944 18th Avenue S, Saint Petersburg, FL 33705
Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
Listed by: david shaw, kathryn shaw
Office: atlas realty group
MLS#:TB8447251
Source:MFRMLS
Price summary
- Price:$465,000
- Price per sq. ft.:$240.06
About this home
Fully Renovated Home & ADU on a Rare Double-Lot: This Cash Flow & Development Opportunity. This is a unique offering where immediate rental income meets massive future development potential in prime South St. Pete.
The Ready-to-Go Income Property (Vacant, renovated & Move-In Ready)First and foremost, this property is a completely updated, hassle-free rental machine, ready for immediate occupancy or tenant placement. Generate income instantly while planning your next future wealth. Features: Main House 3 bed 1 bath Fully renovated with solid hardwood flooring and dedicated laundry area.Separate ADU 1bed 1bath spacious unit with an updated kitchen, large living room, and private entrance.
Low Maintenance: Both units feature a New Roof (2021) and New AC (2018).Easy Management: Utilities are completely separated, with individual power and water meters for both units.
The Developer's Dream: Rare NTM-1 Zoning on a Double LotThe massive 12,700 sq ft lot is zoned NTM-1 (New Town Mixed-Use 1)—the most critical feature that sets this property apart. This high-density zoning unlocks extraordinary development potential, allowing for up to 8 total residential units.RARE Double Lot: A sprawling 100 x 127 lot (12,700 Sq Ft) perfect for phased development.
Phase 1 (Immediate Build): The vacant portion of the lot is approved for the construction of up to 3-4 additional dwelling units under the NTM-1 zoning.
Phase 2 (Ultimate Upside): Construct up to an ADDITIONAL 4 units after utilizing the existing structures for a total potential build-out of 8 dwelling units or a mixed-use project.(Buyer to verify all development projections with the City of St. Petersburg.)
Unbeatable Location: Growth is Here Enjoy significant property appreciation surrounded by major development in this rapidly gentrifying corridor.
1 Mile Radius: Walk or bike to the thriving ARC Innovation District, Bayfront Health Medical Center, and the vibrant energy of Downtown St. Petersburg.Security: Secure your foothold in one of St. Pete's most rapidly appreciating neighborhoods.This is the ultimate combination of immediate cash flow from a beautiful, renovated duplex and massive future wealth creation potential through high-density zoning.
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Home facts
- Year built:1938
- Listing ID #:TB8447251
- Added:1 day(s) ago
- Updated:November 13, 2025 at 05:06 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:2
- Full bathrooms:2
- Living area:1,713 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1938
- Building area:1,713 sq. ft.
- Lot area:0.29 Acres
Schools
- High school:Gibbs High-PN
- Middle school:John Hopkins Middle-PN
- Elementary school:Campbell Park Elementary-PN
Utilities
- Water:Public, Water Available
- Sewer:Public, Public Sewer, Sewer Available, Sewer Connected
Finances and disclosures
- Price:$465,000
- Price per sq. ft.:$240.06
- Tax amount:$5,241 (2025)
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