5801 FAIRFIELD AVENUE S ST PETERSBURG FL 33707 MLS #TB8401374

Unique investment opportunity in the heart of Pasadena On The Gulf! This fully accessible, single-story triplex was built in 1994 and offers three well-designed 2-bedroom, 1-bathroom units, each with approximately 850 sq ft of living space. Set on a generous 0.26-acre lot with a total building size of 2,541 sq ft, the property is ideal for both long-term rental income and specialized housing needs. This is a true value-add property with strong fundamentals and excellent upside potential through strategic updates or rent increases. Each unit is wheelchair-accessible, featuring step-free entrances, wide doorways, and open floor plans that comfortably accommodate residents with mobility needs. A standout feature is the three covered parking spaces, each designed to fit high-top vans, making it perfect for tenants requiring specialized vehicles. Located directly on the Pinellas Trail, this property offers easy access to outdoor recreation and is just minutes from downtown Gulfport, St. Petersburg, and the Gulf beaches. Families will appreciate the nearby schools, including Bear Creek Elementary (0.3 mi), Azalea Middle School (2.9 mi), and Boca Ciega High School (0.3 mi). Whether you’re an investor looking for steady cash flow or a buyer seeking a unique multi-unit property with built-in accessibility, this value-add triplex delivers on location, functionality, and long-term growth potential. Two of the units are like kind to the pictures, one of the units is in need of a full rehab.