Charming 5-Unit Historic Uptown Multifamily – Walkable, Updated & Designed for Strong Rental Demand.

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.