5-Bedroom Cash-Flow Play in Northeast St. Pete
7400 Locust St NE, St. Petersburg, FL 33702 — 1,824 sq ft, 3,209 under roof, oversized garage plus carport, workshop shed, front porch facing the park. Block built. No HOA.
Deal snapshot
Bedrooms
5
Bathrooms
2
Living Area
1,824 sq ft
Under Roof
3,209 sq ft
Lot Size
6,991 sq ft
Covered Parking
4 spaces
Opinion of value $550,000 — offered $50,000 below
Get the full packetWhy this deal works
Six ways buyers and investors are running this property.
Based on seller projections and subject to buyer verification of rents and permitted use:
$550,000 opinion of value
Offered at $499,995 — roughly $50,000 below the CMA opinion of value dated 9/10/2026. Verify with your own comps; the report is available on request.
Live in one, rent four
Five bedrooms, two baths, no HOA restrictions. Rent the extra rooms to help offset your housing payment while you occupy the home.
Up to $4,400 / mo traditional
New flooring, paint, doors, 2024 A/C and water heater, 2023 impact windows and a 2021 roof means fewer near-term capital items on your pro forma.
Up to $6,400 / mo by the room
The bedroom spread and two full baths support a by-the-room strategy. Seller projection — verify rents, insurance and permitted use.
Seller financing may be considered
The seller is motivated and open to discussing terms, including creative and seller-financed structures. Bring your scenario and let's talk numbers.
Bring your buyer
Smart keypad lock on the door — contact for the code. Disclosures, comps and the full packet go out same day.
Five bedrooms, two baths, no HOA and a flexible floor plan support a traditional rental, buy-and-hold, house hack, co-living or room-rental approach. Verify rents, insurance, and permitted use independently.
The numbers
- List price
- $499,995
- Opinion of value
- $550,000
- Price / sq ft
- $274
- 2025 taxes
- $4,948
- Traditional rent (proj.)
- $4,400 / mo
- Co-living rent (proj.)
- $6,400 / mo
Rental figures are seller projections, not guarantees. Verify rents, insurance and permitted use independently. MLS # TB8544117.
What you're actually buying
Five bedrooms, genuinely flexible
1,824 sq ft of living space across nine rooms and five bedrooms — room for a home office, gym, hobby space, guests, or multi-generational living without anyone tripping over each other.
Four covered parking spaces
An oversized 2-car garage plus a separate 2-car covered carport, with 3,209 sq ft under roof total. Space for the cars, the tools, the kayaks, the bikes and the beach gear.
Front porch overlooking the park
A spacious front porch looks straight out over the park directly across the street — morning coffee with open green space instead of neighbors’ windows. A dedicated workshop/storage shed gives projects their own home on this quiet corner lot near the end of the street.
Updated 2024 through 2026
New flooring throughout, fresh paint, new doors and drywall, 2024 A/C and water heater, an updated electrical panel, 2023 impact windows and a 2021 roof — on solid concrete block. No HOA.
Condition & specs
- Year built
- 1972
- Construction
- Solid concrete block
- Roof
- 2021
- Windows
- 2023 impact windows
- A/C & water heater
- 2024
- Electrical panel
- Updated
- Lot dimensions
- 75 x 100, corner lot
- HOA
- None
- 2025 taxes
- $4,948
- Price per sq ft
- $274
Tour all 22 photos
See it in person
Location that keeps tenants and buyers interested
Northeast St. Pete, minutes from the water at Weedon Island Preserve and Mangrove Bay, with quick access to the Gateway corridor, Gandy Boulevard, I-275, downtown St. Petersburg and Tampa.
- Park directly across the street
- Green space & playground steps away
- Weedon Island Preserve
- Kayaking, fishing & trails nearby
- Mangrove Bay Golf Course
- Minutes away
- 4th Street / Gateway corridor
- Shopping, groceries & dining
- Gandy Blvd & I-275
- Direct routes to Tampa
- Downtown St. Petersburg
- Waterfront, dining & arts district
- Airports
- Tampa International & St. Pete–Clearwater
Pick a time. Walk the property. Run your numbers.
Send your details and you'll go straight to the calendar to lock in a showing time, plus the disclosures, comps and rental projections you need.
Request your private showing
Send your details, then pick a showing time on the next page.
- 01Contact detailsPersonal information & inquiry specifics.
- 02Schedule calendarSelect a tour time that suits your schedule.
Questions before you book?
Hawk Mikado
Innovative Investor | Realtor® · OutFast Realty · FL License # SL3608920
Door is equipped with a smart keypad lock — contact for the code. MLS # TB8544117.
Plan your purchase
Mortgage Calculator
Compare common financing paths and see an estimated monthly payment before requesting property details or booking a tour.
Credit score range
Estimated FHA rate range: 6.8% – 7.1% (September 2026). FHA goes to 580 with 3.5% down, or 500 with 10% down.
Loan availability and qualification vary by borrower and lender. Rates shown are indicative, not a quote or lock, and DSCR estimates exclude lender-specific coverage requirements.
- Principal & interest
- $3,210/mo
- Property taxes
- $433/mo
- Homeowners insurance
- $300/mo
- Estimated total
- $3,943/mo
Estimate only — taxes, insurance, and rates vary. Verify figures with your lender.
Get pre-approved & schedule a tour