- 4 beds
- 2 baths
- 1,316 sqft
427 40th Avenue SSt Petersburg, FL, 33705
- Price per sqft
- $261
- Days on market
- 104
- Listed
- Jul 10
- Last increase
- +$500
- Oct 13, 2026
About this property
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.
Top Villas Intelligence
Projected rental revenue and ownership costs
Property details
- Property type
- Single Family Residence
- Street address
- 427 40th Avenue S
- City
- St Petersburg
- State
- FL
- ZIP code
- 33705
- Year built
- 1953
- New construction
- No
- Faces
- East
- Rooms
- 4
- Building stories
- 1
- Living area
- 1,594 sqft
- Total building area
- 1,594 sqft
- Levels
- One
Price & sale history
Asking price reduced by $34,500 (7.7%) since first listed.
| Date | Event | Price | Change from previous recorded asking price |
|---|---|---|---|
| Price reducedMLS #TB8526439 | $415,500Change: −7.7%−$34,500 | −7.7%−$34,500 | |
| Listed for saleMLS #TB8526439 | $450,000 | Not applicable |
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