Duplex With Income-Generating
2000 22ND S STREET 1 & 2 St Petersburg, FL 33712
For Sale
$215,000
Two 2-bedroom, 2-bath duplex units are leased through June 30, 2025, with tenants paying electric.
Property Size884 SF
Price / SF$243.21
Days on Market585
Property Features for 2000 22ND S STREET 1 & 2
General Information
- Standard status
- Active
- Size
- 884 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
KELLER WILLIAMS REALTY SMART
(863) 409-5649
Listed By:
Kristin Kellin · License #3317559
(863) 409-5649
Source:
Exitrealty
Added: Dec 16, 2024
Changed: Jul 22
Last Checked: Jul 23 at 5:08AM
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 KELLER WILLIAMS REALTY SMART
Investment Insights
Based on property information with market context.
This property is a duplex made up of two mirrored units, each offering 2 bedrooms and 2 bathrooms. Unit 1 and Unit 2 are currently leased, with leases in place through June 30, 2025. Tenants are responsible for electric, while the owner handles water, sewer, and trash. The roof was replaced in 2019. The property is being sold as-is, and occupants should not be disturbed.
The duplex is located at 2000 22ND S STREET, St Petersburg, FL 33712.
Each unit is configured as a 2-bedroom, 2-bath layout, providing an income-producing residential setup with separate sides of the duplex.
The duplex is located at 2000 22ND S STREET, St Petersburg, FL 33712.
Each unit is configured as a 2-bedroom, 2-bath layout, providing an income-producing residential setup with separate sides of the duplex.
Key Highlights
- 1925‑built 2‑bedroom, 2‑bath duplex with 1/1 each side
- Both units are leased through June 30, 2025
- Unit 1 rents for $1,000/month and Unit 2 rents for $1,200/month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.8k | $17.88 |
| − Vacancy | −$1.1k | −$1.21 |
| EGI | $14.7k | $16.67 |
| − OpEx | −$4.4k | −$5.00 |
| NOI | $10.3k | $11.67 |
884 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$147.4K
$129.0K – $172.0K
NOI $10,318 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$116.1K
$101.6K – $135.5K
NOI $8,130 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$229.9K
$201.2K – $268.3K
NOI $16,095 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 2-bath duplex units are leased through June 30, 2025, with tenants paying electric.
Where is this duplex located?
The property is located at 2000 22ND S STREET 1 & 2 St Petersburg, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1925‑built 2‑bedroom, 2‑bath duplex with 1/1 each side; Both units are leased through June 30, 2025; Unit 1 rents for $1,000/month and Unit 2 rents for $1,200/month
