516 NORTHMOOR AVE N, ST PETERSBURG, FL, 33702
$389,500
Residential Income
|
Bedrooms
5
|
Bathrooms
3
|
Living Area
1,676 Sqft
|
Lot Size
6,382 Sqft
|
Investor Opportunity – Single Family Home with In-Law Suite, Dual Kitchens, Separate Entrances & New Roof, and a potential 9 Cap.
This single-family home, zoned as such, is a versatile and income-producing asset in the heart of St. Petersburg. With one water meter and one electric meter, the layout is ideal for dual living — offering two private entrances, two full kitchens, and clear separation between spaces, making it perfect for house hacking, long-term rental, or multi-generational living.
The main unit includes 3 bedrooms and 1 bath (using the enclosed porch as a third bedroom), and the permitted in-law suite (built in 2000) features 2 bedrooms, 1.5 baths, a private kitchen, and separate alley entrance with an electric gate and covered carport — great for RVs, boats, or work vehicles.
Property Features:
Zoned Single-Family Residential
New Roof (2025) – major improvement completed
Two full kitchens and separate entrances
Separate in-law suite ideal for rental income
Two backyard sheds for additional storage
Fenced yard with room for pets, gardening, or outdoor use and an electric gate.
A single set of utilities keeps costs simple
Rental Income & Investment Potential:
Projected Gross Rent: $4,500/month or $54,000/year
Estimated NOI (after estimated expenses): $37,800/year
At a $419,000 price point, this yields an impressive 9 Cap.
Live in one unit and rent the other, or lease both for maximum ROI. This property offers built-in flexibility and is located in a desirable area close to major roads, shopping, schools, and parks.
Don’t miss out on this high-performing investment property — schedule your private showing today!
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8397028 | Year Built: | 1967 | |
| Appliances: | Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator | Construction Materials: | Concrete | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Pinellas | Exterior Features: | Awning(s), Shade Shutter(s) | |
| Flooring: | Ceramic Tile, Laminate | Foundation Details: | Slab | |
| Heating: | Electric | Laundry Features: | Inside | |
| Levels: | Multi/Split | Listing Agreement: | Exclusive Right To Sell | |
| Listing Terms: | Cash, Conventional, FHA, VA Loan | Occupant Type: | Vacant | |
| Other Equipment: | Irrigation Equipment | Other Structures: | Shed(s) | |
| Possession: | Close Of Escrow | Property Sub Type: | Duplex | |
| Property Type: | Residential Income | Road Surface Type: | Asphalt | |
| Roof: | Membrane | Sewer: | Public Sewer | |
| Showing Requirements: | Supra Lock Box, Combination Lock Box | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected | Water Source: | Public | |
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