Remodeled Two-Home Duplex
For Sale
$599,990
1543 43RD ST S, St Petersburg, FL 33711
Two separately fenced residences share a corner lot with off-street parking and updated interiors.
Property Size2,074 SF
Days on Market52
Property Features for 1543 43RD ST S
General Information
Standard status
Active
Size
2,074 SF
Property subtype
Duplex
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR+office
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,302
Amenities
central air
fenced yards
off-street parking
Building Details
Building Size
2,074 SF
Year Built
1955
Buildings
2
Listing Agency:
DALTON WADE INC
Listed By:
Carissa White · License #260056629
(253) 293-4590
Source:
Judibeck
Added: Sep 2
Changed: Sep 28
Last Checked: Oct 21 at 6:49AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
This duplex property comprises two remodeled homes on a single corner parcel. The front residence offers approximately 1,200 square feet with 4 bedrooms and 2 bathrooms, while the second includes approximately 1,000 square feet, 3 bedrooms, an office, and a laundry room that may be converted to a bathroom. Both homes feature central air conditioning, 2024 roofs, updated flooring, refreshed interior finishes, and renovated kitchens and bathrooms.
Each residence has its own fencing, and off-street parking is provided. The property was built in 1955, with deferred maintenance addressed through the updates. The two-home configuration supports separate residential occupancy within one duplex asset.
Each residence has its own fencing, and off-street parking is provided. The property was built in 1955, with deferred maintenance addressed through the updates. The two-home configuration supports separate residential occupancy within one duplex asset.
Key Highlights
- Two remodeled homes on one lot
- Front home: approximately 1,200 square feet, 4 bedrooms, and 2 bathrooms
- Second home: approximately 1,000 square feet, 3 bedrooms, office, and laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,209
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,180
$484.2K
Cap Rate 7%
$345,843
$345.8K
Cap Rate 9%
$268,989
$269.0K
Market Conditions
NOI Build-Up for 2,074 SF
Gross rent
$37.1K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.6K $16.67/SF
− OpEx
−$10.4K −$5.00/SF
NOI
$24.2K $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%
$484,180
Cap Rate 7%
$345,843
Cap Rate 9%
$268,989
Alternative Uses
Best Use
Multifamily LT 5
$345.8K
$302.6K – $403.5K
NOI $24,209 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$272.5K
$238.4K – $317.9K
NOI $19,075 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$539.5K
$472.0K – $629.4K
NOI $37,762 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
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Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
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
Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced residences share a corner lot with off-street parking and updated interiors.
Where is this duplex located?
The property is located at 1543 43RD ST S St Petersburg, FL.
What is the asking price?
The asking price for this property is $599,990.
What are key features of this property?
This property features: Two remodeled homes on one lot; Front home: approximately 1,200 square feet, 4 bedrooms, and 2 bathrooms; Second home: approximately 1,000 square feet, 3 bedrooms, office, and laundry room
