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$1,499,990
28 Days On Site

1233 OAK STREET NE
ST PETERSBURG, FL 33701

For Sale|Residential Income|Pending
8
Beds
8
Total Baths
4,938
SqFt
$304
/SqFt
1925
Built
Subdivision:
BAYVIEW ADD
County:
Pinellas
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
1233 OAK STREET NE1233 OAK STREET NE1233 OAK STREET NE1233 OAK STREET NE
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Under contract-accepting backup offers. RARE FIND – TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY IN OLD NORTHEAST. The iconic “Melrose” is a boutique 8-unit residence located in the highly sought after historic “Old Northeast". This neighborhood is recognized as one of St Petersburg’s top spots to live, work, and play. Nestled in this famous enclave, which boasts red-brick roads, mature oak shade trees, and splendid homes, the Melrose is a landmark property of the area. Mediterranean architecture with global appeal, this grand building enjoys terrific visibility and brilliant curb appeal. The Melrose boasts classic Mediterranean features; thick stucco exterior walls, barrel tile ornate accents, terra cotta entry steps; and contributing to the character of the neighborhood you will find hexagonal paver sidewalk at front of building. This 2-story multifamily building includes 8 one-bedroom one-bath apartments with living room and eat in kitchens. Gracious interior common lobby, vintage hardwood flooring, newer separately metered electricity, onsite coin laundry in the detached garage building. New roof installed 2025! Efficient tankless gas hot water heater! Coin laundry provides additional revenue. Fully occupied, annual leases, long term tenants, and high-demand, rarely are there any vacancies in this building. HIGH AND DRY LOCATION, NO FLOOD INSURANCE REQUIRED. This stately property is 3 BLOCKS to popular Beach Drive NE and the vibrant urban core of downtown St Petersburg where you will find state of the art galleries, North shore Aquatic Complex, waterfront parks, the new iconic Pier, boutiques, a wide variety of restaurants, bars and live entertainment plus music and art festivals. This property is an ideal procurement for the savvy investor striving to complete a 1031 Exchange, expand a portfolio, or acquire a solid investment property in an established market.

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Listing Snapshot
Price 
$1,499,990
Days On Site 
28 Days
Bedrooms 
8
Inside Area (SqFt) 
4,938 sqft
Total Baths 
8
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
1925
MLS® Number 
TB8473243
Status 
Pending
Property Tax 
$17,418
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
2 weeks agoStatus changed to Pending
4 weeks agoListing first seen on site
General Features
Acres 
0.1
Garage 
Yes
Garage Spaces 
1
Parking 
Off StreetOn Street
Sewer 
Public Sewer
Utilities 
Cable AvailableNatural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DryerGas Water HeaterRangeRefrigeratorTankless Water HeaterWasher
Basement 
Crawl Space
Cooling 
Wall/Window Unit(s)
Flooring 
LinoleumWood
Heating 
Ductless
Interior 
Eat-in Kitchen
Laundry Features 
Common AreaLaundry Room
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Exterior Features
Construction Details 
StuccoFrame
Exterior 
LightingStorage
Other Structures 
Storage
Roof 
Built-Up
View 
City
Waterview 
City
Community Features
Financing Terms Available 
CashConventional
MLS Area 
33701 - St Pete
Roads 
Asphalt
Township 
31
Listing courtesy of RE/MAX PREFERRED (727) 481-9909



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-03-07 12:45 AM EST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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