Duplex on Oversized
For Sale
$398,000
Pending
1615 14TH STREET S, St Petersburg, FL 33705
Two separate residences offer off-street parking, public utilities, and independently metered electric and water service.
Property Size1,848 SF
Lot Size0.31 Acres
Days on Market60
Property Features for 1615 14TH STREET S
General Information
Standard status
Pending
Size
1,848 SF
Lot size
0.31 Acres
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
FRANKLIN & ASSOCIATES REALTY
(727) 420-8110
Listed By:
Mo Franklin · License #3075895
(904) 687-7876
Source:
Endlesssummerrealty
Added: Aug 17
Changed: Oct 15
Last Checked: Oct 14 at 11:58PM
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 FRANKLIN & ASSOCIATES REALTY
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Investment Insights
Based on property information with market context.
This duplex contains two separate units within a 1,848-square-foot property built in 1920. The improvements include updated electrical systems, separate water and electric meters, and off-street parking. Public water and sewer serve the property, supporting its current residential configuration.
The property occupies a 90-by-150-foot lot in St. Petersburg, near downtown St. Petersburg. Future construction or a possible lot split may be considered, subject to City of St. Petersburg zoning, permitting, land-use requirements, and final approval. Buyers should independently verify all redevelopment options with the City.
The property occupies a 90-by-150-foot lot in St. Petersburg, near downtown St. Petersburg. Future construction or a possible lot split may be considered, subject to City of St. Petersburg zoning, permitting, land-use requirements, and final approval. Buyers should independently verify all redevelopment options with the City.
Key Highlights
- Two‑unit duplex with 1,848 square feet
- Oversized 90‑by‑150‑foot lot
- Updated electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,571
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$431,420
$431.4K
Cap Rate 7%
$308,157
$308.2K
Cap Rate 9%
$239,678
$239.7K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$33.0K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.8K $16.67/SF
− OpEx
−$9.2K −$5.00/SF
NOI
$21.6K $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%
$431,420
Cap Rate 7%
$308,157
Cap Rate 9%
$239,678
Alternative Uses
Best Use
Multifamily LT 5
$308.2K
$269.6K – $359.5K
NOI $21,571 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$242.8K
$212.5K – $283.3K
NOI $16,996 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$480.7K
$420.6K – $560.8K
NOI $33,648 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
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 separate residences offer off-street parking, public utilities, and independently metered electric and water service.
Where is this duplex located?
The property is located at 1615 14TH STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $398,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,848 square feet; Oversized 90‑by‑150‑foot lot; Updated electrical systems
