4 Beds
5 Baths
2,426 SqFt
4 Beds
5 Baths
2,426 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,426 sqft
Price per Sqft $360
Subdivision Cashwells 2Nd Sub
MLS Listing ID TB8454457
Bedrooms 4
HOA Y/N No
Year Built 1922
Annual Tax Amount $7,021
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x110
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
The Dartmoor House presents a rare opportunity to acquire a beautifully preserved 1920s multifamily asset in the heart of Historic Uptown, just steps from Downtown St. Petersburg. In a high and dry No Flood Zone location, this legal five-unit building combines classic architectural character with updated systems, simple management, and strong renter appeal in one of the city's most desirable walkable corridors.
Each residence features a private entry, hardwood and tile flooring, high ceilings, ceiling fans, and abundant natural light. Every unit offers its own outdoor area - from screened porches to covered patios - and the shared, fully fenced courtyard creates an inviting communal space that enhances tenant satisfaction and retention. Parking is a valuable advantage in this neighborhood, with each unit assigned one off-street space in the rear gravel lot.
From an investment standpoint, the property is structured for ease of management. Electric service is separately metered for all five units, four units reimburse a proportional share of the master-metered water, and natural gas, paid by the owner, supports a single gas water heater serving the building. HVAC setups include a mix of window/wall A/C units for Units 1–3 and central A/C systems for Units 4–5. Major improvements include updated electrical, 2023 gas water heater, 2024 central A/C system for Unit 4, and a transferable drywood termite warranty. The roof was replaced in 2005 and remains in solid condition. Value add possibilities remain for an investor seeking further upside through strategic improvements.
The location further strengthens the investment profile. Just one block from Starbucks and moments from downtown's restaurants, museums, breweries, theaters, the St. Pete Pier, Beach Drive, and waterfront parks, the property sits in a prime demand generator for steady rental interest. Crescent Lake Park is nearby, offering walking trails, recreation, and tennis courts, with quick access to I-275 and award-winning Gulf beaches less than 10 miles away.
With its historic charm, updated systems, walkable lifestyle, High and Dry No Flood Zone location, and consistently strong rental demand, The Dartmoor House offers investors a compelling opportunity to own a stabilized, high-appeal asset in one of St. Petersburg's most cherished neighborhoods, along with meaningful value add potential.
Location
State FL
County Pinellas
Community Cashwells 2Nd Sub
Area 33701 - St Pete
Direction N
Interior
Interior Features Ceiling Fans(s), Open Floorplan, Window Treatments
Heating Central, Ductless
Cooling Central Air, Wall/Window Unit(s)
Flooring Wood
Fireplace false
Appliance Range, Refrigerator
Laundry None
Exterior
Exterior Feature Courtyard, Fence, Lighting, Sidewalk
Utilities Available Natural Gas Connected, Public, Sewer Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Entry Level Two
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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