About 255 6th Avenue N
One of Downtown St. Petersburg's rarest income opportunities — a historic 1925 six-unit wood-frame building nestled steps from the coveted Historic Old Northeast neighborhood in Flood Zone X. The two-story building offers 5 one-bedroom/one-bath units plus an efficiency, all individually metered for electric. A 2021 roof replacement is already complete. Current rents are significantly below appraiser-concluded market value, presenting immediate income upside through stabilization. Grandfathered six-unit density under NT-2 zoning protects a use that simply cannot be replicated with new construction in this submarket. Value-add investors will find a compelling rent-up story, strong tenant demand, and a premium location that commands quality tenants with minimal concessions. A true value-add opportunity in a market that rarely offers one.
Features of 255 6th Avenue N
| MLS® # | TB8522549 |
|---|---|
| Price | $1,200,000 |
| Square Footage | 3,234 |
| Acres | 0.08 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Multi Family (5+) |
| Status | Active |
| Disney | 77.18 miles |
Community Information
| Address | 255 6th Avenue N |
|---|---|
| Area | St Pete |
| Subdivision | KINYONS H H ADD |
| City | ST PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33701 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Water Type | Public |
| Sewer Type | Public Sewer |
Interior
| Appliances | Dishwasher |
|---|---|
| Heating | Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation | Pillar/Post/Pier |
Additional Information
| Taxes | $12,135 |
|---|---|
| Date Listed | June 23rd, 2026 |
| Days on Market | 114 |
| Zoning | MULTI-FAM |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SUNSHINEAGLE LLC |
|---|