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    11295 1St St E Saint Petersburg, FL 33706

    Sponsored
    For Sale
    $849,900

    Duplex - TREASURE ISLAND, FL

    Type:Duplex
    Property size:
    2,204 SF
    Lot size:
    0.12 Acres
    Days on Market:
    18
    Last Refresh:
    Feb 12 at 5:06 pm

    Property Features for 11295 1St St E

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    RES
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    23-31-15-43470-002-0190
    Parking features
    Driveway
    Pets allowed
    Yes
    Interior features
    Solid Wood Cabinets, Stone Counters, Walk-in Closet(s)
    Exterior features
    Lighting, Rain Gutters, Storage
    Appliances
    Dishwasher, Microwave, Range, Refrigerator, Washer
    Size
    2,204 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1964
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Maria Mercado Herbert

    Coldwell Banker (813) 754-3586

    Listing agent Maria Mercado Herbert, PA (727) 360-6927 License #3032151

    Listing date Jan 26, 2026

    MLS# TB8432743 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Duplex Near Treasure Island Beach

    This fully renovated 2,200 sq ft duplex is located in Treasure Island, just one block from the beach. The property features two spacious 2-bedroom, 1-bath units, each offering 1,100 sq ft of updated living space. Renovated in 2025, the updates include new kitchens and bathrooms, new electrical wiring and plumbing, new AC systems, and new water heaters. Each kitchen is equipped with quartz countertops, new wood cabinetry, and stainless steel appliances. The bathrooms have been redesigned with modern fixtures and contemporary finishes. Luxury vinyl flooring is installed throughout both units. A large owner’s storage room and shared laundry area are centrally located between the units. The property includes an oversized driveway with parking for four to five vehicles. The surrounding area offers access to beachfront walking paths, tennis and pickleball courts, dog parks, playgrounds, marinas, boat ramps, and waterfront dining. Downtown St. Petersburg is 20 minutes away, and Tampa International Airport is approximately 40 minutes away. The property, zoned RES, is situated on a 0.12-acre lot. This duplex is suitable for long-term rentals, seasonal income, or owner-occupancy while renting the other unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Real Estate Agency Nail Salon Building Supply Accounting Firm Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saint Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.771615
    Latitude
    27.77399

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    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex, one block from the beach, ideal for investors.
    Where is this duplex located?
    The property is located at 11295 1St St E Saint Petersburg, FL.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Fully renovated in 2025, turnkey duplex, ideal for immediate rental income or owner-occupancy.; - Prime location: one block from Treasure Island beach.; - Two spacious 2-bedroom, 1-bath units (1,100 sq ft each) with new kitchens and bathrooms featuring quartz countertops and stainless steel appliances.
    (727) 642-1151
    Request Owner's contact information
    11295 1St St E Saint Petersburg, FL 33706
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    Saint Petersburg, FL 33706
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11295 1St St E Saint Petersburg, FL 33706
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    We can help!
    Listing Contact
    Maria Mercado Herbert
    Real Estate License ID: 3032151
    (727) 642-1151 (727) 360-6927
    Learn more
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