Duplex With Attached
New
For Sale
$436,900
4120 BURLINGTON Avenue N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size1,503 SF
Lot Size0.13 Acres
Price / SF$290.69
Days on Market4
Property Features for 4120 BURLINGTON Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NT-1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Dining Room, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking features
Off Street, On Street, Driveway
Window features
Double Pane Windows
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
Exterior features
Fence, Private Mailbox
Fencing
Fenced
Appliances
Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Subdivision
INTER BAY
Lot features
City Limits, Street Brick
Elementary school
Mount Vernon Elementary-PN
Middle school
Azalea Middle-PN
High school
St. Petersburg High-PN
Directions
1st Ave North Heading West, make a right onto 41st St, then Left onto Burlington Ave N.
Standard status
Active
APN
22-31-16-43108-006-0110
Size
1,503 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
INTER BAY BLK 6, LOT 11
Tax Annual Amount
5759
Legal Description
INTER BAY BLK 6, LOT 11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Flooring type
Laminate
Building materials
Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
REALTY ONE GROUP INNOVATION
(561) 501-0055
Listed By:
Thomas Morillo, LLC · License #3229447
(727) 560-4944
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 31 at 9:06AM
MLS# TB8539625
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 1,503-square-foot duplex in St. Petersburg includes a primary three-bedroom, two-bath layout and an attached in-law suite with its own entrance. The suite adds a kitchen area, living space, bedroom, and full bathroom, but completion and formal permit closeout remain necessary. The property is offered as-is.
Set on 0.13 acres in Central Oak Park, the home has a fenced yard, porch, driveway, off-street and on-street parking, central air, electric heat, and a shingle roof. Interior features include an open floor plan, combined living and dining area, high ceilings, solid wood cabinetry, and stone or solid-surface counters. Public water and public sewer serve the property. Built in 1947, it is identified with NT-1 zoning.
Set on 0.13 acres in Central Oak Park, the home has a fenced yard, porch, driveway, off-street and on-street parking, central air, electric heat, and a shingle roof. Interior features include an open floor plan, combined living and dining area, high ceilings, solid wood cabinetry, and stone or solid-surface counters. Public water and public sewer serve the property. Built in 1947, it is identified with NT-1 zoning.
Key Highlights
- 1,503‑square‑foot duplex with an attached in‑law suite
- Suite includes a private entrance, kitchen area, living space, bedroom, and full bathroom
- Suite completion and formal permit closeout remain required; property is offered as‑is
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
$17,544
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
4.02%
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%
$350,880
$350.9K
Cap Rate 7%
$250,629
$250.6K
Cap Rate 9%
$194,933
$194.9K
Market Conditions
NOI Build-Up for 1,503 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
$26.9K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.1K $16.67/SF
− OpEx
−$7.5K −$5.00/SF
NOI
$17.5K $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%
$350,880
Cap Rate 7%
$250,629
Cap Rate 9%
$194,933
Alternative Uses
Best Use
Multifamily LT 5
$250.6K
$219.3K – $292.4K
NOI $17,544 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$197.5K
$172.8K – $230.4K
NOI $13,823 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$390.9K
$342.1K – $456.1K
NOI $27,366 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,483
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 - Fenced residential property with public water and sewer, off-street parking, central air, and a separate-entry suite.
Where is this duplex located?
The property is located at 4120 BURLINGTON Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $436,900.
What are key features of this property?
This property features: 1,503‑square‑foot duplex with an attached in‑law suite; Suite includes a private entrance, kitchen area, living space, bedroom, and full bathroom; Suite completion and formal permit closeout remain required; property is offered as‑is
