Historic Kenwood Quadruplex | Prime St. Pete FL Investment Opportunity

Highlights:

• New impact windows 2024
• Roof 2020

Description:

1846 2nd Ave N, St. Petersburg, FL, a rare opportunity to own a 1921 Craftsman quadruplex in the heart of the highly desirable Historic Kenwood neighborhood—one of St. Petersburg’s most vibrant and sought-after historic districts.

This income-producing multi-family property features four well-designed units totaling 2,622 heated sq ft, including three 1-bedroom / 1-bath units and one spacious 3-bedroom / 1-bath unit, offering strong rental demand and excellent income diversification. Investors will appreciate the solid construction, thoughtful upgrades, and long-term upside potential in one of the city’s most walkable locations.

Situated on a 60 x 80 lot, the property includes a 2-car garage plus ample street parking, making it attractive for tenants seeking convenience near downtown.

Recent improvements and features include:
• New impact windows throughout
• New premium vinyl siding
• Central A/C in all four units (no window or wall units)
• Individually metered electric and gas
• Flood Zone X (non-evacuation zone)
• Landlord pays water, keeping operating structure simple

The unit mix offers excellent income potential with three 1-bedroom units projected at ~$1,375/month each and the 3-bedroom unit at approximately $1,900/month, making this property ideal for increased rents with improvements:

• Investors seeking strong rental demand in St. Petersburg
• 1031 exchange buyers looking for stable income assets
• House hackers who want to live in one unit and rent the others
• Long-term buy-and-hold investors targeting appreciation in a premier location

Located just minutes from Central Avenue, the Grand Central District, the EDGE District, and Downtown St. Petersburg, tenants can walk or bike to some of the city’s best restaurants, breweries, art galleries, museums, and waterfront parks. Historic Kenwood itself is known for its oak-lined streets, charming brick and hex-paver sidewalks, and one of the highest concentrations of historic bungalows in Florida, creating a lifestyle that attracts both long-term residents and renters alike.

Multifamily opportunities in Historic Kenwood are extremely limited.
This is your chance to invest where historic character, strong rental demand, and walkable urban living intersect.

Schedule your private showing today and secure a rare income property in one of St. Petersburg’s most iconic neighborhoods.