Updated Duplex with Bonus
For Sale
$399,000
2650 25TH AVE N, St Petersburg, FL 33713
Fully rented property includes recent unit upgrades and substantial capital improvements.
Property Size1,146 SF
Days on Market196
Property Features for 2650 25TH AVE N
General Information
Standard status
Active
Size
1,146 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$39,000
Taxes and HOA fees
Annual Taxes
$5,677
Building Details
Building Size
1,146 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
Listed By:
Ashley Gajdosz · License #3227836
(813) 300-7002
Source:
Judibeck
Added: Mar 6
Changed: Sep 7
Last Checked: Sep 18 at 10:43AM
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 KELLER WILLIAMS TAMPA PROP.
Investment Insights
Based on property information with market context.
This 1925 duplex is fully rented and includes a two-bedroom, one-bath upstairs unit with a new A/C unit, range, tub liner, and interior paint. A pull-down stairway provides access to finished, air-conditioned attic storage with flooring and trim. The lower unit has received storm remediation, new drywall, interior paint, a toilet, and a sump pump.
Major property updates include a new roof completed in 2025, a replacement water line from the curb stop, patched and repainted exterior surfaces, and a termite bait system. An exterior washer and dryer installed in 2024 serve the property. The fully fenced lot is located at 2650 25TH AVE N in St. Petersburg, with access to Downtown St. Petersburg, major roadways, shopping, dining, entertainment, and St. Pete Beach, approximately 20 minutes away.
Major property updates include a new roof completed in 2025, a replacement water line from the curb stop, patched and repainted exterior surfaces, and a termite bait system. An exterior washer and dryer installed in 2024 serve the property. The fully fenced lot is located at 2650 25TH AVE N in St. Petersburg, with access to Downtown St. Petersburg, major roadways, shopping, dining, entertainment, and St. Pete Beach, approximately 20 minutes away.
Key Highlights
- Fully rented duplex at 2650 25TH AVE N, St. Petersburg, FL 33713
- Upstairs unit offers 2 bedrooms, 1 bathroom, and finished air‑conditioned attic storage
- New roof completed in 2025, plus replacement water line from the curb stop
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
$13,377
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
3.35%
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%
$267,540
$267.5K
Cap Rate 7%
$191,100
$191.1K
Cap Rate 9%
$148,633
$148.6K
Market Conditions
NOI Build-Up for 1,146 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
$20.5K $17.88/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$19.1K $16.67/SF
− OpEx
−$5.7K −$5.00/SF
NOI
$13.4K $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%
$267,540
Cap Rate 7%
$191,100
Cap Rate 9%
$148,633
Alternative Uses
Best Use
Multifamily LT 5
$191.1K
$167.2K – $223.0K
NOI $13,377 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$150.6K
$131.8K – $175.7K
NOI $10,540 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented property includes recent unit upgrades and substantial capital improvements.
Where is this duplex located?
The property is located at 2650 25TH AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Fully rented duplex at 2650 25TH AVE N, St. Petersburg, FL 33713; Upstairs unit offers 2 bedrooms, 1 bathroom, and finished air‑conditioned attic storage; New roof completed in 2025, plus replacement water line from the curb stop
