Income-Generating Duplex
526 12TH Avenue S St Petersburg, FL 33701
New
For Sale
$395,000
This income-producing duplex features two rented units, separate electric meters, and driveway parking for multiple vehicles.
Property Size1,650 SF
Price / SF$239.39
Days on Market3
Property Features for 526 12TH Avenue S
General Information
- Standard status
- Active
- Size
- 1,650 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1967
Listing Agency:
DIGI REALTY GROUP, INC.
Listed By:
Alfonso Digirolamo · License #721510975
Source:
Realestatecentralfl
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 5:19AM
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 DIGI REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
This income-producing duplex offers an owner-occupant or investor setup with two separate units. Both units are currently rented on month-to-month leases, and the property includes newer HVAC systems and a newer roof. Separate electric meters support individual utility arrangements, and the landlord currently pays for water and hot water. Driveway parking is available for multiple vehicles.
The property is located in historic Roser Park near downtown St. Petersburg, with convenient access to downtown and surrounding amenities as described.
The current configuration provides a fully occupied income stream while also allowing flexibility for house-hacking by living in one unit and renting the other.
The property is located in historic Roser Park near downtown St. Petersburg, with convenient access to downtown and surrounding amenities as described.
The current configuration provides a fully occupied income stream while also allowing flexibility for house-hacking by living in one unit and renting the other.
Key Highlights
- Income‑producing duplex with both units currently rented on month‑to‑month leases
- Combined gross rental income of $3,400 per month
- Separate electric meters for 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 | $29.5k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $27.5k | $16.67 |
| − OpEx | −$8.3k | −$5.00 |
| NOI | $19.3k | $11.67 |
1,650 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - This income-producing duplex features two rented units, separate electric meters, and driveway parking for multiple vehicles.
Where is this duplex located?
The property is located at 526 12TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Income‑producing duplex with both units currently rented on month‑to‑month leases; Combined gross rental income of $3,400 per month; Separate electric meters for each unit
