Prime investment opportunity in the highly desirable Old Northeast neighborhood of St. Petersburg. Located at 209 12th Ave N, this well-positioned quadplex features four rentable units, all currently occupied, providing immediate income for the next owner. Lots of room to improve the monthly income, with adjusting rents to current market rates! The property is situated just minutes from vibrant downtown St. Pete, waterfront parks, shopping, dining, and cultural attractions. Nestled on a quiet, tree-lined street, this classic Old Northeast location continues to attract strong tenant demand. Ideal for 1031 exchange buyers seeking a seamless transition into a stabilized, income-producing asset, as well as portfolio investors looking to expand holdings in a proven rental market. With consistent occupancy and a premier location in one of St. Petersburg’s most sought-after neighborhoods, this property offers long-term appreciation potential and reliable cash flow.