135 NE MADISON CIRCLE N

$700,000

$241/sq ft

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Overview

Bedroom

6

Year Built

1972

Sqft

2899

Property Type

Multi Family (5+)

Property Description

Under contract-accepting backup offers. A standout income-producing opportunity, 135 N.E. Madison Circle N. delivers the kind of reliability, condition, and location that investors look for but rarely find. This well-kept five-unit building features four 1-bedroom residences and one spacious 2-bedroom unit, offering a balanced mix of rental appeal and steady occupancy. The exterior presents beautifully, with clean lines, fresh paint from just a couple of years ago, and new gutters that efficiently manage rainwater. Each unit is equipped with a screen door, allowing residents to enjoy natural airflow and Florida’s breezes. Inside, Units #1, #4, and #5 have been upgraded with new baths, kitchen cabinetry, and appliances, elevating both comfort and rental value. Every resident benefits from separate water and sewer meters, a rare and desirable feature that keeps operating expenses predictable and streamlined. There is a Strong Appeal for Tenants as The property sits just off the highly traveled 4th Street N. corridor, one of St. Petersburg’s most convenient and amenity-rich stretches. Shopping, restaurants, grocery stores, automotive services, and countless daily conveniences line the corridor, making life easy for residents and keeping demand consistently high. A Location That Drives Long-Term Value Beyond the immediate conveniences, the property is minutes from the world-famous Gulf beaches, St. Pete–Clearwater and Tampa International Airports, and vibrant downtown St. Petersburg. Art, culture, dining, and entertainment—including the renowned Dali Museum—are all within quick reach, reinforcing the property’s desirability for both short- and long-term tenants. This is a rare chance to acquire a clean, well-maintained, income-producing asset in one of St. Petersburg’s most accessible and high-demand areas. NO HURRICANE OR FLOOD DAMAGE !

Property Details

MLS#

TB8482251

Address

135 MADISON NE

City

St Petersburg

State/county

FL

Zip/Postal Code

33702

Area

North St Petersburg

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$8,641

Maint Fee

$--

Tax Year

2025

Range

Refrigerator

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Boris Gelfand