Two-Story Duplex with Shared
For Sale
$499,000
1059 5TH ST N, St Petersburg, FL 33701
Income-producing duplex with separate upper and lower residences, shared laundry, storage, and a fenced outdoor area.
Property Size1,820 SF
Days on Market125
Property Features for 1059 5TH ST N
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,167
Amenities
shared laundry room
shared fenced yard
Building Details
Building Size
1,820 SF
Year Built
1915
Buildings
1
Listing Agency:
REAL BROKER, LLC
Listed By:
D.J. Bryant · License #3415242
(863) 206-5755
Source:
Judibeck
Added: Jun 4
Changed: Oct 3
Last Checked: Oct 5 at 9:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This two-level duplex contains 1,820 square feet across two separate residences. The upper apartment includes two bedrooms and two bathrooms, while the lower apartment provides one bedroom and one bathroom. Both units offer substantial living areas, and the property includes a communal laundry room with additional storage. A fenced shared yard serves both residences. Professional management is currently established and may remain in place.
The property is in Uptown, a few blocks from Crescent Lake, Downtown St. Pete, and the retail and dining along 4th Street. Downtown St. Pete is less than 5 minutes away, while Downtown Tampa and the Gulf Beaches are each under 30 minutes from the property.
The property is in Uptown, a few blocks from Crescent Lake, Downtown St. Pete, and the retail and dining along 4th Street. Downtown St. Pete is less than 5 minutes away, while Downtown Tampa and the Gulf Beaches are each under 30 minutes from the property.
Key Highlights
- Two residences totaling 1,820 square feet
- Upper unit includes 2 bedrooms and 2 bathrooms
- Lower unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,244
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,880
$424.9K
Cap Rate 7%
$303,486
$303.5K
Cap Rate 9%
$236,044
$236.0K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$32.5K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.3K $16.67/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$21.2K $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 Rate 5%
$424,880
Cap Rate 7%
$303,486
Cap Rate 9%
$236,044
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$239.1K
$209.2K – $279.0K
NOI $16,739 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$473.4K
$414.2K – $552.3K
NOI $33,138 @ 7.0% cap · market cap 6.64%
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
2,719
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
Median Home Value
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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 - Income-producing duplex with separate upper and lower residences, shared laundry, storage, and a fenced outdoor area.
Where is this duplex located?
The property is located at 1059 5TH ST N St Petersburg, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two residences totaling 1,820 square feet; Upper unit includes 2 bedrooms and 2 bathrooms; Lower unit includes 1 bedroom and 1 bathroom
