512 88TH AVENUE N
St Petersburg, FL 33702
$399,000
Great investment opportunity in St. Petersburg with existing rental income and excellent expansion potential! This property features two separate 1-bedroom, 1-bathroom units, **both currently tenant-occupied and generating rental income**, along with a detached 2-car garage that has been rented separately for storage, providing an additional income stream. A major highlight of this property is the **City of St. Petersburg-approved building plans and permit for a third residential unit!** The planned addition consists of a 2-bedroom, 1-bathroom unit above the existing detached garage, while preserving the 2-car garage below for continued use or potential rental income.
The approved building plans and permit convey with the sale, saving the new owner the considerable expense of having plans prepared and the time involved in obtaining city approvals and permits. This provides a significant head start for an investor looking to maximize the property's income potential. With two existing income-producing units, the opportunity to add a third residential rental unit, and additional garage rental income, this property offers excellent potential for increased cash flow and long-term investment value!
Listing Courtesy of: PEOPLE'S CHOICE REALTY SVC LLC
813-933-0677
| Listing Id: | TB8559506 |
|---|---|
| List Price: | $399,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Living Area: | 816 |
| Tax Annual Amount: | $3,824 |
| Lot Size Square Feet: | 6,421 |
| Lot Size Acres: | 0.15 |
| Waterfront?: | No |
| City: | St Petersburg |
| County Or Parish: | Pinellas |
| Subdivision Name: | Kelly John Alex-Bruce Sub |
| Postal Code: | 33702 |
| Year Built: | 1958 |
| Number Of Units Total: | 3 |
| Bathrooms Total Integer: | 3 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace |
| Construction Materials: | Asbestos |
| Cooling: | Wall/Window Unit(s) |
| Directions: | From 4th Street N, turn west onto 88th Avenue N. Continue to 512 88th Avenue N. Property will be on the left (south side of the street). |
| Exterior Features: | Fence |
| Garage?: | Yes |
| Heating: | Ductless |
| Interior Features: | Open Floorplan |
| Laundry Features: | None |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.15 |
| Lot Size Dimensions: | 50x127 |
| Postal Code Plus4: | 3432 |
| MLS Area Major: | 33702 - St Pete |
| MLS Area Major: | 33702 - St Pete |
| Original List Price: | $399,000 |
| Parcel Number: | 19-30-17-45684-000-0860 |
| Township: | 30 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Utilities: | Electricity Connected, Sewer Connected, Water Connected |
| Water Source: | Public |
| Public Survey Range: | 17 |
| Public Survey Section: | 19 |
| Alternate Key Folio Num: | 193017456840000860 |
| Annual Net Income: | 32000.00 |
| Calculated List Price By Calcula: | 488.97 |
| Cddyn: | No |
| Est Annual Market Income: | 40000.00 |
| Flood Zone Code: | AE |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 75.81 |
| Lot Size Square Meters: | 597 |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Count: | 3 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-933-0677 |
| Originating System Name : | Stellar MLS |
| Dock Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2026-10-22 |
Mortgage Calculator
Copyright 2026 My Florida Regional MLS DBA Stellar MLS. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of My Florida Regional MLS DBA Stellar MLS. Real estate listings held by brokerage firms other than the owner of this page include the name of the listing broker. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on October 23, 2026 03:40 AM - ET
Based on information submitted to the MLS GRID as of October 23, 2026 03:40 AM - ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time.
Property Last Updated: October 23, 2026 03:40 AM - ET
