Remodeled Duplex With Two
For Sale
$579,990
1543 43rd St S, St Petersburg, FL 33711
Two separately fenced residences offer updated interiors, central air, and off-street parking on a corner lot.
Property Size2,074 SF
Price / SF$279.65
Days on Market42
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Property Features for 1543 43rd St S
General Information
Standard status
Active
Size
2,074 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR+office
Multifamily Units
2
Amenities
central air
new floors
remodeled kitchens
remodeled bathrooms
laundry room
off-street parking
Building Details
Year Built
1955
Buildings
2
Listing Agency:
Align Right Realty LLC
(727) 264-6800
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 4
Changed: Oct 15
Last Checked: Oct 14 at 11:01PM
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 Align Right Realty LLC
Investment Insights
Based on property information with market context.
This duplex property consists of two separate homes on one lot, providing a total of 2,074 square feet of living area. The front residence includes 4 bedrooms and 2 bathrooms within approximately 1,200 square feet. The second home offers approximately 1,000 square feet with 3 bedrooms, an office, and a laundry room that could be converted to a bathroom. Both residences have central air, 2024 roofs, new flooring, refreshed interior finishes, and remodeled kitchens and bathrooms.
Each home is individually fenced, and the corner-lot property includes off-street parking. The second residence is rent-ready, while the front home is currently occupied. Originally built in 1955, the property has had deferred maintenance items updated.
Each home is individually fenced, and the corner-lot property includes off-street parking. The second residence is rent-ready, while the front home is currently occupied. Originally built in 1955, the property has had deferred maintenance items updated.
Key Highlights
- Two homes on one lot with 2,074 square feet of combined living area
- Front home includes 4 bedrooms, 2 bathrooms, and approximately 1,200 square feet
- Second residence offers 3 bedrooms, an office, and approximately 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,209
Cap Rate
4.17%
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 4.17%
Second Best
Apartment 5plus
$272.5K
$238.4K – $317.9K
NOI $19,075 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$539.5K
$472.0K – $629.4K
NOI $37,762 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 offer updated interiors, central air, and off-street parking on a corner lot.
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 $579,990.
What are key features of this property?
This property features: Two homes on one lot with 2,074 square feet of combined living area; Front home includes 4 bedrooms, 2 bathrooms, and approximately 1,200 square feet; Second residence offers 3 bedrooms, an office, and approximately 1,000 square feet
