About 1139 40th Street S
Investors, take note: this fully occupied fourplex offers dependable cash flow from day one. The property consists of two identical duplex buildings, each with two 1-bedroom units, for four identical units in total. The matching floor plans make maintenance, turnovers, and rent comparisons simple. All four units are leased, and three of the four tenants are long-term residents, giving you an established rent roll and low turnover. Each unit has its own separately metered power and water, so tenants pay their own utilities and your operating costs stay down. A separate outbuilding adds flexibility. Use it as storage, or convert it into an on-site laundry facility for an additional income stream. Four dedicated off-street parking spaces, plus ample street parking, add convenience for residents. Whether you’re expanding your portfolio or buying your first multifamily property, 1139 40th St S combines steady occupancy, efficient operations, and room to add value. Schedule your showing today. Please do not disturb tenants.
Features of 1139 40th Street S
| MLS® # | TB8556986 |
|---|---|
| Price | $399,900 |
| Bedrooms | 4 |
| Bathrooms | 4.00 |
| Square Footage | 1,760 |
| Acres | 0.21 |
| Year Built | 1959 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 1139 40th Street S |
|---|---|
| Area | St Pete/Gulfport |
| Subdivision | PAINES SUB |
| City | ST PETERSBURG |
| County | Pinellas |
| State | FL |
| Zip Code | 33711-2512 |
Amenities
| Parking | Common, Off Street, On Street, Open, Parking Pad |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Ceiling Fan(s), Living Room/Dining Room Combo, Other |
|---|---|
| Appliances | Range, Refrigerator |
| Heating | Baseboard, Wall Units / Window Unit |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
Exterior
| Exterior Features | Outbuilding, Other, Private Entrance, Private Mailbox |
|---|---|
| Lot Description | City Lot |
| Roof | Shingle |
| Foundation | Slab |
Additional Information
| Date Listed | October 15th, 2026 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | SPENCERS PLUS REALTY LLC |
|---|