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Turnkey Renovated Duplex Investment

2832 MIRIAM Street S St Petersburg, FL 33711

2832 MIRIAM Street S, St Petersburg, FL, 33711
$650,000
For Sale
$650,000

MULTI_FAMILY - ST PETERSBURG, FL

Property Size2,100 SF
Lot Size0.16 Acres
Price / SF$309.52
Days on Market15

Property Features for 2832 MIRIAM Street S

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Pets allowed
Yes
Exterior features
Storage
Standard status
Active
APN
34-31-16-34272-002-0020
Size
2,100 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
GULFPORT HARBOR 1ST ADD BLK B, LOT 2
Tax Annual Amount
4636

Utilities

Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1960
Number of units
2
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing agency BLUE LIGHTHOUSE REALTY INC
Listed by Jorge Zea · License #3015804
Added: Jul 8 Updated: Jul 21 at 3:50PM Checked: Jul 22 at 7:06AM
MLS# O6423590

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 turnkey, fully renovated duplex offers two separate residences, each configured as a 2-bedroom, 1-bath unit. Permitted improvements include plumbing, electrical, and HVAC, and the homes feature updated interiors with beautifully refreshed kitchens, including contemporary cabinetry, stone countertops, and stainless steel appliances. Luxury waterproof LVP flooring is installed throughout each unit for durability and low maintenance.

The property is located on a quiet residential street in St. Petersburg (Pinellas County), with convenient access to Gulfport’s waterfront district and nearby dining, boutique shopping, art, parks, marinas, beaches, and downtown St. Petersburg.

As a complete, move-in-ready duplex, it provides an income-producing setup with two well-appointed, modernized units designed for long-term occupancy.

Key Highlights

  • Fully renovated duplex built in 1960 with two 2‑bedroom, 1‑bath units
  • Permitted improvements include plumbing, electrical, and HVAC upgrades
  • Both units feature 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 (±1% cap)
NOI $24,512 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$275.9K
$241.4K – $321.9K (±1% cap)
NOI $19,314 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$546.2K
$478.0K – $637.3K (±1% cap)
NOI $38,236 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Dental Office Building Supply HVAC Service Big Box & Wholesale Store Real Estate Agency Kitchen & Bath Showroom Electrical Service Pharmacy Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully renovated duplex with two 2-bedroom, 1-bath units, each with updated kitchens and HVAC.
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 2‑bedroom, 1‑bath units; Permitted improvements include plumbing, electrical, and HVAC upgrades; Both units feature updated kitchens with contemporary cabinetry, stone countertops, and stainless steel appliances
Contact an agent
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