Two-Home Duplex
New
For Sale
$534,000
1646 28TH Avenue N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size1,866 SF
Lot Size0.15 Acres
Price / SF$286.17
Days on Market4
Property Features for 1646 28TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NT
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 1
Parking features
Driveway, Off Street
Window features
Blinds
Patio and Porch features
Deck
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Fence, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
PINE CITY SUB REP
Lot features
Street Brick
Elementary school
Woodlawn Elementary-PN
Middle school
Meadowlawn Middle-PN
High school
St. Petersburg High-PN
Directions
From I-275, exit east on 22nd Ave N. Go left on 16th St N and left on 28th Ave N.
Standard status
Active
APN
12-31-16-69102-011-0070
Size
1,866 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE CITY SUB REPLAT BLK 11, LOT 7
Tax Annual Amount
7381
Legal Description
PINE CITY SUB REPLAT BLK 11, LOT 7
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private fenced and landscaped yards
walkways
parking
composite rear deck
inside laundry
covered porch
private rear entry area
Building Details
Year built
1925
Floors in Building
1
Flooring type
Tile - Ceramic, Hardwood
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Jennifer Kowalski
(727) 910-0333
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 10:06PM
MLS# TB8557248
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.
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Investment Insights
Based on property information with market context.
The 1,866-square-foot property comprises two homes on a 0.15-acre lot. The front residence has three bedrooms, one bathroom, and a bonus room, along with an updated kitchen, rear deck, and laundry closet. Its roof dates to 2022, and its HVAC system was installed in 2018. The rear home, built in 2018, has two bedrooms and one bathroom, private indoor laundry, and a covered porch. Each dwelling has its own water and electrical meters, fenced yard, and parking area.
The property is 1.2 miles from 4th St, Trader Joe’s, Coffee Pot Park, and Sunken Gardens. Both homes have been continuously rented since the current owner purchased them; the rear residence is currently occupied.
The property is 1.2 miles from 4th St, Trader Joe’s, Coffee Pot Park, and Sunken Gardens. Both homes have been continuously rented since the current owner purchased them; the rear residence is currently occupied.
Key Highlights
- Two homes on a 0.15‑acre lot
- 1,866 square feet of building area
- Front residence: 3 bedrooms, 1 bathroom, and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,162
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,240
$343.2K
Cap Rate 7%
$245,171
$245.2K
Cap Rate 9%
$190,689
$190.7K
Market Conditions
NOI Build-Up for 1,866 SF
Gross rent
$33.6K $18.00/SF
− Vacancy
−$2.4K −$1.28/SF
EGI
$31.2K $16.72/SF
− OpEx
−$14.0K −$7.52/SF
NOI
$17.2K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,240
Cap Rate 7%
$245,171
Cap Rate 9%
$190,689
Alternative Uses
Best Use
Apartment 5plus
$245.2K
$214.5K – $286.0K
NOI $17,162 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.4K
$424.7K – $566.3K
NOI $33,975 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
954
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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Frequently Asked Questions
What type of property is this?
Single family property - Each residence has private outdoor space, separate utility meters, and its own laundry facilities.
Where is this single family property located?
The property is located at 1646 28TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $534,000.
What are key features of this property?
This property features: Two homes on a 0.15‑acre lot; 1,866 square feet of building area; Front residence: 3 bedrooms, 1 bathroom, and a bonus room
