Investors, builders, and serious house hackers – this little house on 38th Ave N is your next moneymaker. At 533 38th Ave North, you’re in a wildly convenient pocket of St. Pete: a couple blocks off the 4th St N corridor with its restaurants, grocery stores, and daily conveniences, and a short drive to downtown’s waterfront, coffee shops, and nightlife. The existing 3-bedroom/2-bathroom bungalow sits on a roughly 5,400 sq ft lot with alley access and a detached garage in the back – ideal for future ADU conversion, workshop, or storage while you’re under construction. This is not a lipstick-on-a-pig flip; it’s a true “roll up your sleeves” opportunity. Tidy it up and hold as a rental, or go big and plan a complete redevelopment. Surrounding streets are packed with renovated bungalows and new construction pushing to higher price points, which gives you a clear exit strategy once you’re done with the heavy lifting. If you’re the person who loves taking something dated and turning it into serious equity, this location delivers the upside. Current St. Petersburg zoning may allow up to four dwellings on this site when all city requirements, setbacks, and parking standards are met. This diamond-in-the-rough gem is ready to shine!
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