Renovated Duplex with Updated
For Sale
$650,000
2832 MIRIAM Street S, St Petersburg, FL 33711
Residential Income, ST PETERSBURG, FL
Property Size2,100 SF
Lot Size0.16 Acres
Price / SF$309.52
Days on Market49
Property Features for 2832 MIRIAM Street S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Pets allowed
Yes
Exterior features
Storage
Subdivision
GULFPORT HARBOR 1ST ADD
Directions
From 22nd Avenue S, head south on 45th Street S, then turn east (left) onto 29th Avenue S. Turn right onto Miriam Street S. The property will be on your left near Clam Bayou Nature Park and the Gulfport Marina.
Standard status
Active
APN
34-31-16-34272-002-0020
Size
2,100 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GULFPORT HARBOR 1ST ADD BLK B, LOT 2
Tax Annual Amount
4636
Legal Description
GULFPORT HARBOR 1ST ADD BLK B, LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Number of units
2
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
BLUE LIGHTHOUSE REALTY INC
(855) 550-0528
Listed By:
Jorge Zea · License #3015804
(855) 550-0528
Added: Jul 8
Changed: Aug 20
Last Checked: Aug 25 at 9:06AM
MLS# O6423590
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 duplex contains two 2-bedroom, 1-bathroom residences within a 2,100-square-foot building. Both units have undergone permitted improvements to plumbing, electrical, and HVAC systems, along with updated kitchens featuring contemporary cabinetry, stone countertops, stainless steel appliances, and new fixtures. Luxury waterproof LVP flooring extends throughout the residences, while on-site storage adds practical utility.
The property was built in 1960 with block construction, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the building. Set on a 0.16-acre parcel in St. Petersburg, the asset offers two residential units with consistent interior specifications and recently completed renovations.
The property was built in 1960 with block construction, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the building. Set on a 0.16-acre parcel in St. Petersburg, the asset offers two residential units with consistent interior specifications and recently completed renovations.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a duplex configuration
- 2,100 square feet on a 0.16‑acre parcel
- Permitted plumbing, electrical, and HVAC improvements
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
$24,512
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
3.77%
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%
$490,240
$490.2K
Cap Rate 7%
$350,171
$350.2K
Cap Rate 9%
$272,356
$272.4K
Market Conditions
NOI Build-Up for 2,100 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
$37.5K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$35.0K $16.67/SF
− OpEx
−$10.5K −$5.00/SF
NOI
$24.5K $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%
$490,240
Cap Rate 7%
$350,171
Cap Rate 9%
$272,356
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.5K
NOI $24,512 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$275.9K
$241.4K – $321.9K
NOI $19,314 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 5.88%
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
490
Businesses Nearby
Explore this area
Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
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 separately configured residences feature refreshed interiors, central systems, and durable finishes for ongoing rental use.
Where is this duplex located?
The property is located at 2832 MIRIAM Street S St Petersburg, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in a duplex configuration; 2,100 square feet on a 0.16‑acre parcel; Permitted plumbing, electrical, and HVAC improvements
