Duplex with Screened
For Sale
$310,000
Pending
4390 43RD N STREET, St Petersburg, FL 33714
Two-unit property with separate layouts, off-street parking, and short-term rentals allowed.
Property Size1,320 SF
Days on Market530
Property Features for 4390 43RD N STREET
General Information
Standard status
Pending
Size
1,320 SF
Total Parking Spaces
2
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,919
Building Details
Year Built
1953
Listing Agency:
LIZA RHIMA
(941) 677-5016
Listed By:
Liza Rhima · License #3323115
(941) 677-5016
Source:
Exitrealty
Added: Mar 21, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:04PM
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 LIZA RHIMA
Investment Insights
Based on property information with market context.
This duplex contains approximately 1,320 square feet across two units. Unit A is configured as a one-bedroom residence and has undergone renovations. Unit B includes an eat-in kitchen, interior laundry, full bathroom, bonus room, and screened patio. Each unit has off-street parking, with one carport and one parking pad.
Property updates include a 2018 roof, two electric panels installed in 2015, a 2025 water heater, and window AC units installed from 2023 through 2025. Short-term rentals are allowed, and no flood insurance is required. One one-bedroom unit is leased. The property is being sold as-is and is located near a lake, trails, an elementary school, Publix, restaurants, HCA hospital, retail corridors, and public transit, with access to downtown, I-275, and the beaches.
Property updates include a 2018 roof, two electric panels installed in 2015, a 2025 water heater, and window AC units installed from 2023 through 2025. Short-term rentals are allowed, and no flood insurance is required. One one-bedroom unit is leased. The property is being sold as-is and is located near a lake, trails, an elementary school, Publix, restaurants, HCA hospital, retail corridors, and public transit, with access to downtown, I-275, and the beaches.
Key Highlights
- Approximately 1,320 SF duplex with two units
- Unit B includes an eat‑in kitchen, interior laundry, bonus room, and screened patio
- Off‑street parking for both units; one carport and one parking pad
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,408
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,160
$308.2K
Cap Rate 7%
$220,114
$220.1K
Cap Rate 9%
$171,200
$171.2K
Market Conditions
NOI Build-Up for 1,320 SF
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.
Gross rent
$23.6K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.0K $16.67/SF
− OpEx
−$6.6K −$5.00/SF
NOI
$15.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,160
Cap Rate 7%
$220,114
Cap Rate 9%
$171,200
Alternative Uses
Best Use
Multifamily LT 5
$220.1K
$192.6K – $256.8K
NOI $15,408 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$173.4K
$151.8K – $202.3K
NOI $12,140 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$343.3K
$300.4K – $400.6K
NOI $24,034 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate layouts, off-street parking, and short-term rentals allowed.
Where is this duplex located?
The property is located at 4390 43RD N STREET St Petersburg, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Approximately 1,320 SF duplex with two units; Unit B includes an eat‑in kitchen, interior laundry, bonus room, and screened patio; Off‑street parking for both units; one carport and one parking pad
