Two-Unit Residential Income
2211 22ND Avenue S St Petersburg, FL 33712
For Sale
$299,900
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,400 SF
Lot Size0.19 Acres
Price / SF$214.21
Days on Market76
Property Features for 2211 22ND Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
- 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
- Central, Electric (Heating)
- 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
Changed: Jul 25
Last Checked: Jul 27 at 2:06AM
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 residential income property includes two separate buildings on one lot, each with its own address and independent electric and water meters for separate leasing. The front residence is a 968 sq ft bungalow with 3 bedrooms, high ceilings, and an enclosed front porch, with a freshly painted interior completed in 2026 and newer laminate flooring installed in 2025. A washer/dryer hookup is conveniently located off the kitchen.
The rear residence is a 432 sq ft concrete block 1-bedroom unit with a private fenced backyard. There is also ample rear parking space available on the property.
Convenient access to I-275 and nearby shopping, dining, entertainment, and local amenities supports the day-to-day usability of the homes.
The rear residence is a 432 sq ft concrete block 1-bedroom unit with a private fenced backyard. There is also ample rear parking space available on the property.
Convenient access to I-275 and nearby shopping, dining, entertainment, and local amenities supports the day-to-day usability of the homes.
Key Highlights
- Two separate buildings on one lot, each with separate addresses, electric meters, and water meters for independent leasing.
- Front residence is a 968 SF 3‑bedroom bungalow with high ceilings and a spacious enclosed front porch.
- Rear residence is a 432 SF concrete block 1‑bedroom unit with a private fenced backyard.
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 5.45%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate buildings on one lot offer independent metering, with a 3-bedroom front bungalow and a 1-bedroom rear unit.
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 $299,900.
What are key features of this property?
This property features: Two separate buildings on one lot, each with separate addresses, electric meters, and water meters for independent leasing.; Front residence is a 968 SF 3‑bedroom bungalow with high ceilings and a spacious enclosed front porch.; Rear residence is a 432 SF concrete block 1‑bedroom unit with a private fenced backyard.
