Separately Metered
For Sale
$400,000
2501 57th PLACE N, St Petersburg, FL 33714
Two residential units provide distinct occupancy and rental configurations with separate utility metering.
Property Size1,437 SF
Price / SF$278.36
Days on Market52
Property Features for 2501 57th PLACE N
General Information
Standard status
Active
Size
1,437 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Compass Florida
(941) 205-8478
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 1 at 5:49AM
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 Compass Florida
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Investment Insights
Based on property information with market context.
This duplex contains two separately metered residential units within one building. The larger residence offers 2 bedrooms and 1 bath across 930 sq. ft., while the second unit includes 1 bedroom, 1 bath, and 453 sq. ft. The property was built in 1925 and has a total property size of 1,437 sq. ft.
Located at 2501 57th PLACE N in St. Petersburg, the property is near shopping and dining with access to I-275. The location also provides access toward downtown St. Petersburg, Tampa, and area beaches. Short-term rental eligibility, licensing, and applicable Pinellas County restrictions should be independently verified.
Located at 2501 57th PLACE N in St. Petersburg, the property is near shopping and dining with access to I-275. The location also provides access toward downtown St. Petersburg, Tampa, and area beaches. Short-term rental eligibility, licensing, and applicable Pinellas County restrictions should be independently verified.
Key Highlights
- Two separately metered residential units under one roof
- 2‑bedroom, 1‑bath unit with 930 sq. ft.
- 1‑bedroom, 1‑bath unit with 453 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,773
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,460
$335.5K
Cap Rate 7%
$239,614
$239.6K
Cap Rate 9%
$186,367
$186.4K
Market Conditions
NOI Build-Up for 1,437 SF
Gross rent
$25.7K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$24.0K $16.67/SF
− OpEx
−$7.2K −$5.00/SF
NOI
$16.8K $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%
$335,460
Cap Rate 7%
$239,614
Cap Rate 9%
$186,367
Alternative Uses
Best Use
Multifamily LT 5
$239.6K
$209.7K – $279.6K
NOI $16,773 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$188.8K
$165.2K – $220.3K
NOI $13,216 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$373.8K
$327.1K – $436.1K
NOI $26,164 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide distinct occupancy and rental configurations with separate utility metering.
Where is this duplex located?
The property is located at 2501 57th PLACE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two separately metered residential units under one roof; 2‑bedroom, 1‑bath unit with 930 sq. ft.; 1‑bedroom, 1‑bath unit with 453 sq. ft.
