Ad #7604396
MLS #TB8499673
Melrose Place Apartments is a unique 7 unit multifamily property
121 18TH AVE N, St. Petersburg, FL 33704
$2,500,000
--Beds
--Baths
3,180Sqft
0.14Acres
About this property
Melrose Place Apartments is a unique 7 unit multifamily property situated among luxury homes in Historic Old Northeast St Petersburg, Florida. Living here means tenants are minutes to the iconic *Beach Drive Scene*, St Pete's de facto hub for an expansive variety of fine dining and entertainment, nightlife, and chic galleries. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes, exquisite Historic Old Northeast is considered by many St Pete's most affluent and thought after neighborhood. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city's multitude of attractions include the New Pete Pier, Watch Discovery Center and Museum of History, to name a few. Each of the Melrose Place one-bedroom one-bath apartments, averaging approximately 600 sq ft, recently underwent a full gut-rehab down to the studs. Tenants sign traditional 12-month leases. One apartment is partially furnished. Based on the Seller's current income and taking into consideration the Buyer's projected year-one expenses, which do reflect the Appraiser's estimated Real Estate Tax increase, the current Price represents approximately a 4 Cap. All utilities, as well as Internet / WiFi connectivity, are paid by the Owner via master meters with full reimbursement for monthly charge to tenants. Subject to all other terms and conditions, Owner will consider Seller Financing and providing ongoing Management Services. Acquisition of Melrose Place is ideally suited for discerning investors seeking to establish a foothold in Historic Old Northeast. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Melrose Place Apartments.
Property Features
0 Beds
0 Baths
3,180 Sqft
Built in 1921
0.14 Acres
Siding: Block, Frame, Stucco
Shingle Roof
Central, Ductless (Heating)
$7,438 / yr property tax
Pinellas County
BARRD ERASTUS A S REV SUBJAVASCRIPT:__DOPOSTBACK Community
Additional Photos
Contact Information
Kyle Collins
RE/MAX Action First
727-729-0689
Location
Listing Agent: Kyle Collins (License #: 3446512) 727-729-0689
Broker: RE/MAX Action First 727-443-6700 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX Action First 727-443-6700 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$2,500,000
--
Beds
--
Baths
3,180
Sqft
121 18TH AVE N, St. Petersburg, FL 33704
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8499673
Melrose Place Apartments is a unique 7 unit multifamily property
$2,500,000
121 18TH AVE N, St. Petersburg, FL 33704
--
Beds
--
Baths
3,180
Sqft
0.14
Acres
$2,500,000
121 18TH AVE N, St. Petersburg, FL 33704
-- Beds
-- Baths
3,180 Sqft
0.14 Acres
Melrose Place Apartments is a unique 7 unit multifamily property situated among luxury homes in Historic Old Northeast St Petersburg, Florida. Living here means tenants are minutes to the iconic *Beach Drive Scene*, St Pete's de facto hub for an expansive variety of fine dining and entertainment, nightlife, and chic galleries. Popular for its proximity to downtown, expansive waterfront parks, leafy redbrick avenues, and stately homes, exquisite Historic Old Northeast is considered by many St Pete's most affluent and thought after neighborhood. Nearby waterfront Vinoy Park on Tampa Bay offers acres of lush green space, a sports and aquatic complex, fitness trails, a dog park, and beach volleyball. The city's multitude of attractions include the New Pete Pier, Watch Discovery Center and Museum of History, to name a few. Each of the Melrose Place one-bedroom one-bath apartments, averaging approximately 600 sq ft, recently underwent a full gut-rehab down to the studs. Tenants sign traditional 12-month leases. One apartment is partially furnished. Based on the Seller's current income and taking into consideration the Buyer's projected year-one expenses, which do reflect the Appraiser's estimated Real Estate Tax increase, the current Price represents approximately a 4 Cap. All utilities, as well as Internet / WiFi connectivity, are paid by the Owner via master meters with full reimbursement for monthly charge to tenants. Subject to all other terms and conditions, Owner will consider Seller Financing and providing ongoing Management Services. Acquisition of Melrose Place is ideally suited for discerning investors seeking to establish a foothold in Historic Old Northeast. Investors interested in acquiring a high-quality, turnkey, generational family asset to satisfy a pending 1031 Exchange, or expand and enhance a portfolio of high-quality real estate investments will want to tour and be compelled to acquire Melrose Place Apartments.
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Property Details
HOME DETAILS
0 Beds
0 Baths
3,180 Sqft
Built in 1921
0.14 Acres
EXTERIOR
Siding: Block, Frame, Stucco
Shingle Roof
INTERIOR
Central, Ductless (Heating)
FINANCIAL & COMMUNITY
$7,438 / yr property tax
Pinellas County
BARRD ERASTUS A S REV SUBJAVASCRIPT:__DOPOSTBACK Community
See More Details
Location
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Ad Statistics
Ad Number
7604396
Viewed
0 time
Listing Status
Active
Added
Apr 21, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8499673
Listing Agent: Kyle Collins (License #: 3446512) 727-729-0689
Broker: RE/MAX Action First 727-443-6700 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: RE/MAX Action First 727-443-6700 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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