Remodeled Two-Home Duplex
New
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 Market6
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
(253) 293-4590
Source:
Judibeck
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 7 at 9:11AM
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
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 = 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
$24,209
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
4.03%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
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
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 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
