Two-Unit Duplex with
For Sale
$275,000
2354 7TH S STREET, St Petersburg, FL 33705
Income-producing residential property with separate utility metering, updated appliances, and one currently available unit.
Property Size1,408 SF
Price / SF$195.31
Days on Market688
Property Features for 2354 7TH S STREET
General Information
Standard status
Active
Size
1,408 SF
Total Parking Spaces
2
Property subtype
Multi Family
Occupancy
50%
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,856
Building Details
Year Built
1956
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Andrei Dovgopolyi · License #3281640
(813) 957-3295
Source:
Exitrealty
Added: Nov 26, 2024
Changed: Sep 2
Last Checked: Sep 15 at 5:00AM
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 FUTURE HOME REALTY INC
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Investment Insights
Based on property information with market context.
Built in 1956, this 1,408-square-foot duplex contains two 2-bedroom, 1-bath units, each with an attached carport. The property has tile flooring throughout, along with updated stoves and refrigerators installed less than 2 years ago. Maintenance items are up to date, and the sale is offered as-is.
One unit is vacant while the other is occupied under a month-to-month lease. Separate electric and water meters support independent utility management for each side. The property is located in South Saint Petersburg near public transportation, shopping, restaurants, schools, and major highways.
One unit is vacant while the other is occupied under a month-to-month lease. Separate electric and water meters support independent utility management for each side. The property is located in South Saint Petersburg near public transportation, shopping, restaurants, schools, and major highways.
Key Highlights
- 1,408‑square‑foot duplex with two 2‑bedroom, 1‑bath units
- One unit vacant; the other occupied under a month‑to‑month lease
- Separate electric and water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,435
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,700
$328.7K
Cap Rate 7%
$234,786
$234.8K
Cap Rate 9%
$182,611
$182.6K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$25.2K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.5K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.4K $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%
$328,700
Cap Rate 7%
$234,786
Cap Rate 9%
$182,611
Alternative Uses
Best Use
Multifamily LT 5
$234.8K
$205.4K – $273.9K
NOI $16,435 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$185.0K
$161.9K – $215.8K
NOI $12,950 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$366.2K
$320.5K – $427.3K
NOI $25,636 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property with separate utility metering, updated appliances, and one currently available unit.
Where is this duplex located?
The property is located at 2354 7TH S STREET St Petersburg, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,408‑square‑foot duplex with two 2‑bedroom, 1‑bath units; One unit vacant; the other occupied under a month‑to‑month lease; Separate electric and water meters for each unit
