Corner Unit Duplex with
691 W HARBOR S DRIVE St Petersburg, FL 33705
691 W HARBOR S DRIVE, St Petersburg, FL, 33705
$595,000
For Sale
$595,000
Tenant-occupied corner duplex with two 2 bed, 1 bath units, tiled interiors, and large open/covered patios.
Property Size1,440 SF
Price / SF$413.19
Days on Market534
Property Features for 691 W HARBOR S DRIVE
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1957
Listing agency
ELITE TAMPA BAY REALTY LLC
(727) 324-9274
Listed by
David Weylie · License #3185121
(727) 324-9274
Source
Exitrealty
Added: Feb 2, 2025 Updated: Jul 21 at 7:58AM Checked: Jul 21 at 7:58AM
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 ELITE TAMPA BAY REALTY LLC
Investment Insights
Based on property information with market context.
This tenant-occupied corner unit duplex offers two spacious 2-bedroom, 1-bath homes. Each unit includes tiled finishes and newer kitchen features, and both provide a very large open/covered patio for outdoor use. The property is also fenced in.
Per the provided information, the units are each 720 square feet and currently generate $3,500 in combined monthly rent, with gross annual income of $42,000. Tenants are in place, so please do not disturb.
The home’s duplex configuration provides two separate residences on the corner site, presenting a straightforward income-oriented ownership setup based on current occupancy.
Per the provided information, the units are each 720 square feet and currently generate $3,500 in combined monthly rent, with gross annual income of $42,000. Tenants are in place, so please do not disturb.
The home’s duplex configuration provides two separate residences on the corner site, presenting a straightforward income-oriented ownership setup based on current occupancy.
Key Highlights
- Corner unit duplex built in 1957 with tenant‑occupied 2 bed, 1 bath units
- Two 720 SF units, each with tile interiors and newer kitchen features
- Gross annual income of $42,000 with $3,500 combined monthly rent (tenant occupied)
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 | $25.7k | $17.88 |
| − Vacancy | −$1.7k | −$1.21 |
| EGI | $24.0k | $16.67 |
| − OpEx | −$7.2k | −$5.00 |
| NOI | $16.8k | $11.67 |
1,440 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.1K
NOI $16,808 @ 7.0% cap · market cap 2.82%
Second Best
Apartment 5plus
$189.2K
$165.6K – $220.7K
NOI $13,244 @ 7.0% cap · market cap 2.23%
Theoretical Best
Office A
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Tenant-occupied corner duplex with two 2 bed, 1 bath units, tiled interiors, and large open/covered patios.
Where is this duplex located?
The property is located at 691 W HARBOR S DRIVE St Petersburg, FL.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Corner unit duplex built in 1957 with tenant‑occupied 2 bed, 1 bath units; Two 720 SF units, each with tile interiors and newer kitchen features; Gross annual income of $42,000 with $3,500 combined monthly rent (tenant occupied)
