Block Duplex with Newer
For Sale
$425,000
410 73RD Avenue, St Pete Beach, FL 33706
Residential Income, ST PETE BEACH, FL
Property Size1,400 SF
Lot Size0.12 Acres
Price / SF$303.57
Days on Market590
Property Features for 410 73RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Pets allowed
Yes
Interior features
Eat-in Kitchen, Primary Bedroom Main Floor
Appliances
Range, Refrigerator
Subdivision
ST PETERSBURG BEACH REP
Directions
From either north or south on Gulf Blvd in St. Pete Beach, turn onto 73rd Ave. Turquoise Bldgs (2 duplexes facing each other).
Standard status
Active
APN
36-31-15-77994-047-0090
Size
1,400 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ST PETERSBURG BEACH REPLAT BLK 47, LOT 9
Tax Annual Amount
7300
Legal Description
ST PETERSBURG BEACH REPLAT BLK 47, LOT 9
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile - Ceramic, Concrete
Building materials
Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Valerie McClary · License #3106058
(727) 272-0994
Added: Jan 10, 2025
Changed: Aug 19
Last Checked: Aug 23 at 4:06PM
MLS# TB8337590
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 1,400-square-foot duplex sits on a 0.12-acre parcel and contains two residences, each with two bedrooms and one bathroom. Built in 1954, the solid-block property includes ceramic tile and concrete flooring, central air, electric heat, a range, and a refrigerator. Each unit also has a backyard with xeriscaping. The property is offered AS IS and has minor interior hurricane-related damage.
Recent and durable improvements include a shingle roof installed in late 2023, hurricane-rated double-pane windows from 2014, and soundproofing between the residences. Public water and public sewer serve the property, with cable available. The address is within walking distance of restaurants, shops, gyms, spas, entertainment, St. Pete Beach, Boca Ciega Bay, and the Corey Avenue Farmers Market. The property has been presented as suitable for short- or long-term rental use, subject to verification of local short-term rental regulations.
Recent and durable improvements include a shingle roof installed in late 2023, hurricane-rated double-pane windows from 2014, and soundproofing between the residences. Public water and public sewer serve the property, with cable available. The address is within walking distance of restaurants, shops, gyms, spas, entertainment, St. Pete Beach, Boca Ciega Bay, and the Corey Avenue Farmers Market. The property has been presented as suitable for short- or long-term rental use, subject to verification of local short-term rental regulations.
Key Highlights
- 1,400‑square‑foot duplex on a 0.12‑acre parcel
- Two residences, each with 2 bedrooms and 1 bathroom
- Shingle roof installed in late 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
$16,341
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
3.84%
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%
$326,820
$326.8K
Cap Rate 7%
$233,443
$233.4K
Cap Rate 9%
$181,567
$181.6K
Market Conditions
NOI Build-Up for 1,400 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
$25.0K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.3K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.3K $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%
$326,820
Cap Rate 7%
$233,443
Cap Rate 9%
$181,567
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 6.00%
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
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residences feature private outdoor space and convenient access to beach-area dining, shopping, and entertainment.
Where is this duplex located?
The property is located at 410 73RD Avenue St Pete Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,400‑square‑foot duplex on a 0.12‑acre parcel; Two residences, each with 2 bedrooms and 1 bathroom; Shingle roof installed in late 2023
