about $517 a month, $6,207 a year, on the 2025 assessment.
Is 721 12TH STREET, ST PETERSBURG still available?
It is still on the market.