Two-Unit Duplex with Updated
New
For Sale
$450,000
5000 74TH Street N, St Petersburg, FL 33709
Residential Income, ST PETERSBURG, FL
Property Size1,680 SF
Lot Size0.32 Acres
Price / SF$267.86
Days on Market6
Property Features for 5000 74TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Family Room, Bathroom 1
Parking features
Open
Pets allowed
Yes
Interior features
Kitchen/Family Room Combo
Exterior features
Fence, Lighting
Fencing
Fenced
Subdivision
ACREAGE
Directions
54th Ave N to 71st St N to 50th Ave N to 74th St N to address
Standard status
Active
APN
06-31-16-00000-220-1800
Size
1,680 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF SEC 06-31-16 DESC BEG SE COR OF NW 1/4 OF NW 1/4 TH N89D40'16"W 78.61FT TH CUR RT ARC 171.88FT RAD 1198.57FT CB N21D05'30"W 171.73FT TH S89D45'10"E 142.63FT TH S00D47'45"W 160.08FT LESS E 15FT FOR RD R/W & LESS N 32.2FT
Tax Annual Amount
7595
Legal Description
PART OF SEC 06-31-16 DESC BEG SE COR OF NW 1/4 OF NW 1/4 TH N89D40'16"W 78.61FT TH CUR RT ARC 171.88FT RAD 1198.57FT CB N21D05'30"W 171.73FT TH S89D45'10"E 142.63FT TH S00D47'45"W 160.08FT LESS E 15FT FOR RD R/W & LESS N 32.2FT
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
shared covered laundry room
Building Details
Year built
1980
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Nicole Brooks · License #3350317
(727) 481-0814
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 9 at 3:06PM
MLS# TB8546783
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 units within a 1,680-square-foot property built in 1980. Both residences have updated kitchens, bathrooms, and windows, with separate living areas for each unit. A shared covered laundry room is positioned beneath the covered front porch. The building features block and stucco construction, central heating and cooling, a shingle roof, open parking, fencing, and exterior lighting.
The property occupies 0.32 acres and carries R-4 zoning. Public water and public sewer serve the site. Fishing access at Saint Joe's Creek adds an outdoor amenity to the property. Each unit includes a kitchen and family room combination, while the overall layout includes four bedrooms and two bathrooms.
The property occupies 0.32 acres and carries R-4 zoning. Public water and public sewer serve the site. Fishing access at Saint Joe's Creek adds an outdoor amenity to the property. Each unit includes a kitchen and family room combination, while the overall layout includes four bedrooms and two bathrooms.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,680 square feet on 0.32 acres
- Updated kitchens, bathrooms, and windows
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
$19,610
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
4.36%
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%
$392,200
$392.2K
Cap Rate 7%
$280,143
$280.1K
Cap Rate 9%
$217,889
$217.9K
Market Conditions
NOI Build-Up for 1,680 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
$30.0K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$28.0K $16.67/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$19.6K $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%
$392,200
Cap Rate 7%
$280,143
Cap Rate 9%
$217,889
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Explore this area
Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature refreshed kitchens, bathrooms, and windows, plus shared covered laundry and fishing access at Saint Joe's Creek.
Where is this duplex located?
The property is located at 5000 74TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,680 square feet on 0.32 acres; Updated kitchens, bathrooms, and windows
