619 Kirkwood Ter N 6 Unit Apartment Building $1,000,000 ($166,667/Unit) Saint Petersburg, FL 33701

619 Kirkwood Terrace N presents a rare opportunity to acquire a boutique 6-unit multifamily asset in the heart of Crescent Lake, one of St. Petersburg’s most coveted residential enclaves. Surrounded by historic homes and located just minutes from Downtown, The Pier District, and top-ranked beaches, this property offers unmatched lifestyle appeal and long-term growth potential.
Each unit is a well-proportioned 1 Bed/1Bath averaging 450 SF, ideal for maximizing rental efficiency in a high-demand urban setting. The neighborhood’s walkability, proximity to Vinoy Park and Sundial’s upscale redevelopment, and strong community character make this a prime location for sustained tenant demand.
Terrier Properties, the area’s most reputable management group, has initiated a value-add strategy with one renovated unit, confirming the upside potential. Current rents trail market comps by over $150 per unit, offering immediate revenue growth through interior upgrades and enhanced utility reimbursements.
Located in Pinellas County’s fastest-growing rental submarket, 619 Kirkwood benefits from robust employment growth, a diversified economic base, and increasing corporate relocations—such as Foot Locker’s HQ move—solidifying Downtown St. Pete as a premier investment destination.
Also available is 624 1st Street North, a nearby 7-unit sister property. These properties may be acquired individually or as part of a portfolio.