Separately Metered
New
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 Market6
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:
RE/MAX Palm Realty Of Venice
(941) 451-2025
Listed By:
Client Concierge
(941) 822-0708
Source:
Dwellingwell
Added: Sep 13
Changed: Sep 17
Last Checked: Sep 18 at 7:25AM
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 RE/MAX Palm Realty Of Venice
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 = 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
$16,773
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
4.19%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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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.
