Two-Unit Duplex With Private
2834 & 2836 FREEMONT TERRACE S St Petersburg, FL 33712
2834 & 2836 FREEMONT TERRACE S, St Petersburg, FL, 33712
$415,000
For Sale
$415,000
Renovated two-unit duplex with private driveway parking for each unit and fenced side and rear yards.
Property Size1,304 SF
Price / SF$318.25
Days on Market14
Property Features for 2834 & 2836 FREEMONT TERRACE S
General Information
- Standard status
- Active
- Size
- 1,304 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1959
Listing agency
AGILE GROUP REALTY
(813) 569-6294
Listed by
Kyle Gruber · License #3382111
Source
Endlesssummerrealty
Added: Jul 9 Updated: Jul 21 at 5:00PM Checked: Jul 21 at 5:00PM
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 AGILE GROUP REALTY
Investment Insights
Based on property information with market context.
This two-unit duplex offers two separate residences with recent upgrades throughout and a roof replacement completed in 2023. Unit one has been refreshed with new flooring, new paint, stainless steel appliances, updated cabinetry, new windows and doors, a new bathroom vanity, and new carpet. Unit two also features new flooring and paint, new windows and doors, stainless steel appliances, and an updated bathroom.
Each unit includes its own private driveway parking. The fenced side and rear yards add privacy and usable outdoor space.
A vacancy in one unit is expected as of 7/31, creating flexibility for buyers looking to occupy one unit while renting the other, or renting both units.
Each unit includes its own private driveway parking. The fenced side and rear yards add privacy and usable outdoor space.
A vacancy in one unit is expected as of 7/31, creating flexibility for buyers looking to occupy one unit while renting the other, or renting both units.
Key Highlights
- Renovated 1959‑built two‑unit duplex with updates in both units
- Unit 1 refreshed with new flooring, new paint, stainless steel appliances, updated cabinetry, new windows and doors, and updated bathroom vanity
- Unit 2 updated with new flooring and paint, stainless steel appliances, new windows and doors, and an updated bathroom
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 | $23.3k | $17.88 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $21.7k | $16.67 |
| − OpEx | −$6.5k | −$5.00 |
| NOI | $15.2k | $11.67 |
1,304 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.9K
NOI $11,993 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$339.2K
$296.8K – $395.7K
NOI $23,743 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Renovated two-unit duplex with private driveway parking for each unit and fenced side and rear yards.
Where is this duplex located?
The property is located at 2834 & 2836 FREEMONT TERRACE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Renovated 1959‑built two‑unit duplex with updates in both units; Unit 1 refreshed with new flooring, new paint, stainless steel appliances, updated cabinetry, new windows and doors, and updated bathroom vanity; Unit 2 updated with new flooring and paint, stainless steel appliances, new windows and doors, and an updated bathroom
