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About this home
1139 40th St S is a 1959-built home in Paines Sub, St Petersburg. Inside you'll find 4 bedrooms, 4 bathrooms, and 1,760 square feet of living space. Listed at $399,900 (about $227/sqft), 19 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple. All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down. A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents. Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
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The essentials
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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
$399,900
$227 per sq ft
Beds and baths
4 beds, 4 baths
Size
1,760 sq ft
Time on market
19 days
Year built
1959
Monthly payment
About $2,712/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $5,116 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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