Ad #7239541
MLS #TB8473243
RARE FIND - TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY
1233 OAK ST NE, St. Petersburg, FL 33701
$1,499,990
8Beds
--Baths
4,938Sqft
0.1Acres
About this property
RARE FIND - TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY IN OLD NORTHEAST. The iconic *Melrose* is a boutique 8-unit residence located in the highly sought after historic *Old Northeast*. This neighborhood is recognized as one of St Petersburg's top spots to live, work, and play. Nestled in this famous enclave, which boasts red-brick roads, mature oak shade trees, and splendid homes, the Melrose is a landmark property of the area. Mediterranean architecture with global appeal, this grand building enjoys terrific visibility and brilliant curb appeal. The Melrose boasts classic Mediterranean features; thick stucco exterior walls, barrel tile ornate accents, terra cotta entry steps; and contributing to the character of the neighborhood you will find hexagonal paver sidewalk at front of building. This 2-story multifamily building includes 8 one-bedroom one-bath apartments with living room and eat in kitchens. Gracious interior common lobby, vintage hardwood flooring, newer separately metered electricity, onsite coin laundry in the detached garage building. New roof installed 2025! Efficient tankless gas hot water heater! Coin laundry provides additional revenue. Fully occupied, annual leases, long term tenants, and high-demand, rarely are there any vacancies in this building. HIGH AND DRY LOCATION, NO FLOOD INSURANCE REQUIRED. This stately property is 3 BLOCKS to popular Beach Drive NE and the vibrant urban core of downtown St Petersburg where you will find state of the art galleries, North shore Aquatic Complex, waterfront parks, the new iconic Pier, boutiques, a wide variety of restaurants, bars and live entertainment plus music and art festivals. This property is an ideal procurement for the savvy investor striving to complete a 1031 Exchange, expand a portfolio, or acquire a solid investment property in an established market.
Property Features
8 Beds
0 Baths
4,938 Sqft
Built in 1925
0.1 Acres
Garage, Off Street, On Street
Siding: Frame, Stucco
Built-Up Roof
Ductless (Heating)
$17,418 / yr property tax
Pinellas County
BAYVIEW ADD Community
Additional Photos
Contact Information
Carol Giovannoni
REMAX preferred
727-481-9909
Location
Listing Agent: Carol Giovannoni (License #: 614305) 727-481-9909
Broker: REMAX preferred 727-459-2329 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: REMAX preferred 727-459-2329 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
$1,499,990
8
Beds
--
Baths
4,938
Sqft
1233 OAK ST NE, St. Petersburg, FL 33701
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8473243
RARE FIND - TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY
$1,499,990
1233 OAK ST NE, St. Petersburg, FL 33701
8
Beds
--
Baths
4,938
Sqft
0.1
Acres
$1,499,990
1233 OAK ST NE, St. Petersburg, FL 33701
8 Beds
-- Baths
4,938 Sqft
0.1 Acres
RARE FIND - TIMELESS MEDITERRANEAN MULTIFAMILY INCOME PROPERTY IN OLD NORTHEAST. The iconic *Melrose* is a boutique 8-unit residence located in the highly sought after historic *Old Northeast*. This neighborhood is recognized as one of St Petersburg's top spots to live, work, and play. Nestled in this famous enclave, which boasts red-brick roads, mature oak shade trees, and splendid homes, the Melrose is a landmark property of the area. Mediterranean architecture with global appeal, this grand building enjoys terrific visibility and brilliant curb appeal. The Melrose boasts classic Mediterranean features; thick stucco exterior walls, barrel tile ornate accents, terra cotta entry steps; and contributing to the character of the neighborhood you will find hexagonal paver sidewalk at front of building. This 2-story multifamily building includes 8 one-bedroom one-bath apartments with living room and eat in kitchens. Gracious interior common lobby, vintage hardwood flooring, newer separately metered electricity, onsite coin laundry in the detached garage building. New roof installed 2025! Efficient tankless gas hot water heater! Coin laundry provides additional revenue. Fully occupied, annual leases, long term tenants, and high-demand, rarely are there any vacancies in this building. HIGH AND DRY LOCATION, NO FLOOD INSURANCE REQUIRED. This stately property is 3 BLOCKS to popular Beach Drive NE and the vibrant urban core of downtown St Petersburg where you will find state of the art galleries, North shore Aquatic Complex, waterfront parks, the new iconic Pier, boutiques, a wide variety of restaurants, bars and live entertainment plus music and art festivals. This property is an ideal procurement for the savvy investor striving to complete a 1031 Exchange, expand a portfolio, or acquire a solid investment property in an established market.
187 days
on BeachHouse.com
149
views
0
saves
Property Details
HOME DETAILS
8 Beds
0 Baths
4,938 Sqft
Built in 1925
0.1 Acres
EXTERIOR
Garage, Off Street, On Street
Siding: Frame, Stucco
Built-Up Roof
INTERIOR
Ductless (Heating)
FINANCIAL & COMMUNITY
$17,418 / yr property tax
Pinellas County
BAYVIEW ADD Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7239541
Viewed
149 times
Listing Status
Pending
Added
Feb 06, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8473243
Listing Agent: Carol Giovannoni (License #: 614305) 727-481-9909
Broker: REMAX preferred 727-459-2329 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: REMAX preferred 727-459-2329 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.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
