121 18TH AVENUE N | St Petersburg

$2,500,000 | 3,180 Sq. Ft.

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. StellarMLS TB8499673

Directions to property: From its intersection with 4th St N, proceed east on 22nd Ave N to 2nd St N then turn right (south). Proceed to 18th Ave N and turn left (east). Proceed to the Property on the left (north) side of 18th Ave N.

MLS Listing ID: 
StellarMLS TB8499673
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
St Petersburg
Address: 
121 18TH AVENUE N, St Petersburg, FL 33704, US
County: 
Pinellas
Community Information
Subdivision: 
BARNARD ERASTUS A S REV SUBJAVASCRIPT:__DOPOSTBACK
Building Details
Details about the building on a property.
Year Built: 
1921
New Construction: 
0
Living Area: 
3,180
Construction
Construction Materials: 
Block, Stucco, Wood Frame
Foundation Details: 
Slab
Roof: 
Shingle
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Central, Wall Units / Window Unit
Cooling System: 
Central Air, Wall/Window Unit(s)
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
6,307
Lot Size (Dimensions): 
50 x 125
Waterfront: 
0
Public Record
Parcel Number: 
073117027540160190
Annual Tax: 
$7,438.47
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/20/2026
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Kyle Collins
Listing Co-Agent Name: 
Christopher Rogers
Listing Office Name: 
RE/MAX ACTION FIRST OF FLORIDA
Listing Co-Office Name: 
RE/MAX ACTION FIRST OF FLORIDA