Legal Duplex with Spacious
2371 7TH STREET S, St Petersburg, FL 33705
For Sale
$269,000
Vacant two-unit property with separate electric meters and a partially renovated lower residence.
Property Size1,387 SF
Price / SF$193.94
Days on Market102
Property Features for 2371 7TH STREET S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
0.18 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 31-31-17-74304-000-0240, Public Survey Range: 17, Public Survey Section: 31, Annual Amount: $15.33, Tax Block: 2, Tax Book Number: 6-54, Legal Description: RENWICK, ERLE SUB NO. 2 LOT 24, Lot: 24, Year: 2025
Central Air
Central
Inside
Listing ID: MFRTB8535007, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-03, 83 days on market, Special Conditions: None
Shutters
3 total bedrooms
Built in 1953, Living area: 1387, Living area units: Square Feet, Construction Materials: Block
Subdivision: RENWICK ERLE SUB 2, MLS Area (Major): 33705 - St Pete, County/Parish: Pinellas
2 total bathrooms
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Road Surface: Paved
Fence, Hurricane Shutters, Private Yard, Sidewalk
Ceiling Fans(s), Thermostat
Other equipment: Private Yard
Building Details
Year Built
Buildings
Listing Agency:
EASY HOME SALES
(727) 201-8964
Listed By:
Jimmy Culler Jr. · License FL #3399275
(727) 290-7615
Source:
Miharaandassociates
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 12 at 8:00AM
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 EASY HOME SALES
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Investment Insights
Based on property information with market context.
This legally recognized duplex will convey vacant and includes two separate residences. The upper unit contains 2 bedrooms and 1 bath within approximately 706 square feet, is currently livable in dated condition, and has central air conditioning. The lower unit provides 1 bedroom and 1 bath across approximately 681 square feet; following storm-related flooding during the 2024 hurricanes, it was professionally remediated and gutted for reconstruction. The lower residence needs new drywall, flooring, kitchen, bathroom, paint, texture, and other interior finishes before occupancy or leasing.
An approved City of St. Petersburg Post Disaster Emergency Permit remains open, with required construction, inspections, and final closeout assigned to the buyer. New windows and hurricane shutters were installed in 2025. The property has separate electric meters, one shared water meter, and a spacious backyard with room for off-street parking. It is located minutes from Downtown St. Petersburg and within reach of Gulf beaches, waterfront parks, restaurants, shopping, arts, and entertainment.
An approved City of St. Petersburg Post Disaster Emergency Permit remains open, with required construction, inspections, and final closeout assigned to the buyer. New windows and hurricane shutters were installed in 2025. The property has separate electric meters, one shared water meter, and a spacious backyard with room for off-street parking. It is located minutes from Downtown St. Petersburg and within reach of Gulf beaches, waterfront parks, restaurants, shopping, arts, and entertainment.
Key Highlights
- Two legally recognized residential units totaling 1,387 square feet
- Upper residence: 2 bedrooms, 1 bath, approximately 706 square feet, and central air conditioning
- Lower residence: 1 bedroom, 1 bath, approximately 681 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,190
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,800
$323.8K
Cap Rate 7%
$231,286
$231.3K
Cap Rate 9%
$179,889
$179.9K
Market Conditions
NOI Build-Up for 1,387 SF
Gross rent
$24.8K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.1K $16.67/SF
− OpEx
−$6.9K −$5.00/SF
NOI
$16.2K $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 Rate 5%
$323,800
Cap Rate 7%
$231,286
Cap Rate 9%
$179,889
Alternative Uses
Best Use
Multifamily LT 5
$231.3K
$202.4K – $269.8K
NOI $16,190 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$215.0K
$188.2K – $250.9K
NOI $15,053 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$360.8K
$315.7K – $420.9K
NOI $25,254 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-unit property with separate electric meters and a partially renovated lower residence.
Where is this duplex located?
The property is located at 2371 7TH STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Two legally recognized residential units totaling 1,387 square feet; Upper residence: 2 bedrooms, 1 bath, approximately 706 square feet, and central air conditioning; Lower residence: 1 bedroom, 1 bath, approximately 681 square feet
