Updated Duplex with Bonus
For Sale
$399,000
2650 25TH Avenue N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size1,146 SF
Lot Size0.11 Acres
Price / SF$348.17
Days on Market186
Property Features for 2650 25TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Off Street
Interior features
Ceiling Fans(s), Stone Counters
Exterior features
Fence, Private Mailbox
Fencing
Fenced
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
COLFAX CITY
Elementary school
New Heights Elementary-PN
Middle school
Tyrone Middle-PN
High school
St. Petersburg High-PN
Directions
From 275 exit on 22nd Avenue North. Turn west onto 22nd Ave North. Turn north onto 25th Street North.Turn west onto 25th Ave North. Home is setback and located on the south side of 25th Ave North
Standard status
Active
APN
11-31-16-17190-005-0070
Size
1,146 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COLFAX CITY BLK 5, LOT 7
Tax Annual Amount
5677
Legal Description
COLFAX CITY BLK 5, LOT 7
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
exterior washer and dryer
fully fenced lot
air-conditioned bonus storage space
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS TAMPA PROP. · Keller Williams Realty
(813) 264-7754
Listed By:
Ashley Gajdosz · License #3227836
(813) 300-7002
Added: Mar 5
Changed: Sep 3
Last Checked: Sep 7 at 11:06PM
MLS# TB8483885
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 1,146-square-foot duplex, built in 1925, includes an upstairs two-bedroom, one-bath unit and a lower unit with recent interior improvements. The upper residence has a newer A/C unit, range, tub liner, and interior paint, plus pull-down access to an air-conditioned bonus area with finished flooring and trim. The lower unit received storm remediation, new drywall, fresh paint, a toilet, and a sump pump. Both units benefit from central air, and the property includes laminate and ceramic tile flooring, ceiling fans, stone counters, and household appliances.
Major property updates include a new shingle roof installed in 2025, a water line replacement from the curb stop, exterior patching and repainting, and a termite bait system. An exterior washer and dryer were installed in 2024. The fully fenced 0.11-acre lot provides off-street parking, with public water and public sewer service. The property is located at 2650 25TH Avenue N in St. Petersburg, with access to downtown, shopping, dining, entertainment, and major roadways; St. Pete Beach is approximately 20 minutes away.
Major property updates include a new shingle roof installed in 2025, a water line replacement from the curb stop, exterior patching and repainting, and a termite bait system. An exterior washer and dryer were installed in 2024. The fully fenced 0.11-acre lot provides off-street parking, with public water and public sewer service. The property is located at 2650 25TH Avenue N in St. Petersburg, with access to downtown, shopping, dining, entertainment, and major roadways; St. Pete Beach is approximately 20 minutes away.
Key Highlights
- Duplex with 1,146 square feet on a 0.11‑acre fenced lot
- Upstairs unit offers 2 bedrooms, 1 bathroom, and air‑conditioned bonus storage
- New shingle roof installed in 2025
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
$13,377
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
3.35%
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%
$267,540
$267.5K
Cap Rate 7%
$191,100
$191.1K
Cap Rate 9%
$148,633
$148.6K
Market Conditions
NOI Build-Up for 1,146 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
$20.5K $17.88/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$19.1K $16.67/SF
− OpEx
−$5.7K −$5.00/SF
NOI
$13.4K $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%
$267,540
Cap Rate 7%
$191,100
Cap Rate 9%
$148,633
Alternative Uses
Best Use
Multifamily LT 5
$191.1K
$167.2K – $223.0K
NOI $13,377 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$150.6K
$131.8K – $175.7K
NOI $10,540 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
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 - Fully rented two-unit property on a fenced lot with central air and off-street parking.
Where is this duplex located?
The property is located at 2650 25TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex with 1,146 square feet on a 0.11‑acre fenced lot; Upstairs unit offers 2 bedrooms, 1 bathroom, and air‑conditioned bonus storage; New shingle roof installed in 2025
