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#TB8334819, John Hatcherian, Listing Office: VINTAGE REAL ESTATE SERVICES
$8,253
closing credit¹
1757 Russell St S Saint Petersburg, FL 33712
$695,000 List price
$8,253
Closing credit¹
8 beds
4 baths
2,500 sqft
0.1 acres
$278 / sqft
Multi-Family
Property details
About 1757 Russell St S
**QUADPLEX Investment Opportunity in St. Petersburg!** Welcome to 1757 Russell St, a cash-flowing investment property that consists of four fully occupied units, each featuring 2 bedrooms and 1 bathroom. This property is ideal for savvy investors looking for steady income, as all units are currently rented to housing authority voucher recipients under annual lease agreements. The tenants are responsible for their own electric bills, while the landlord covers water expenses, making management straightforward and efficient. Each unit has been thoughtfully updated, ensuring a welcoming environment for residents and reducing the need for immediate repairs or renovations. This hidden gem offers significant potential for increased rental income. With three units occupied by one-bedroom voucher recipients, there is an opportunity to raise rents by $300 to $500 per month per unit at time of lease renewal. This would enhance your investment returns and maximize the property's profitability. Don’t miss out on this fantastic opportunity to own a well-maintained, cash-flowing multifamily property in a growing market. Don't miss out on this amazing opportunity!
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Size2,500 sqft
Lot size0.15 Acres
Year built1962
MLS #TB8318076
Virtual tour
Summary
- MLS Number: TB8318076
- MLS Name: MFRMLS
- Office Name: INSTA REAL ESTATE SOLUTIONS
- Office Phone: (813) 586-0654
- Listing Agent: Charles Rountree, P.A.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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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: 2/12/2025, 2:20:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$695,000
1757 Russell St S
$8,253
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 30, 2023 | Home Sold | $532,000 |
| Oct 08, 2019 | Home Sold | $267,000 |
| May 04, 2011 | Home Sold | $35,000 |
| Jul 14, 2006 | Home Sold | $280,000 |
| Jul 06, 2005 | Home Sold | $180,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $300,000 | $4,702 |
| 2022 | $250,000 | $4,174 |
| 2021 | $173,400 | $4,174 |
| 2020 | $160,174 | $3,645 |
| 2019 | $138,434 | $2,984 |
| 2018 | $96,154 | $2,310 |
| 2017 | $92,465 | $1,959 |
History based on county public records data.
Nearby schools
5
Melrose Elementary
Public Magnet PK-5
0.3 mi
•1752 13th Ave S
6
Perkins Elementary School
Public Magnet PK-5
0.4 mi
•2205 18th Ave S
6
Midtown Academy
Public Magnet KG-5
0.6 mi
•1701 10th St S
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,143. The most common annual income of people living in Saint Petersburg, FL is less than $<35k. Most families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
60%
<35k
40%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
62%
Single, No Kids
22%
Single, with Kids
10%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
19%
18-34 yrs old
46%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Big Lots
Burlington
Where do the neighbors go to eat?
Burger King
Church's Chicken
Golden Corral
What do the neighbors drive?
Buick
Cadillac
Kia
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1757 Russell St S in Saint Petersburg, FL and zip code 33712 in the Melrose Mercy / Pine Acres neighborhood. This 2,500 square foot home, which was built in 1962, sits on a 0.15 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 5, 2024 and is currently priced at $695,000.
Saint Petersburg, FL housing market in January 2025 saw over 21 listings sold above listed price, more than 60 sold at listed price and over 228 sold below. The number of homes for sale in Saint Petersburg, FL increased by 10.9% between December and January 2025. While the average time on the market in January 2025 was 56 days, the median list price was $431,000.
From Rocket Homes Real Estate and based on county public records data.