2410 18TH AVENUE S, St Petersburg, FL 33712
For Sale
New
$269,900
Dating to 1953, the property is near shopping, dining, grocery stores, parks and schools.
Property Size927 SF
Price / SF$291.15
Days on Market6
Property Features for 2410 18TH AVENUE S
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
PHILLIP SCOTT MANAGEMENT & INV
(727) 712-6073
Listed By:
Roy Degoa · License FL #3179366
(727) 519-5776
Source:
Endlesssummerrealty
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:55PM
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 PHILLIP SCOTT MANAGEMENT & INV
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Investment Insights
Based on property information with market context.
This duplex was built in 1953 and is located at 2410 18th Avenue South in St. Petersburg. Shopping, restaurants, grocery stores, parks and schools are nearby. The property information identifies it as a duplex but does not provide further details about its interior configuration or condition.
The property is near the 22nd Street South corridor and the Warehouse Arts District. Downtown St. Petersburg and the Gulf beaches are also within driving distance. Access to I-275 connects the area with Pinellas County and Tampa. St. Pete–Clearwater International Airport and Tampa International Airport are both reachable by car.
The property is near the 22nd Street South corridor and the Warehouse Arts District. Downtown St. Petersburg and the Gulf beaches are also within driving distance. Access to I-275 connects the area with Pinellas County and Tampa. St. Pete–Clearwater International Airport and Tampa International Airport are both reachable by car.
Key Highlights
- Duplex built in 1953
- Near the 22nd Street South corridor and Warehouse Arts District
- Access to I‑275 for travel across Pinellas County and into Tampa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,820
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,400
$216.4K
Cap Rate 7%
$154,571
$154.6K
Cap Rate 9%
$120,222
$120.2K
Market Conditions
NOI Build-Up for 927 SF
Gross rent
$16.6K $17.88/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$15.5K $16.67/SF
− OpEx
−$4.6K −$5.00/SF
NOI
$10.8K $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%
$216,400
Cap Rate 7%
$154,571
Cap Rate 9%
$120,222
Alternative Uses
Best Use
Multifamily LT 5
$154.6K
$135.3K – $180.3K
NOI $10,820 @ 7.0% cap · market cap 4.01%
Second Best
Apartment 5plus
$143.7K
$125.8K – $167.7K
NOI $10,060 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
Business Placement
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Dating to 1953, the property is near shopping, dining, grocery stores, parks and schools.
Where is this duplex located?
The property is located at 2410 18TH AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Duplex built in 1953; Near the 22nd Street South corridor and Warehouse Arts District; Access to I‑275 for travel across Pinellas County and into Tampa
