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About this home
1331 16th St S is a home in Mansfield Heights, St Petersburg. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Adjacent Lot for sale as well. Don't miss this Investment Opportunity in Downtown St Petersburg. Take Advantage of this Vacant, Cleared Lot/ Ready to Build with approved plans for a duplex consisting of two, 3 bedrooms and 1 baths (Possible rezoning for quadplex). Buy, Build and Hold for substantial Cash flow and Future Appreciation. Your new construction multi family home will make an excellent opportunity to offer Affordable Housing in the city. St Pete Housing Authority offers Vouchers up to $2580 for a 3 bedroom and up to $3140 for a 4 bedroom in this location (per 2026 HUD Fair market Rents). Or build your own single family home and enjoy City Life and the Beaches alike. This lot is located just .8 of a mile to Tropicana Field, 1 mile to Central AVE. Walking/ Biking Distance to everything downtown St Pete has to offer! Double your ROI and purchase the adjacent lot as well. This opportunity is a prime candidate to capitalize on the city's growing housing demands while procuring a lucrative investment.
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The essentials
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Details
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$175,000
Time on market
119 days
Monthly payment
About $1,072/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $855 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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