Renovated Duplex with New
For Sale
$535,000
260 20th Ave S, St Petersburg, FL 33705
Concrete-block property with separate laundry and private outdoor space for the larger residence.
Property Size1,360 SF
Price / SF$393.38
Days on Market78
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Property Features for 260 20th Ave S
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA (850 sf), 1 x 1BR/1BA (530 sf)
Multifamily Units
2
Amenities
in-unit washer/dryer
private outdoor space
Building Details
Year Built
1948
Buildings
1
Construction
concrete block
Listing Agency:
DOUGLAS ELLIMAN
Listed By:
Fonda Sabin · License #454342
(727) 743-5021
Source:
Fulcrum-residential
Added: Jul 30
Changed: Oct 3
Last Checked: Oct 4 at 3:02PM
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 DOUGLAS ELLIMAN
Investment Insights
Based on property information with market context.
Built in 1948, this renovated concrete-block duplex contains two distinct residences. The larger apartment measures approximately 850 square feet and includes two bedrooms, two ensuite bathrooms, a kitchen, private laundry, and outdoor space. The second residence offers approximately 530 square feet with one bedroom, an ensuite bathroom, kitchen storage, private laundry, and living space.
Recent improvements include a new roof installed in 2025, new AC units in both apartments in 2023, impact windows from 2023, new hot water tanks from 2024, and new appliances from 2024. Each residence has its own washer and dryer. The property is located at 260 20TH AVE S in St. Petersburg, approximately 1 mile south of Downtown St. Petersburg and near USF St. Petersburg, Johns Hopkins All Children's Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, downtown waterfront parks, museums, restaurants, and Tampa Bay.
Recent improvements include a new roof installed in 2025, new AC units in both apartments in 2023, impact windows from 2023, new hot water tanks from 2024, and new appliances from 2024. Each residence has its own washer and dryer. The property is located at 260 20TH AVE S in St. Petersburg, approximately 1 mile south of Downtown St. Petersburg and near USF St. Petersburg, Johns Hopkins All Children's Hospital, Orlando Health Bayfront Hospital, the St. Pete Innovation District, downtown waterfront parks, museums, restaurants, and Tampa Bay.
Key Highlights
- Two‑unit layout with approximately 850 SF 2‑bedroom/2‑bath residence and approximately 530 SF 1‑bedroom/1‑bath residence
- New roof installed in 2025
- New AC units in both apartments, installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,874
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,480
$317.5K
Cap Rate 7%
$226,771
$226.8K
Cap Rate 9%
$176,378
$176.4K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$24.3K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.7K $16.67/SF
− OpEx
−$6.8K −$5.00/SF
NOI
$15.9K $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%
$317,480
Cap Rate 7%
$226,771
Cap Rate 9%
$176,378
Alternative Uses
Best Use
Multifamily LT 5
$226.8K
$198.4K – $264.6K
NOI $15,874 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$178.7K
$156.4K – $208.5K
NOI $12,508 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$353.7K
$309.5K – $412.7K
NOI $24,762 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
Explore this area
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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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 - Concrete-block property with separate laundry and private outdoor space for the larger residence.
Where is this duplex located?
The property is located at 260 20th Ave S St Petersburg, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two‑unit layout with approximately 850 SF 2‑bedroom/2‑bath residence and approximately 530 SF 1‑bedroom/1‑bath residence; New roof installed in 2025; New AC units in both apartments, installed in 2023
