Fenced Duplex with Private
For Sale
$615,000
2310 29TH Street N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size1,908 SF
Lot Size0.21 Acres
Price / SF$322.33
Days on Market74
Property Features for 2310 29TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1
Interior features
Ceiling Fans(s)
Exterior features
Fence, Private Entrance, Private Yard, Storage
Fencing
Fenced
Fireplace
1
Subdivision
WAVERLY PLACE
Directions
From exit 24 N, head west on 22nd Ave N. Make a right onto 29th St and the building will be on your left. 2300 unit faces Mazarros, 2310 faces 29th St and has the garage.
Standard status
Active
APN
11-31-16-95220-003-0150
Size
1,908 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
WAVERLY PLACE BLK C, LOTS 15 & 16
Tax Annual Amount
8228
Legal Description
WAVERLY PLACE BLK C, LOTS 15 & 16
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Amber Bennett · License #3402468
(727) 280-5821
Added: Jun 26
Changed: Sep 3
Last Checked: Sep 7 at 12:06PM
MLS# TB8523900
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 duplex contains 1,908 square feet on a 0.21-acre parcel, with a 1983 construction date. The property features block and stucco construction, central heating and cooling, ceiling fans, a shingle roof, private entrance, fenced outdoor space, private yard areas, and storage. Public water and public sewer serve the property, and a fireplace is also included.
Located at 2310 29th Street N in St. Petersburg, the property is minutes from Central Avenue shops and restaurants, with downtown St. Petersburg within an easy commute. The beach is approximately 20 minutes away. The property is identified as being in Flood Zone X, providing important context for evaluating the site.
Located at 2310 29th Street N in St. Petersburg, the property is minutes from Central Avenue shops and restaurants, with downtown St. Petersburg within an easy commute. The beach is approximately 20 minutes away. The property is identified as being in Flood Zone X, providing important context for evaluating the site.
Key Highlights
- 1,908‑square‑foot duplex on a 0.21‑acre parcel
- 1983 construction with block and stucco exterior
- Private entrance, fenced areas, private yards, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,271
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,420
$445.4K
Cap Rate 7%
$318,157
$318.2K
Cap Rate 9%
$247,456
$247.5K
Market Conditions
NOI Build-Up for 1,908 SF
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.
Gross rent
$34.1K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.8K $16.67/SF
− OpEx
−$9.5K −$5.00/SF
NOI
$22.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$445,420
Cap Rate 7%
$318,157
Cap Rate 9%
$247,456
Alternative Uses
Best Use
Multifamily LT 5
$318.2K
$278.4K – $371.2K
NOI $22,271 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,548 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$496.3K
$434.3K – $579.0K
NOI $34,740 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
968
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Private entrance, fenced yard, storage, and central HVAC support practical occupancy.
Where is this duplex located?
The property is located at 2310 29TH Street N St Petersburg, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 1,908‑square‑foot duplex on a 0.21‑acre parcel; 1983 construction with block and stucco exterior; Private entrance, fenced areas, private yards, and storage
