Updated Duplex with Impact
781 31ST AVENUE N St Petersburg, FL 33704
781 31ST AVENUE N, St Petersburg, FL, 33704
$824,000
For Sale
$824,000
Duplex - ST PETERSBURG, FL
Property Size2,631 SF
Lot Size0.07 Acres
Price / SF$313.19
Days on Market164
Property Features for 781 31ST AVENUE N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s)
- Exterior features
- Courtyard, Private Entrance
- Fireplace
- 1
- Standard status
- Active
- APN
- 07-31-17-79596-000-0221
- Size
- 2,631 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6830.48
Utilities
- Heating system
- Central, Fireplace(s)
- Cooling system
- Central Air
Building Details
- Year built
- 1925
- Number of units
- 2
- Building materials
- Frame, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
DALTON WADE INC
(888) 668-8283
260 1st Ave S. Suite 200, St. Petersburg, FL
Listed by
Kevin Marrow · License #3437158
(740) 632-1814
Added: Feb 3 Checked: Jul 17 at 12:06 am
MLS# TB8471937
Listing URL
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 updated duplex offers two spacious units, each featuring 2 bedrooms, 2 bathrooms, and an office. The property has been enhanced with new plumbing, electrical, HVAC, and impact windows. Both apartments also include in-unit laundry, along with updated kitchens featuring all-wood cabinetry, granite countertops, and stainless steel appliances.
Located in St. Petersburg, the duplex is described as being just minutes from downtown, dining, shopping, parks, and major corridors, supporting convenient day-to-day access. The address is 781 31ST AVENUE N, ST PETERSBURG, FL 33704, in Pinellas County.
The layout supports a range of owner and tenant needs, including living in one unit while renting the other, or operating the property as an income-focused asset. With mechanical and exterior upgrades already in place and each unit configured for comfortable everyday living, the duplex is well-suited for buyers seeking a turnkey, updated residential income property.
Located in St. Petersburg, the duplex is described as being just minutes from downtown, dining, shopping, parks, and major corridors, supporting convenient day-to-day access. The address is 781 31ST AVENUE N, ST PETERSBURG, FL 33704, in Pinellas County.
The layout supports a range of owner and tenant needs, including living in one unit while renting the other, or operating the property as an income-focused asset. With mechanical and exterior upgrades already in place and each unit configured for comfortable everyday living, the duplex is well-suited for buyers seeking a turnkey, updated residential income property.
Key Highlights
- Prime location: Minutes from downtown St. Pete, dining, shopping, and parks.
- Fully updated with new plumbing, electrical, HVAC, and impact windows.
- Two spacious 2 bed 2 bath units, each with an office.
Local 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 | $47.0k | $17.88 |
| − Vacancy | −$3.2k | −$1.21 |
| EGI | $43.9k | $16.67 |
| − OpEx | −$13.2k | −$5.00 |
| NOI | $30.7k | $11.67 |
2,631 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$438.7K
$383.9K – $511.8K
NOI $30,710 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Updated two-unit duplex with in-unit laundry, modern kitchens, and impact windows across two spacious 2-bedroom homes.
Where is this duplex located?
The property is located at 781 31ST AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $824,000.
What are key features of this property?
This property features: Prime location: Minutes from downtown St. Pete, dining, shopping, and parks.; **Fully updated with new plumbing, electrical, HVAC, and impact windows.**; **Two spacious 2 bed 2 bath units, each with an office.**
