Remodeled Duplex with Two
New
For Sale
$599,990
1543 43RD Street S, St Petersburg, FL 33711
Residential Income, ST PETERSBURG, FL
Property Size2,074 SF
Lot Size0.15 Acres
Price / SF$289.29
Days on Market2
Property Features for 1543 43RD Street S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 6, Dining Room, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 5, Bathroom 1, Family Room
Parking features
Off Street, On Street, Driveway
Pets allowed
Yes
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Thermostat
Exterior features
Private Entrance, Private Mailbox, Private Yard
Appliances
Convection Oven, Dishwasher, Electric Water Heater, Microwave, Range Hood, Refrigerator
Subdivision
RICHARDSONS W E
Elementary school
Fairmount Park Elementary-PN
Middle school
Azalea Middle-PN
High school
Boca Ciega High-PN
Directions
Take I-275 toward St. Petersburg and take Exit 22 for 1st Ave S. Head west on 1st Ave S for a brief distance. Turn left (south) onto Dr. M.L.K. Jr St S (US-19 Alt). Continue south on MLK Jr St S down to 43rd Ave S. Turn left (east) onto 43rd Ave S (43rd St S runs intersecting off this area near the Skyway Marina district / south St. Pete). Arrive at 1543 43rd St S.
Standard status
Active
APN
27-31-16-74646-000-0060
Size
2,074 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RICHARDSON'S, W. E. LOT 6
Tax Annual Amount
3302
Legal Description
RICHARDSON'S, W. E. LOT 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
central air
individually fenced
Building Details
Year built
1955
Floors in Building
1
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Carissa White
(253) 293-4590
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 8:06AM
MLS# TB8545222
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex comprises two separate homes totaling 2,074 square feet on a 0.15-acre corner lot. The front residence offers four bedrooms and two bathrooms, while the second includes three bedrooms, an office, and a laundry room. Both homes feature remodeled kitchens and bathrooms, new flooring, fresh interior finishes, central air, and 2024 roofs. The second residence is described as rent-ready, and the property also includes individually fenced yards, private entrances, off-street parking, driveway parking, and on-street parking.
Built in 1955, the property has wood siding, shingle roofing, vinyl flooring, public water, and public sewer. Interior features include open-plan living areas, ceiling fans, and a kitchen-family room combination. Appliances include refrigerators, dishwashers, microwaves, convection ovens, range hoods, and electric water heaters.
Built in 1955, the property has wood siding, shingle roofing, vinyl flooring, public water, and public sewer. Interior features include open-plan living areas, ceiling fans, and a kitchen-family room combination. Appliances include refrigerators, dishwashers, microwaves, convection ovens, range hoods, and electric water heaters.
Key Highlights
- Two homes totaling 2,074 square feet on a 0.15‑acre corner lot
- Front home includes 4 bedrooms and 2 bathrooms
- Second home offers 3 bedrooms, an office, and a 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 Street 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 homes totaling 2,074 square feet on a 0.15‑acre corner lot; Front home includes 4 bedrooms and 2 bathrooms; Second home offers 3 bedrooms, an office, and a laundry room
