1. Florida
2. St Petersburg
3. 516 NORTHMOOR AVENUE N

516 NORTHMOOR AVENUE N, St Petersburg, FL 33702

• 1,676 sqft

Property Description

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!

Listing Status:

Active

Date Added:

June 15, 2025 at 05:00AM

Listing Office:

INSTA REAL ESTATE SOLUTIONS : 813-586-0654

Listing Agent:

Michael Schultz : 727-463-2274

MLS ID:

TB8397028

Interior

• General: Ceiling Fan(s)
• Rooms: Interior In-Law Suite w/Private Entry
• Appliances: DishwasherElectric Water HeaterMicrowaveRangeRefrigerator
• Laundry: Inside
• Flooring: Ceramic TileLaminate
• A/C: Central AirWall/Window Unit(s)
• Heating: Electric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Michael Schultz, INSTA REAL ESTATE SOLUTIONS