Renovated Concrete-Block
For Sale
$535,000
260 20TH Avenue S, St Petersburg, FL 33705
Residential Income, ST PETERSBURG, FL
Property Size1,360 SF
Lot Size0.17 Acres
Price / SF$393.38
Days on Market94
Property Features for 260 20TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
On Street, Off Street, Assigned
Window features
Insulated Windows, Tinted Windows, Storm Window(s)
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat, Window Treatments
Exterior features
Fence, Private Entrance, Sidewalk
Fencing
Fenced
Appliances
Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
ROUSLYNN
Lot features
Flood Zone, Landscaped, Street Brick, Paved
Directions
I-175, turn right on 3rd Street South, Duplex will be on the left at the corner of 20th Ave S
Standard status
Active
APN
30-31-17-77184-009-0160
Size
1,360 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROUSLYNN BLK 9, LOT 16
Tax Annual Amount
8466
Legal Description
ROUSLYNN BLK 9, LOT 16
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
private outdoor space
Building Details
Year built
1948
Floors in Building
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
DOUGLAS ELLIMAN
(727) 698-5708
Listed By:
Fonda Sabin · License #454342
(727) 743-5021
Added: Jun 3
Changed: Aug 28
Last Checked: Sep 4 at 10:06AM
MLS# TB8514661
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 1,360-square-foot duplex contains two renovated residences: a two-bedroom, two-bath unit and a one-bedroom, one-bath unit. The larger residence includes ensuite baths, a kitchen, private laundry, and outdoor space, while the smaller unit provides an ensuite bath, kitchen storage, laundry, and living areas. Concrete-block construction, central heating and cooling, impact windows, shingle roofing, and public water and sewer serve the property. Parking includes on-street, off-street, and assigned spaces.
Major improvements include a new roof in 2025, new AC units for both apartments in 2023, new hot water tanks in 2024, impact windows installed in 2023, and new appliances added in 2024. Each residence has its own washer and dryer, private entrance, and fenced exterior setting.
The 0.17-acre property is approximately 1 mile south of Downtown St. Petersburg and near USF St. Petersburg, Johns Hopkins All Children’s Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, downtown waterfront parks, museums, restaurants, and Tampa Bay.
Major improvements include a new roof in 2025, new AC units for both apartments in 2023, new hot water tanks in 2024, impact windows installed in 2023, and new appliances added in 2024. Each residence has its own washer and dryer, private entrance, and fenced exterior setting.
The 0.17-acre property is approximately 1 mile south of Downtown St. Petersburg and near USF St. Petersburg, Johns Hopkins All Children’s Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, downtown waterfront parks, museums, restaurants, and Tampa Bay.
Key Highlights
- Two‑unit duplex totaling 1,360 square feet on a 0.17‑acre lot
- Two‑bedroom, two‑bath residence plus one‑bedroom, one‑bath residence
- New roof installed in 2025; new AC units for both apartments in 2023
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
$15,874
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
2.97%
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%
$317,480
$317.5K
Cap Rate 7%
$226,771
$226.8K
Cap Rate 9%
$176,378
$176.4K
Market Conditions
NOI Build-Up for 1,360 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
$24.3K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.7K $16.67/SF
− OpEx
−$6.8K −$5.00/SF
NOI
$15.9K $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%
$317,480
Cap Rate 7%
$226,771
Cap Rate 9%
$176,378
Alternative Uses
Best Use
Multifamily LT 5
$226.8K
$198.4K – $264.6K
NOI $15,874 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$178.7K
$156.4K – $208.5K
NOI $12,508 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$353.7K
$309.5K – $412.7K
NOI $24,762 @ 7.0% cap · market cap 4.63%
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
593
Businesses Nearby
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
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 - Two updated residences offer private laundry, outdoor space, and separate entrances in St. Petersburg’s Old Southeast area.
Where is this duplex located?
The property is located at 260 20TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,360 square feet on a 0.17‑acre lot; Two‑bedroom, two‑bath residence plus one‑bedroom, one‑bath residence; New roof installed in 2025; new AC units for both apartments in 2023
