725 21ST AVENUE S ST PETERSBURG FL 33705 MLS #TB8517120

St. Pete Duplex with Strong Income Potential! This fully renovated (2026) two-story property offers an excellent opportunity for both investors and owner-occupants—live in one unit and rent the other, or maximize cash flow by leasing both.
Each unit features 2 bedrooms and 1 bathroom with approximately 750 sq. ft. of living space. The property is now fully vacant, presenting immediate upside with market rents estimated at $1,600 per unit—projected to generate $3,200 per month, or $38,400 in annual gross income.
Ideal for owner-occupants, this property presents a great house-hacking opportunity—buyers may be able to utilize FHA or VA financing, live in one unit, and offset their mortgage by renting out the other unit (buyer to verify loan eligibility and requirements).
Unit A (downstairs) offers laminate wood flooring throughout (with tile in the bathroom), an open-concept layout, updated kitchen with granite countertops, an eat-in area, and a spacious living room, plus a versatile den or bonus space. Unit B (upstairs) features a similar layout with luxury vinyl flooring in the main living areas and bedrooms, and tile in the kitchen and bath.
Both units include granite countertops, ceiling fans, mini blinds, and their own stackable washer and dryer for added convenience.
Exterior highlights include new fencing, including a front privacy fence that enhances curb appeal and creates a more secluded feel. Ideally located just off 9th St. S, the property is minutes from Downtown St. Petersburg, Tropicana Field, and the USF campus. Bartlett Park and the Frank H. Pierce Recreation Center are just steps away.
With strong rental demand in the area and excellent proximity to major amenities, this duplex is a prime opportunity to generate steady income and long-term value.