$589,000

147 42nd Ave NE Saint Petersburg, FL 33703

$6,994
Closing credit¹
2 beds
1 bath
1,814 sqft
0.2 acres
$325 / sqft
Multi-Family

Property details

About 147 42nd Ave NE

100% Occupied – Exceptional Cash Flow & Investment Potential with Minimal Maintenance! This is a rare opportunity to acquire two concrete block homes for the price of one, offering excellent income potential with virtually no upkeep. Recently updated and well-maintained, this property consists of three fully rented units, making it the perfect addition to your investment portfolio. Whether you're interested in mid, or long-term rentals, this property has it all. Alternatively, live in one unit and rent out the others to generate passive income. Property Features: MAIN HOUSE: A charming 2-bedroom, 1-bathroom home offering spacious living and dining areas. Both bedrooms include walk-in closets, and the home boasts a private laundry room for added convenience. MOTHER-IN-LAW SUITE: A beautifully furnished 1-bedroom, 1-bathroom unit, complete with a private patio with hot tub, artificial turf, storage space, and its own laundry area. LUXURY GARAGE/STORAGE: A high-end, fully remodeled, and furnished garage that features a kitchenette, bathroom, workshop area, and generous storage options. This versatile space adds both functionality and value. The property’s design emphasizes low-maintenance living, with all units recently updated to ensure durability and minimal upkeep. Located in a desirable neighborhood with easy access to everything you need, you’ll enjoy the convenience of being just one block away from a scenic bike path leading straight to Downtown St. Petersburg. A quick 5-minute walk brings you to Publix, Whole Foods, and a variety of local amenities. Best of all, your additional income from the mother-in-law suite and garage will comfortably offset your mortgage payments, ensuring that this property is not only a great place to live but also a smart financial investment.

Highlights

Home typeTriplex
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air, Zoned
Size1,814 sqft
Lot size0.17 Acres
Year built1950
ParkingBath In Garage, Boat, Covered, Curb Parking, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Garage Faces Rear, Golf Cart Garage, Golf Cart Parking, Ground Level, Guest, Off Street, On Street, Open, Oversized, Parking Pad, RV Parking, Tandem, Workshop in Garage
MLS #TB8354617
Attached garage1 space
ViewGarden

Summary

  • MLS Number: TB8354617
  • MLS Name: MFRMLS
  • Office Name: DALTON WADE INC
  • Office Phone: (888) 668-8283
  • Listing Agent: Magdalena Chytra

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IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 1:20:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house with driveway, fence, a carport, and a front yard

$589,000

147 42nd Ave NE

$6,994

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 06, 2022
Home Sold
$470,000
Dec 21, 2020
Home Sold
$253,000

Tax history

YearAssessmentProperty Tax
2023$378,116$7,508
2022$281,565$5,152
2021$224,474$5,152
2020$194,510$4,718

History based on county public records data.

Nearby schools

3

North Shore Elementary

Public District KG-5

0.5 mi

200 35th Ave NE

5

John M. Sexton Elementary

Public District PK-5

1.8 mi

1997 54th Ave N

8

Shore Acres Elementary

Public District PK-5

1.8 mi

1800 62nd Ave NE

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $54,406. The majority of Saint Petersburg, FL residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

26%
<35k
61%
35k-100k
11%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

46%
Single, No Kids
13%
Single, with Kids
24%
Married, No Kids
17%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
6%
12-17 yrs old
21%
18-34 yrs old
46%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • NBA/WNBANBA/WNBA
  • Hiking/backpackingHiking/backpacking
  • Extreme SportsExtreme Sports

Where do the neighbors shop?

  • New York & CompanyNew York & Company
  • Nordstrom RackNordstrom Rack
  • Sam's ClubSam's Club

Where do the neighbors go to eat?

  • QdobaQdoba
  • ChipotleChipotle
  • White CastleWhite Castle

What do the neighbors drive?

  • InfinitiInfiniti
  • MazdaMazda
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • Active RockActive Rock
  • RockRock
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 147 42nd Ave NE in Saint Petersburg, FL and zip code 33703 in the North East Park neighborhood. This 1,814 square foot home, which was built in 1950, sits on a 0.17 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $589,000.

In February 2025 more than 32 listings in Saint Petersburg, FL were sold above the asking price. During the same period more than 67 listings were sold at asking price, while more than 242 were sold below. The number of homes for sale in Saint Petersburg, FL increased by 9.9% between January and February 2025. While the average time on the market in February 2025 was 60 days, the median list price was $431,523.

From Rocket Homes Real Estate and based on county public records data.

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