Duplex Development
3235 EMERSON Avenue S St Petersburg, FL 33712
For Sale
$449,000
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,472 SF
Lot Size0.13 Acres
Price / SF$305.03
Days on Market109
Property Features for 3235 EMERSON Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Family Room, Bathroom 3, Bathroom 1, Bedroom 5, Bathroom 2
- Interior features
- Kitchen/Family Room Combo, Thermostat, Window Treatments
- Exterior features
- Private Entrance, Private Mailbox
- Standard status
- Active
- APN
- 23-31-16-76590-011-0130
- Size
- 1,472 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ROOSEVELT PARK ADD BLK 11, E 1/2 OF LOT 12 & ALL OF LOT 13
- Tax Annual Amount
- 4019
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Ductless (Heating)
- Cooling system
- Wall/Window Unit(s), Central Air, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1960
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
(727) 489-0800
Listed By:
Mittu Mathew · License #3512493
(727) 331-3759
Added: Apr 9
Changed: Jul 25
Last Checked: Jul 26 at 6:06AM
MLS# TB8496146
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.
Duplex property offering a development-oriented layout with 2 separate entrances. The listing also references an approved city variance that may provide additional flexibility for redevelopment (buyer to verify with city/county).
The property is located at 3235 Emerson Avenue S in St. Petersburg, Florida 33712, within the Warehouse Arts District. The listing notes the property is in a non-flood zone.
With a lot size of 0.13 acres and 1,472 square feet of property size, this is positioned for redevelopment or redesign while preserving the existing multi-entrance configuration.
The property is located at 3235 Emerson Avenue S in St. Petersburg, Florida 33712, within the Warehouse Arts District. The listing notes the property is in a non-flood zone.
With a lot size of 0.13 acres and 1,472 square feet of property size, this is positioned for redevelopment or redesign while preserving the existing multi-entrance configuration.
Key Highlights
- 2 separate entrances, with private entrance and private mailbox
- Approved city variance reported (buyer to verify with city/county)
- Block construction, roof with shingle
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $17.88 |
| − Vacancy | −$1.8k | −$1.21 |
| EGI | $24.5k | $16.67 |
| − OpEx | −$7.4k | −$5.00 |
| NOI | $17.2k | $11.67 |
1,472 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$245.5K
$214.8K – $286.4K
NOI $17,182 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$193.4K
$169.2K – $225.6K
NOI $13,538 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$382.9K
$335.0K – $446.7K
NOI $26,802 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two separate entrances and an approved city variance, located in a non-flood zone.
Where is this duplex located?
The property is located at 3235 EMERSON Avenue 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: 2 separate entrances, with private entrance and private mailbox; Approved city variance reported (buyer to verify with city/county); Block construction, roof with shingle
