One or more photo(s) has been virtually staged. NTM-1 ZONED DEVELOPMENT OPPORTUNITY WITH INCOME IN PLACE. This is a rare opportunity to acquire a cash-flowing property with confirmed NTM-1 zoning, offering significant redevelopment potential in the rapidly evolving St. Petersburg market. Situated on an 8,255 SF lot with alley access, the property supports potential development of 5–6 residential units (buyer to verify), ideal for “missing middle†housing such as duplex, triplex, or small multifamily configurations. The existing setup includes a 3-bedroom main home and a separate 1-bedroom accessory dwelling unit that will generate approximately $3,625/month, providing immediate income while planning future development. NTM-1 zoning allows for up to 30 units per acre with a maximum of 4 units per building, creating multiple viable development strategies. Both homes have been completely remodeled. New kitchens, all new paint, new roof.
Located within an Opportunity Zone, this property offers both immediate cash flow and long-term upside for investors, builders, and developers.
Property Features
Utilities
Cable Available
Cable Connected
Electricity Connected
Sewer Connected
Water Connected
Fire Place
Decorative
Living Room
Cooling Information
Wall/Window Unit(s)
Heating Information
Ductless
Water Features
Public
Basement
Crawl Space
School Information
School Information for 4105 18TH S AVENUE, ST PETERSBURG, FL 33711