Fenced Duplex with Central
New
For Sale
$500,000
2721 & 2721.5 BURLINGTON Avenue N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size1,746 SF
Lot Size0.13 Acres
Price / SF$286.37
Days on Market5
Property Features for 2721 & 2721.5 BURLINGTON Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Awning(s), Fence, Private Entrance, Private Mailbox, Rain Barrel/Cistern(s), Sidewalk
Fencing
Fenced
Fireplace
1
Subdivision
HALLS CENTRAL AVE 1
Directions
7121 Burlington Ave N St Petersburg
Standard status
Active
APN
23-31-16-35082-010-0140
Size
1,746 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HALL'S CENTRAL AVE NO. 1 BLK 10, LOT 14
Tax Annual Amount
7611
Legal Description
HALL'S CENTRAL AVE NO. 1 BLK 10, LOT 14
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Building materials
Frame
Roof type
Shingle
Listing Agency:
FLORIDA REALTY INVESTMENTS
(407) 207-2220
Listed By:
Bill Newsome, Sr
(727) 667-6365
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 18 at 8:06PM
MLS# TB8548656
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,746 square feet with five listed bedrooms and three bathrooms. Built in 1925, the frame property includes central air, electric heat, ceiling fans, and a fireplace. Shingle roofing, awnings, private entrances, private mailbox service, and fencing are also documented.
The 0.13-acre site is served by public water and public sewer. Exterior features include sidewalks and a rain barrel or cistern, while the property’s listed address places it on Burlington Avenue N in St. Petersburg, Florida.
The 0.13-acre site is served by public water and public sewer. Exterior features include sidewalks and a rain barrel or cistern, while the property’s listed address places it on Burlington Avenue N in St. Petersburg, Florida.
Key Highlights
- Duplex with 1,746 square feet of property area
- Five listed bedrooms and three bathrooms
- 0.13‑acre site in St. Petersburg, FL
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
$20,380
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
4.08%
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%
$407,600
$407.6K
Cap Rate 7%
$291,143
$291.1K
Cap Rate 9%
$226,444
$226.4K
Market Conditions
NOI Build-Up for 1,746 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
$31.2K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.1K $16.67/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$20.4K $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%
$407,600
Cap Rate 7%
$291,143
Cap Rate 9%
$226,444
Alternative Uses
Best Use
Multifamily LT 5
$291.1K
$254.8K – $339.7K
NOI $20,380 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,058 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$454.1K
$397.4K – $529.8K
NOI $31,790 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,362
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
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 - Residential duplex with private entrances, public utilities, and a fenced exterior.
Where is this duplex located?
The property is located at 2721 & 2721.5 BURLINGTON Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex with 1,746 square feet of property area; Five listed bedrooms and three bathrooms; 0.13‑acre site in St. Petersburg, FL
