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$799,000
Nicholsons J W Sub SubDv. ⋅ 33701 Zip Code
Downtown St. Pete Triplex: Turnkey Income in a High-Demand Core Location Multi-unit inventory in Downtown St. Petersburg is scarce. This fully renovated triplex gives investors three income streams on a historic brick street, blocks from Central Avenue, the waterfront, and the Tropicana Field district. All three units have been updated and are rent-ready, so you have minimal near-term capital expenditure. The low-maintenance exterior and updated systems help keep operating costs predictable. The property also supports several rental strategies. You can run all three units as long-term rentals for stable cash flow, or furnish them for mid-term traveling-nurse stays, since major hospitals are minutes away. A mix of the two lets you balance steady income with higher-yield units. The location drives tenant demand. The property is walkable to Publix, restaurants, cafes, parks, and the waterfront, which supports strong occupancy and quick lease-ups. Significant investment in the surrounding area positions the property for long-term upside. This is a turnkey triplex in one of Florida's most desirable downtowns, a strong addition to any portfolio.

623 Mound Park Way S, St Petersburg
$799,000
3 Beds ⋅ 3 Baths ⋅ Nicholsons J W Sub SubDv. ⋅ 33701 Zip Code
Downtown St. Pete Triplex: Three Units, One Unbeatable Address Triplexes in the heart of Downtown St. Petersburg rarely come to market. This one offers three income-producing units on a historic brick street, just blocks from Central Avenue, the waterfront, and the Tropicana Field district. It's freshly renovated with a coastal-style turquoise exterior and bold yellow doors, and it's full of personality and potential. All three units have been updated and are move-in ready. You could live in one unit while the other two help pay the mortgage. You could also hold all three as long-term rentals, or tap into traveling-nurse demand with major hospitals minutes away. Having multiple units gives you multiple income streams and room to adjust your strategy. The location is what sets this property apart. It's steps from Publix and close to cafes, restaurants, galleries, parks, and the waterfront. That kind of walkability keeps units rented. Major investment is reshaping the surrounding area, so this is a chance to own a multi-unit property in one of Downtown St. Pete's fastest-evolving pockets. The exterior is low-maintenance and the systems are updated. Live, rent, and grow your portfolio in one of Florida's most desirable downtowns.

623 Mound Park Way S, St Petersburg