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One or more photo(s) has been virtually staged. NTM-1 ZONED DEVELOPMENT OPPORTUNITY WITH INCOME IN PLACE. This is a rare opportunity to acquire a cash-flowing property with confirmed NTM-1 zoning, offering significant redevelopment potential in the rapidly evolving St. Petersburg market. Situated on an 8,255 SF lot with alley access, the property supports potential development of 5-6 residential units (buyer to verify), ideal for "missing middle" housing such as duplex, triplex, or small multifamily configurations. The existing setup includes a 3-bedroom main home and a separate 1-bedroom accessory dwelling unit that will generate approximately $3,625/month, providing immediate income while planning future development. NTM-1 zoning allows for up to 30 units per acre with a maximum of 4 units per building, creating multiple viable development strategies. Both homes have been completely remodeled. New kitchens, all new paint, new roof. Located within an Opportunity Zone, this property offers both immediate cash flow and long-term upside for investors, builders, and developers.
| DAYS ON MARKET | 1 | LAST UPDATED | 4/23/2026 |
|---|---|---|---|
| TRACT | ST PETERSBURG INVESTMENT COS ADD TO OAK PARK | YEAR BUILT | 1922 |
| COMMUNITY | 33711 - St Pete/Gulfport | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Perkins Elementary-PN |
|---|---|
| Jr. High School | Bay Point Middle-PN |
| High School | Lakewood High-PN |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Range, Refrigerator, Washer |
| AREA | 33711 - St Pete/Gulfport |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| EXTERIOR | Lighting |
| FIREPLACE | Yes |
| HEAT | Ductless |
| LOT | 8276 sq ft |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Cottage |
| SUBDIVISION | ST PETERSBURG INVESTMENT COS ADD TO OAK PARK |
| TAXES | 6475 |
| UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | City |
| WATER | Public |
MORTGAGE CALCULATOR
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Listing provided by Steve Eckhardt, CORNERSTONE PROP.INTERNATIONAL, 813-929-3900
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 4/24/26 10:32 AM PDT.
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