1225 2nd St N, St Petersburg, FL 33701

Prime Turn-Key Triplex in Highly Sought-After Old Northeast

This impeccably maintained, turn-key 1950/1951 block construction triplex sits on a rare .22-acre corner lot in a non-flood zone, offering timeless curb appeal, vintage charm, and exceptional income potential. The property features two spacious 2-bedroom, 2-bath units (each approximately 1,125 sq ft) and one 1-bedroom, 1-bath apartment (576 sq ft), all showcasing original hardwood floors, cedar-lined closets, and classic built-ins for storage. Each unit enjoys private laundry, while the larger units include private outdoor spaces with sun decks, perfect for relaxed Florida living. Throughout the property, unique decorative scalloped arches and retro-style bathrooms with colorful vintage tile highlight the home's mid-century character and Mediterranean-inspired design. The exterior has been thoughtfully updated with new paint, fencing, and soffits, surrounded by beautiful landscaping that enhances its curb appeal. Additional features include a well on the property, 2-car garage, carport, and multiple off-street parking spaces, along with an additional storage area that could be leased separately. Major systems are in excellent condition with a 2008 roof rated for a 50-year lifespan, HVAC systems between 3-5 years old, and a mini split unit in the garage. Located just minutes from downtown St. Petersburg, the St. Pete Pier, North Shore Park, and the 4th Street corridor, this property places tenants near restaurants, shops, cafes, and waterfront recreation. Old Northeast remains one of St. Pete's most prestigious and walkable neighborhoods, known for its tree-lined streets, historic architecture, and strong rental demand. With current below-market rents, this triplex presents an immediate opportunity to increase income or explore long-term redevelopment potential on an oversized lot. Whether as an owner-occupied investment or a portfolio addition, this Old Northeast gem delivers enduring value, steady cash flow, and unbeatable location. Check out video tour: https://youtu.be/adu6CG8I_f4?si=9G1-ASlJU9_Flc-p