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4 Beds
2 Baths
1,448 sqft

$399,000

4502 9TH AVE S, ST PETERSBURG FL, 33711

Price per sqft$275.55
Built in1925
Property size1,448 sqft
Property typeResidential
Courtesy of KELLER WILLIAMS ST PETE REALTY, Matt Kreger  Listing Contact: [email protected]

Overview

Active

Listed Oct 3, 2026

Updated 8h ago

Charming 1925 Bungalow with Detached Apartment: Live In One, Rent the Other, or Invest in Both. Classic character meets smart income potential. This 3-bedroom, 1-bath 1925 bungalow comes with a detached 1-bedroom apartment in the back, giving you the flexibility to live in one and rent the other, house-hack your way to a lower monthly payment, or build a two-unit rental portfolio in a single purchase. The main house has the warmth and craftsmanship that only a 1920s bungalow can offer, with major updates already done for you. Within the past two years, it received a new roof, a new A/C system, a new hot water heater, and several new windows, so you can skip the big-ticket surprises and get right to enjoying it.The detached 1-bedroom unit is equally well prepared, with all-new windows and brand new central heat and air. It's private, efficient, and already has a tenant in place giving you immediate income. Each unit has its own dedicated parking, a rare and valuable perk for a two-unit property. Tenants and owners alike will appreciate the convenience and separation. This property is positioned to meet the coveted 1% rule for investors through the Section 8 program. For Fiscal Year 2026, HUD fair market rents are $2,900 for the front house and $1,950 for the 1-bedroom back unit, with both figures scheduled to increase in Fiscal Year 2027. That's strong, reliable income potential with updated systems that help keep maintenance costs in check.Whether you're an owner-occupant looking for rental income to offset your mortgage, or an investor seeking cash flow with low-maintenance upgrades, this property delivers options that are hard to find. Schedule your private showing today.

$2,655/mo

Est. mortgage payment based on a $399,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
TB8544687

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$5,458
Tax Frequency
Annually
Association Fee Frequency
Monthly
Pets Allowed
Yes
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Madison Wells shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 5:49 PM UTC on 10/4/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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