Two-Unit Income
2211 22ND Avenue S St Petersburg, FL 33712
2211 22ND Avenue S, St Petersburg, FL, 33712
$325,000
For Sale
$325,000
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,400 SF
Lot Size0.19 Acres
Price / SF$232.14
Days on Market71
Property Features for 2211 22ND Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
- Interior features
- Ceiling Fans(s)
- Exterior features
- Sidewalk
- Standard status
- Active
- APN
- 25-31-16-56988-000-0440
- Size
- 1,400 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MEARE'S, G.W. REV. MAP LOT 44 (SEE S26 MAP)
- Tax Annual Amount
- 4144
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1926
- Building materials
- Block, Concrete, Frame
- Roof type
- Shingle
Listing agency
KELLER WILLIAMS REALTY- PALM H
(727) 772-0772
Listed by
Damary Rios · License #3398103
(727) 460-4217
Added: May 13 Updated: Jul 21 at 6:08PM Checked: Jul 22 at 1:06AM
MLS# TB8507696
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 two-unit duplex property includes two separate buildings on one lot, with each residence having its own address, electric meter, and water meter. The front unit is a 968-square-foot bungalow with three bedrooms, high ceilings, an enclosed front porch, freshly painted interior (2026), and newer laminate flooring (2025), plus washer/dryer hookups located off the kitchen. The rear unit is a 432-square-foot concrete block 1-bedroom home with a private fenced backyard.
The property provides ample rear parking and is located in St. Petersburg with convenient access to I-275, shopping, dining, and local amenities near downtown.
Both residences can be leased independently, allowing for flexible owner-occupant or investor use while keeping utility billing separated.
The property provides ample rear parking and is located in St. Petersburg with convenient access to I-275, shopping, dining, and local amenities near downtown.
Both residences can be leased independently, allowing for flexible owner-occupant or investor use while keeping utility billing separated.
Key Highlights
- Two separate buildings on one lot: front 968 SF 3‑bedroom bungalow plus rear 432 SF 1‑bedroom concrete block unit
- Separate addresses, electric meters, and water meters for independent leasing options (rent one unit or both)
- Central air cooling and central electric heating
Local 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 | $25.0k | $17.88 |
| − Vacancy | −$1.7k | −$1.21 |
| EGI | $23.3k | $16.67 |
| − OpEx | −$7.0k | −$5.00 |
| NOI | $16.3k | $11.67 |
1,400 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate residences on one lot, each with separate metering and addresses for independent leasing.
Where is this duplex located?
The property is located at 2211 22ND Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two separate buildings on one lot: front 968 SF 3‑bedroom bungalow plus rear 432 SF 1‑bedroom concrete block unit; Separate addresses, electric meters, and water meters for independent leasing options (rent one unit or both); Central air cooling and central electric heating
