Two-Unit Duplex with Separate
720 - 724 7TH Street N St Petersburg, FL 33701
For Sale
$659,000
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,791 SF
Lot Size0.18 Acres
Price / SF$367.95
Days on Market49
Property Features for 720 - 724 7TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 4, Dining Room, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Split Bedroom, Window Treatments
Exterior features
Dog Run, Lighting, Private Mailbox, Private Yard
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Standard status
Active
APN
18-31-17-46836-001-0080
Size
1,791 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KINYON & WOODS ADD BLK A, LOT 8
Tax Annual Amount
10131
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Bamboo
Building materials
Block, Stucco, Frame
Roof type
Shingle
Additional Structures
Kennel/Dog Run, Guest House
Listing Agency:
COASTAL PROPERTIES GROUP
(727) 493-1555
Listed By:
Chimezie Joseph, PA · License #3314694
(305) 305-3294
Added: Jun 9
Changed: Jul 25
Last Checked: Jul 27 at 10:06PM
MLS# TB8517137
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 features two separate residences on one oversized lot, each with its own water and electric meters. The front residence offers an open living and dining area, an updated kitchen with stainless steel appliances, and a screened porch/sunroom, along with 2 bedrooms and 2 updated en-suite bathrooms. The rear residence includes 2 bedrooms, 1 bathroom, its own private living area, private laundry, and newer kitchen appliances. Updates reported include a brand-new roof on the main residence, electrical and plumbing upgrades, two brand-new water heaters, and a 2022 A/C.
Access is provided via an alley, with tandem off-street parking for up to 10 vehicles. The property is located in Flood Zone X, and the legal designation is described as a two-family setup.
The front and rear homes are currently described as having separate utility services and dedicated washer and dryer for each residence, supporting independent living arrangements and simplifying management for a rental scenario. Buyers should independently verify rental income, expenses, and projections.
Access is provided via an alley, with tandem off-street parking for up to 10 vehicles. The property is located in Flood Zone X, and the legal designation is described as a two-family setup.
The front and rear homes are currently described as having separate utility services and dedicated washer and dryer for each residence, supporting independent living arrangements and simplifying management for a rental scenario. Buyers should independently verify rental income, expenses, and projections.
Key Highlights
- Two residences on one parcel with alley access and tandem parking for up to 10 vehicles.
- Front home: approximately 1,098 SF with 2 bedrooms and 2 bathrooms; detached rear cottage adds additional private living space.
- Each residence is separately metered for water and electricity, with a dedicated washer and dryer in each unit.
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 | $32.0k | $17.88 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $29.9k | $16.67 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $20.9k | $11.67 |
1,791 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$298.6K
$261.3K – $348.4K
NOI $20,905 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$235.3K
$205.9K – $274.5K
NOI $16,472 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$465.9K
$407.6K – $543.5K
NOI $32,610 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences on one lot with separate water and electric meters and alley access with off-street parking.
Where is this duplex located?
The property is located at 720 - 724 7TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Two residences on one parcel with alley access and tandem parking for up to 10 vehicles.; Front home: approximately 1,098 SF with 2 bedrooms and 2 bathrooms; detached rear cottage adds additional private living space.; Each residence is separately metered for water and electricity, with a dedicated washer and dryer in each unit.
