Welcome to 155 7th Ave NE: a meticulously designed 1914 Craftsman estate drenched in charm and located in the highly sought-after Historic Old Northeast neighborhood. This remarkable property requires a bit of TLC but offers limitless potential! Zoned as a legal duplex, with two distinct addresses, this home offers a variety of possibilities for all new owners. Whether you’re looking for a spacious family home or an investment opportunity with exceptional ARV, this rare property has something for everyone. The home features 4 large bedrooms, 4.5 baths, 2 sunrooms, 7 large closets, 55 original windows, high ceilings, hardwood floors, an original fireplace, a large front porch, a dining room with wainscoting and plate rail, coffered ceiling, and French doors, an updated kitchen with elaborate cabinetry and a copper ceiling, and a second full kitchen upstairs with the original tile floor. The home also features an ADU on the alleyway, currently outfitted as a 2-car garage (economy cars) with a studio workshop and a full bath. Neighbors have converted/rebuilt similar ADUs into large carriage homes, capitalizing on grandfathered-in zoning, and maximizing property values. In addition to the garage, there is also room to park 2 cars off the alley. The space between the main home and ADU is large enough for a pool to be installed, or you can simply enjoy the lush landscaping already in place. NEW ROOF 2021! Main-level HVAC & Air Handler replaced in 2015. Updated plumbing in 2015. Central air and heat. Natural gas is piped. No flood insurance required. Mere steps from Vinoy Park, the water, and the eclectic mix of shops, restaurants, and cultural attractions that define Downtown St. Petersburg. Homes with such a flawless location and income potential to match do not come around often! This won’t last long, don’t miss your opportunity!