Two-Story Duplex with Shared
For Sale
$499,000
1059 5TH Street N, St Petersburg, FL 33701
Residential Income, ST PETERSBURG, FL
Property Size1,820 SF
Lot Size0.04 Acres
Price / SF$274.18
Days on Market93
Property Features for 1059 5TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Pets allowed
Yes
Exterior features
Sidewalk
Appliances
Microwave, Range, Refrigerator, Washer
Subdivision
HARVEYS SUB
Directions
Property is on the left.
Standard status
Active
APN
18-31-17-37548-000-0131
Size
1,820 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HARVEY'S SUB S 35FT OF LOT 13
Tax Annual Amount
8167
Legal Description
HARVEY'S SUB S 35FT OF LOT 13
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared laundry room with extra storage space
shared fenced yard
Building Details
Year built
1915
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Listing Agency:
REAL BROKER, LLC
(855) 450-0442
Listed By:
D.J. Bryant · License #3415242
(941) 400-0101
Added: Jun 4
Changed: Sep 2
Last Checked: Sep 4 at 12:06AM
MLS# A4695855
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,820-square-foot block duplex was built in 1915 and is arranged with one residence on each level. The upper unit contains 2 bedrooms and 2 bathrooms, while the lower unit provides 1 bedroom and 1 bathroom. Both residences include substantial living areas, and the property has a shared laundry room with additional storage. Tile flooring, central heating, central air, public water, and public sewer are among the existing features. A porch, shingle roof, sidewalk, shared fenced yard, and on-street parking complete the property. Appliances include a microwave, range, refrigerator, and washer.
The duplex is located at 1059 5TH Street N in St. Petersburg, within postal code 33701. The property is less than 5 minutes from Downtown St. Pete, under 30 minutes from Downtown Tampa and the Gulf Beaches, and a few blocks from Crescent Lake and the shops and restaurants on 4th Street. Professional property management is already in place and willing to continue.
The duplex is located at 1059 5TH Street N in St. Petersburg, within postal code 33701. The property is less than 5 minutes from Downtown St. Pete, under 30 minutes from Downtown Tampa and the Gulf Beaches, and a few blocks from Crescent Lake and the shops and restaurants on 4th Street. Professional property management is already in place and willing to continue.
Key Highlights
- 1,820 square feet arranged as an upstairs and downstairs duplex
- Upper unit has 2 bedrooms and 2 bathrooms; lower unit has 1 bedroom and 1 bathroom
- Built in 1915 on a 0.04‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,244
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,880
$424.9K
Cap Rate 7%
$303,486
$303.5K
Cap Rate 9%
$236,044
$236.0K
Market Conditions
NOI Build-Up for 1,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.5K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.3K $16.67/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$21.2K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,880
Cap Rate 7%
$303,486
Cap Rate 9%
$236,044
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$239.1K
$209.2K – $279.0K
NOI $16,739 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$473.4K
$414.2K – $552.3K
NOI $33,138 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upstairs and downstairs units share laundry, storage, and a fenced yard.
Where is this duplex located?
The property is located at 1059 5TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1,820 square feet arranged as an upstairs and downstairs duplex; Upper unit has 2 bedrooms and 2 bathrooms; lower unit has 1 bedroom and 1 bathroom; Built in 1915 on a 0.04‑acre lot
