135 NE MADISON CIRCLE N St Petersburg, FL $ 700,000
135 NE MADISON CIRCLE N
$ 700,000
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135 NE MADISON CIRCLE N

St Petersburg, FL, 33702
$ 700,000
Bedrooms6 Baths5.0 Sq 2,899

Monthly Estimate*

$ 4,310

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Multi-Family Home for sale in St Petersburg, FL

for $700,000 with 6 bedrooms and 5 full baths. This 2,899 square foot home was built in 1972 on a lot size of 0.24.

A standout income-producing opportunity, 135 N.E. Madison Circle N. delivers the kind of reliability, condition, and location that investors look for but rarely find. This well-kept five-unit building features four 1-bedroom residences and one spacious 2-bedroom unit, offering a balanced mix of rental appeal and steady occupancy. The exterior presents beautifully, with clean lines, fresh paint from just a couple of years ago, and new gutters that efficiently manage rainwater. Each unit is equipped with a screen door, allowing residents to enjoy natural airflow and Florida’s breezes. Inside, Units #1, #4, and #5 have been upgraded with new baths, kitchen cabinetry, and appliances, elevating both comfort and rental value. Every resident benefits from separate water and sewer meters, a rare and desirable feature that keeps operating expenses predictable and streamlined. There is a Strong Appeal for Tenants as The property sits just off the highly traveled 4th Street N. corridor, one of St. Petersburg’s most convenient and amenity-rich stretches. Shopping, restaurants, grocery stores, automotive services, and countless daily conveniences line the corridor, making life easy for residents and keeping demand consistently high. A Location That Drives Long-Term Value Beyond the immediate conveniences, the property is minutes from the world-famous Gulf beaches, St. Pete–Clearwater and Tampa International Airports, and vibrant downtown St. Petersburg. Art, culture, dining, and entertainment—including the renowned Dali Museum—are all within quick reach, reinforcing the property’s desirability for both short- and long-term tenants. This is a rare chance to acquire a clean, well-maintained, income-producing asset in one of St. Petersburg’s most accessible and high-demand areas. NO HURRICANE OR FLOOD DAMAGE !

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Multi-Family Active

Price

$ 700,000

Bedrooms

6

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,641

Style

Multi Family (5+)

Lot Size

0.24

Year Built

1972

Town/City

St Petersburg

County/Region

Pinellas

MLS | Web ID

TB8482251

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Public
Possession Close Of Escrow
Roof Shingle
Appliances Range Refrigerator
Construction Materials Stucco
Year Built 1972
Tenant Pays Electricity Sewer Water
Levels One
Property Subtype Multi Family (5+)
Tax Year 2025
Ownership Fee Simple
Gross Income 63840
County Pinellas
New Construction false
Property Type Residential Income
Subdivision Name NORTH ST PETERSBURG
Garage Y/N false
Status Active
Directions 4th Street N. Turn East onto N.E. Madison Circle N. follow 1 Block to 135 N.E. Madison circle on your left.
High School Northeast High-PN
City ST PETERSBURG
Senior Community Y/N false
Number Of Units Total 5
MLS Area 33702 - St Pete
Lot Size Units Square Feet
Lot Size Square Feet 10258
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Shore Acres Elementary-PN
Land Lease Y/N false
Tax Annual Amount 8641.04
Middle/Junior High School Meadowlawn Middle-PN
Property Condition Completed
Ok to Lease 12 Months
Additional Parcels Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8482251
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 17
Legal Description NORTH ST PETERSBURG BLK 9 LOT 17 & NW'LY 1/2 OF LOT 18
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Interior Amenities Ceiling Fan(s) Kitchen/Family Room Combo Open Floorplan Walk-In Closet(s)
Flooring Ceramic Tile
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features None
Total Bedrooms 6
Total Baths 5
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Exterior
Exterior Amenities Rain Gutters Sidewalk
Lot Features City Lot In County Level Near Public Transit
Water Source Public
Lot Size Area 10258
Foundation Details Slab
Number of Buildings 1
Lot Dimensions 82 x 130
Lot Size Acres 0.24
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded Features
List By
Bhhs Florida Properties Group

Broker

abrock@bhhsflpg.com

Email

Affordability Calculator

$5,030
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,310
Monthly Property Taxes
$720
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Northeast High-PN High School High School
Pricing History
DatePricePrice ChangeDescription
3/24/2026$700,000 Listed Price

Map


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135 NE MADISON CIRCLE N, St Petersburg, FL, 33702 is a Multi-Family Home for sale at $700,000 with 2,899 sqft and a lot size of 0.24. 135 NE MADISON CIRCLE N has 6 bedrooms, 5.0 baths, and was built in 1972. The property's zip code is 33702 which is in St Petersburg, FL