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    The Largest CRE Database in the US with Over 1 Million Listings

    2517 3Rd Ave N St Petersburg, FL 33713

    Sponsored
    For Sale
    $960,000

    Duplex - ST PETERSBURG, FL

    Type:Duplex
    Property size:
    2,475 SF
    Lot size:
    0.13 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 6 at 4:06 am

    Property Features for 2517 3Rd Ave N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    APN
    23-31-16-35082-007-0140
    Parking features
    Boat, Driveway, Golf Cart, Guest, Off Street, On Street, Tandem
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
    Exterior features
    Paved, Courtyard, Lighting, Outdoor Grill, Rain Barrel/Cistern(s), Rain Gutters, Sidewalk, Storage
    Appliances
    Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    2,475 SF
    Lot size
    0.13 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Frame, HardiPlank Type
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Nolan Finn

    Dalton Wade, Inc. (727) 888-4175

    Listing agent Nolan Finn (888) 668-8283 License #3292466

    Listing date Feb 5, 2026

    MLS# TB8473368 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

    Historic Kenwood Bungalow with Income

    This updated duplex is located in the Historic Kenwood neighborhood. The property features a 3-bedroom, 2-bathroom main house with a front porch and tandem off-street parking. The main house includes a front room suitable for an office or nursery, luxury vinyl plank flooring throughout, renovated master and main bathrooms, and a kitchen with ample storage and counter space. A deck with a grill and seating area is accessible from the back door. Additionally, there is a 700 square-foot studio space with a half bath, kitchen, storage, and access to a parking pad. Upstairs, a renovated 745 square-foot 1-bedroom, 1-bathroom apartment includes updated windows, luxury vinyl plank flooring, a stacked washer/dryer, a large kitchen, a patio area, and a covered parking space. The entire property has been renovated inside and out with replaced plumbing, electric, A/C, roof, drywall, flooring, windows, and external siding. The property is located blocks from St. Pete High School and the Central Ave/Grand Central business and entertainment area, minutes from I-275, 10 minutes from downtown St. Petersburg, and 25 minutes from the beaches. The property is situated on a lot of approximately 0.13 acres and the total property size is 2475 square feet. The studio space is suitable for a home office, living space, or art studio. The apartment is suitable as an income-generating unit.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    St Petersburg
    County
    Pinellas
    State
    Florida
    Longitude
    -82.66767
    Latitude
    27.774941

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    FAQs

    What type of property is this?
    Duplex - Updated duplex in Historic Kenwood, perfect for income generation.
    Where is this duplex located?
    The property is located at 2517 3Rd Ave N St Petersburg, FL.
    What is the asking price?
    The asking price for this property is $960,000.
    What are key features of this property?
    This property features: - Income-generating property with a renovated 1-bedroom apartment; - Fully renovated (plumbing, electric, A/C, roof, etc.) within the last six years; - Includes a **700 sq ft studio space with half bath and kitchen**, suitable for various uses
    (888) 668-8283
    Request Owner's contact information
    2517 3Rd Ave N St Petersburg, FL 33713
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    St Petersburg, FL 33713
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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
    2517 3Rd Ave N St Petersburg, FL 33713
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    We can help!
    Listing Contact
    Nolan Finn
    Real Estate License ID: 3292466
    (888) 668-8283
    Learn more
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