Two-Unit
New
For Sale
$270,000
2807 58TH PLACE N #2, St Petersburg, FL 33714
Both residences have separate entrances, wall A/C units, and current tenants.
Property Size1,100 SF
Price / SF$245.45
Days on Market3
Property Features for 2807 58TH PLACE N #2
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Half Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
0.08 acres, Dimensions: 35x106
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 35-30-16-08928-013-0120, Public Survey Range: 16, Public Survey Section: 35, Annual Amount: $4,014.46, Tax Block: 13, Tax Book Number: 14-53, Legal Description: BILTMORE TERRACE BLK 13, W 35FT OF LOT 12, Lot: 12, Year: 2025, Zoning: R-4
Ceramic Tile, Laminate
Wall/Window Unit(s)
Ductless
Listing ID: MFRTB8558990, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-10-17, Special Conditions: None
3 total bedrooms
Built in 1960, Living area: 1100, Living area units: Square Feet, Building faces East, 1 storey, Levels: One, Construction Materials: Stucco
Subdivision: BILTMORE TERRACE, MLS Area (Major): 33714 - St Pete, County/Parish: Pinellas
2 total bathrooms, 2 full bathrooms
Electricity Connected, Water Source: Public
Slab
Road Surface: Asphalt
Ninguno
Refrigerator, Other equipment: None
Building Details
Year Built
1960
Listing Agency:
FOREVER FLORIDA REAL ESTATE
(727) 440-6444
Listed By:
Gianna Casieri · License #3633964
Source:
Miharaandassociates
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:17PM
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 FOREVER FLORIDA REAL ESTATE
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Investment Insights
Based on property information with market context.
This 1,100-square-foot duplex contains two distinct residences. The front unit has two bedrooms, one bathroom, laminate flooring, and an eat-in kitchen; its roof was replaced in 2017. Built in 2005, the rear unit includes one bedroom and one bathroom, an open kitchen, ceramic tile flooring, a separate entrance, and washer and dryer hookups. Its bathroom has been updated, and it has a newer water heater. Wall A/C units serve both residences, which are currently tenant-occupied. The property is outside a designated flood zone.
Key Highlights
- 1,100‑square‑foot duplex with two separate living units
- Front residence: two bedrooms and one bathroom; roof replaced in 2017
- Rear residence was built in 2005 and has one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,840
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$256,800
$256.8K
Cap Rate 7%
$183,429
$183.4K
Cap Rate 9%
$142,667
$142.7K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.7K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$18.3K $16.67/SF
− OpEx
−$5.5K −$5.00/SF
NOI
$12.8K $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%
$256,800
Cap Rate 7%
$183,429
Cap Rate 9%
$142,667
Alternative Uses
Best Use
Multifamily LT 5
$183.4K
$160.5K – $214.0K
NOI $12,840 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$144.5K
$126.5K – $168.6K
NOI $10,117 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$286.1K
$250.4K – $333.8K
NOI $20,028 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have separate entrances, wall A/C units, and current tenants.
Where is this duplex located?
The property is located at 2807 58TH PLACE N #2 St Petersburg, FL.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,100‑square‑foot duplex with two separate living units; Front residence: two bedrooms and one bathroom; roof replaced in 2017; Rear residence was built in 2005 and has one bedroom and one bathroom
