THE HISTORIC NORTH KENWOOD COMPOUND. Start your compound in the heart of St. Petersburg. Some properties are simply investments. Others become a lifestyle, a legacy, and a place for generations to gather. Set on an oversized 11,430-square-foot double lot in Historic North Kenwood, this rare four-unit property offers flexibility that… Read More is becoming increasingly difficult to find. Live in one unit and generate income from the others. Create a multigenerational compound. Build an urban homestead. Or simply enjoy owning a piece of St. Petersburg history with room to grow. The centerpiece of the property is a beautifully restored residence featuring soaring 12-foot ceilings, original hardwood floors, restored crown molding, updated kitchen and bath, new windows, and new HVAC. Historic character and modern comfort come together in a way that cannot be replicated today. The property currently offers four separate living spaces, creating opportunities for owner-occupants, investors, extended families, creatives, remote workers, and entrepreneurs seeking flexibility under one roof. Recent improvements include: New roof serving all units, Updated electrical systems, Renovated kitchens and baths, New HVAC systems, New windows, Fresh interior and exterior paint, Restored historic architectural details. But what truly sets this property apart is the land. The oversized double lot creates possibilities rarely found this close to downtown St. Petersburg. Imagine harvesting fruit from your own trees, cultivating raised garden beds, creating an urban farm, gathering fresh eggs, building a greenhouse, designing a private courtyard, adding outdoor entertainment areas, installing a putting green, creating play spaces, or simply enjoying room to breathe in the middle of the city. Few properties allow you to combine income-producing real estate, historic architecture, and a modern homestead lifestyle in one location. Located just minutes from downtown St. Petersburg, the Grand Central District, Booker Creek Park, restaurants, breweries, coffee shops, and waterfront attractions, this property delivers both convenience and opportunity. Whether your vision is a family compound, urban farm, income-producing residence, house-hack, multigenerational estate, or long-term wealth-building asset, this property provides a foundation that is increasingly difficult to acquire. They aren't making more historic double lots. Bring your vision. Create the lifestyle. Build your compound.
OWNER-OCCUPANT OPPORTUNITY
Qualified buyers may be eligible for owner-occupied multifamily financing programs designed for two- to four-unit properties. Certain renovation loan programs may allow buyers to finance both acquisition and eligible improvements through a single mortgage, creating the opportunity to customize, modernize, and add value while living on-site. Current conforming loan limits for owner-occupied four-unit properties exceed $1.6 million, subject to lender requirements, appraisal, underwriting approval, and program guidelines. Buyers should independently verify financing options, renovation eligibility, loan limits, zoning, permitting, and any intended future use of the property. Read Less
Courtesy of FULTON GRACE REALTY 772-888-3076
Listing Snapshot
Days Online
15
Last Updated
Property Type
Quadruplex
Beds
5
Square Ft.
2,300
Lot Size
0.26 Acres
Year Built
1935
MLS Number
TB8519512
Additional Details
Property Access
Road Surface: Paved
Building
Built in 1935, Living area: 2300, Living area units: Square Feet, Construction Materials: Frame
Cooling
Wall/Window Unit(s)
Exterior Features
Fence, Storage
Floors
Tile, Wood
Heating
Baseboard
Interior Features
High Ceilings
Laundry
Common Area
Lot
0.26 acres, Historic District, Near Public Transit, Oversized Lot, Sidewalk, Paved
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 14-31-16-57258-002-0090, Public Survey Range: 16, Public Survey Section: 14, Annual Amount: $16,533, Tax Block: 2, Tax Book Number: 6-70, Legal Description: MELROSE SUB 1ST ADD BLK 2, LOTS 9 AND 10, Lot: 9, Year: 2025
Utilities
Cable Available, Electricity Connected, Sewer Connected, Water Source: Public
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