Listing Details for MLS # TB8486365
1201 Highland Street N, St Petersburg, Fl 33701

Residential Property - Single Family Residence in St Petersburg

Listing Price: $900,000Days on Market: 4

Description of Property

One or more photo(s) has been virtually staged. Welcome to a rare and beautifully appointed multi-unit investment opportunity in the highly sought-after Crescent Lake neighborhood of St. Petersburg. Situated on a prime corner lot, this unique property features two distinct homes totaling 2,242 square feet, offering exceptional flexibility for rental income, multi-generational living, or a combination of both. The main bungalow offers inviting living spaces, a charming front porch, and a spacious patio surrounded by lush, fruit-bearing landscaping—creating a warm and appealing setting for tenants, guests, or owners alike. The detached second home adds significant value and income potential, featuring two separate living spaces, each with its own full kitchen, making it ideal for short-term or long-term rentals, guest accommodations, or extended family. Located just moments from Crescent Lake Park, downtown St. Petersburg, and an array of popular dining, shopping, and waterfront destinations, this property offers strong rental appeal in one of the area’s most desirable locations. Additional highlights include new vinyl fence, new hardscaping, well irrigation, recent termite tenting, new appliances, four parking spaces, and outdoor areas for all occupants—making this a truly exceptional opportunity for investors seeking versatility, cash flow, and long-term value. One or more photos have been virtually staged. Multi-unit, package deal with 833 12TH AVE NThe average asking price for a 5 bedroom/3 bath single family residence in this Zip code is $1,800,000. This single family residence is listed at about 50% of the average asking price. This is the only 5 bedroom/3 bath single family residence between $800,000 and $1,000,000 currently listed for sale in this Zip code.