516 Northmoor Avenue N, ST PETERSBURG, FL 33702
Local realty services provided by:Better Homes and Gardens Real Estate Synergy



516 Northmoor Avenue N,ST PETERSBURG, FL 33702
$389,500
- 5 Beds
- 3 Baths
- 1,676 sq. ft.
- Multi-family
- Pending
Listed by:michael schultz
Office:insta real estate solutions
MLS#:TB8397028
Source:MFRMLS
Price summary
- Price:$389,500
- Price per sq. ft.:$221.81
About this home
Investor Opportunity – Single Family Home with In-Law Suite, Dual Kitchens, Separate Entrances & New Roof, and a potential 9 Cap.
This single-family home, zoned as such, is a versatile and income-producing asset in the heart of St. Petersburg. With one water meter and one electric meter, the layout is ideal for dual living — offering two private entrances, two full kitchens, and clear separation between spaces, making it perfect for house hacking, long-term rental, or multi-generational living.
The main unit includes 3 bedrooms and 1 bath (using the enclosed porch as a third bedroom), and the permitted in-law suite (built in 2000) features 2 bedrooms, 1.5 baths, a private kitchen, and separate alley entrance with an electric gate and covered carport — great for RVs, boats, or work vehicles.
Property Features:
Zoned Single-Family Residential
New Roof (2025) – major improvement completed
Two full kitchens and separate entrances
Separate in-law suite ideal for rental income
Two backyard sheds for additional storage
Fenced yard with room for pets, gardening, or outdoor use and an electric gate.
A single set of utilities keeps costs simple
Rental Income & Investment Potential:
Projected Gross Rent: $4,500/month or $54,000/year
Estimated NOI (after estimated expenses): $37,800/year
At a $419,000 price point, this yields an impressive 9 Cap.
Live in one unit and rent the other, or lease both for maximum ROI. This property offers built-in flexibility and is located in a desirable area close to major roads, shopping, schools, and parks.
Don’t miss out on this high-performing investment property — schedule your private showing today!
Contact an agent
Home facts
- Year built:1967
- Listing Id #:TB8397028
- Added:64 day(s) ago
- Updated:August 19, 2025 at 06:00 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Living area:1,676 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Membrane
- Year built:1967
- Building area:1,676 sq. ft.
- Lot area:0.15 Acres
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer, Sewer Connected
Finances and disclosures
- Price:$389,500
- Price per sq. ft.:$221.81
- Tax amount:$968 (2024)
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