Renovated Duplex with Solar
For Sale
$449,000
1743 YALE Street S, St Petersburg, FL 33712
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,656 SF
Lot Size0.13 Acres
Price / SF$271.14
Days on Market540
Property Features for 1743 YALE Street S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4
Interior features
Ceiling Fans(s)
Exterior features
Storage
Fireplace
1
Subdivision
BLACKBURNS W S SUB
Directions
Take I-275 S, exit 22nd Ave S, and then turn right onto Yale St S.
Standard status
Active
APN
26-31-16-09090-001-0200
Size
1,656 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BLACKBURN'S, W. S. SUB BLK A, LOT 20
Tax Annual Amount
4059
Legal Description
BLACKBURN'S, W. S. SUB BLK A, LOT 20
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
solar panels
Building Details
Year built
1925
Number of units
2
Building materials
Block, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: Feb 12, 2025
Changed: Aug 3
Last Checked: Aug 6 at 1:06PM
MLS# O6280443
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 fully renovated duplex offers two separate units and totals 5 bedrooms and 2 bathrooms. The front unit is approximately 1,180 SF and features 3 bedrooms and 1 bathroom with a full kitchen, living room, and dining area, plus inside laundry with a washer and dryer. The rear unit is approximately 700 SF and features 2 bedrooms and 1 bathroom with a galley kitchen and living room.
Renovations were completed in 2021, including a new roof and new flooring throughout, along with termite tenting. Additional upgrades include a new asphalt driveway and a fully painted exterior. The property includes solar panels (paid off at signing), and driveway plus street parking availability.
Built in 1925, the property is a block and frame structure with a shingle roof and central heating and central air conditioning. The home is served by public water and public sewer, with cable available. Ceiling fans are included, and there is exterior storage. Located at 1743 Yale Street S in St. Petersburg (Pinellas County), the duplex is positioned near downtown St. Petersburg and provides access to restaurants, shops, and entertainment, as well as beaches and major airports.
Renovations were completed in 2021, including a new roof and new flooring throughout, along with termite tenting. Additional upgrades include a new asphalt driveway and a fully painted exterior. The property includes solar panels (paid off at signing), and driveway plus street parking availability.
Built in 1925, the property is a block and frame structure with a shingle roof and central heating and central air conditioning. The home is served by public water and public sewer, with cable available. Ceiling fans are included, and there is exterior storage. Located at 1743 Yale Street S in St. Petersburg (Pinellas County), the duplex is positioned near downtown St. Petersburg and provides access to restaurants, shops, and entertainment, as well as beaches and major airports.
Key Highlights
- Duplex two separate units totaling 5 bedrooms and 2 bathrooms
- Front unit: 3 bedrooms, 1 bathroom, full kitchen plus living and dining area; inside laundry with washer and dryer
- Rear unit: 2 bedrooms, 1 bathroom, galley kitchen and living room
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
$19,330
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
4.31%
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%
$386,600
$386.6K
Cap Rate 7%
$276,143
$276.1K
Cap Rate 9%
$214,778
$214.8K
Market Conditions
NOI Build-Up for 1,656 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
$29.6K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.6K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.3K $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%
$386,600
Cap Rate 7%
$276,143
Cap Rate 9%
$214,778
Alternative Uses
Best Use
Multifamily LT 5
$276.1K
$241.6K – $322.2K
NOI $19,330 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$217.6K
$190.4K – $253.8K
NOI $15,230 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$430.7K
$376.9K – $502.5K
NOI $30,152 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex remodeled in 2021 with solar panels, central heating and cooling, and central shared utilities to support easy occupancy.
Where is this duplex located?
The property is located at 1743 YALE Street S St Petersburg, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Duplex two separate units totaling 5 bedrooms and 2 bathrooms; Front unit: 3 bedrooms, 1 bathroom, full kitchen plus living and dining area; inside laundry with washer and dryer; Rear unit: 2 bedrooms, 1 bathroom, galley kitchen and living room
