Two-Unit Duplex with New
For Sale
$374,900
1626 29th Ave N, St Petersburg, FL 33713
Separate front and rear units provide flexible options for rental operation, owner occupancy, or a combination of both.
Property Size1,302 SF
Price / SF$287.94
Days on Market50
Property Features for 1626 29th Ave N
General Information
Standard status
Active
Size
1,302 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1953
Listing Agency:
Realty Experts
(727) 888-1000
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 24 at 5:10PM
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 Realty Experts
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Investment Insights
Based on property information with market context.
This 1,302-square-foot duplex, built in 1953, contains two separate units with distinct layouts. The front residence includes 3 bedrooms and 1 bath, while the rear unit provides 1 bedroom and 1 bath. Recent exterior work includes new stucco.
The property is in St. Petersburg near downtown, shopping, dining, parks, and major roadways. Surrounding development includes new homes and active construction projects, adding context for the neighborhood. The two-unit configuration supports a range of occupancy arrangements, including leasing both units, living in one, or combining personal use with rental operation.
The property is in St. Petersburg near downtown, shopping, dining, parks, and major roadways. Surrounding development includes new homes and active construction projects, adding context for the neighborhood. The two-unit configuration supports a range of occupancy arrangements, including leasing both units, living in one, or combining personal use with rental operation.
Key Highlights
- Two‑unit duplex with 1,302 SF of total property size
- Front unit includes 3 bedrooms and 1 bath
- Separate rear unit offers 1 bedroom and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,197
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$303,940
$303.9K
Cap Rate 7%
$217,100
$217.1K
Cap Rate 9%
$168,856
$168.9K
Market Conditions
NOI Build-Up for 1,302 SF
Gross rent
$23.3K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.7K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.2K $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%
$303,940
Cap Rate 7%
$217,100
Cap Rate 9%
$168,856
Alternative Uses
Best Use
Multifamily LT 5
$217.1K
$190.0K – $253.3K
NOI $15,197 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$171.1K
$149.7K – $199.6K
NOI $11,975 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$338.7K
$296.3K – $395.1K
NOI $23,706 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
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 - Separate front and rear units provide flexible options for rental operation, owner occupancy, or a combination of both.
Where is this duplex located?
The property is located at 1626 29th Ave N St Petersburg, FL.
What is the asking price?
The asking price for this property is $374,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,302 SF of total property size; Front unit includes 3 bedrooms and 1 bath; Separate rear unit offers 1 bedroom and 1 bath
