Turnkey Duplex Investment
2832 MIRIAM STREET S St Petersburg, FL 33711
2832 MIRIAM STREET S, St Petersburg, FL, 33711
$650,000
For Sale
$650,000
Fully renovated duplex with two updated 2-bedroom, 1-bath units, including permitted plumbing, electrical, and HVAC improvements.
Property Size2,100 SF
Price / SF$309.52
Days on Market16
Property Features for 2832 MIRIAM STREET S
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1960
Listing agency
BLUE LIGHTHOUSE REALTY INC
(855) 550-0528
Listed by
Jorge Zea · License #3015804
Source
Miharaandassociates
Added: Jul 8 Updated: Jul 21 at 10:53PM Checked: Jul 23 at 5:23AM
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 BLUE LIGHTHOUSE REALTY INC
Investment Insights
Based on property information with market context.
This turnkey duplex offers two spacious 2-bedroom, 1-bathroom units, completely renovated with permitted improvements including plumbing, electrical, and HVAC. Each unit features updated kitchen finishes with contemporary cabinetry, stone countertops, and stainless steel appliances, along with stylish fixtures. Luxury waterproof LVP flooring runs throughout both residences for durability and low-maintenance living.
The property is located on a quiet residential street and is described as being just minutes from Gulfport’s waterfront district, with access to restaurants, boutique shops, art galleries, parks, marinas, beaches, and downtown St. Petersburg.
As a residential income property, it provides an owner-occupant option for rental income while also serving as an investment offering built around modernized, move-in-ready interiors.
The property is located on a quiet residential street and is described as being just minutes from Gulfport’s waterfront district, with access to restaurants, boutique shops, art galleries, parks, marinas, beaches, and downtown St. Petersburg.
As a residential income property, it provides an owner-occupant option for rental income while also serving as an investment offering built around modernized, move-in-ready interiors.
Key Highlights
- Fully renovated duplex built in 1960 with two updated 2‑bedroom, 1‑bath units
- Permitted improvements include plumbing, electrical, and HVAC upgrades
- Each unit features updated kitchens with contemporary cabinetry, stone countertops, and stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.5k | $17.88 |
| − Vacancy | −$2.5k | −$1.21 |
| EGI | $35.0k | $16.67 |
| − OpEx | −$10.5k | −$5.00 |
| NOI | $24.5k | $11.67 |
2,100 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$350.2K
$306.4K – $408.5K
NOI $24,512 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$275.9K
$241.4K – $321.9K
NOI $19,314 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully renovated duplex with two updated 2-bedroom, 1-bath units, including permitted plumbing, electrical, and HVAC improvements.
Where is this duplex located?
The property is located at 2832 MIRIAM STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Fully renovated duplex built in 1960 with two updated 2‑bedroom, 1‑bath units; Permitted improvements include plumbing, electrical, and HVAC upgrades; Each unit features updated kitchens with contemporary cabinetry, stone countertops, and stainless steel appliances
