Two-Unit Duplex with Vinyl
New
For Sale
$400,000
2834 FREEMONT TERRACE S, St Petersburg, FL 33712
Each residence contains two bedrooms and one bathroom, with new vinyl flooring in one unit.
Property Size1,304 SF
Price / SF$306.75
Days on Market4
Property Features for 2834 FREEMONT TERRACE S
General Information
Standard status
Active
Size
1,304 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1959
Listing Agency:
KELLER WILLIAMS REALTY- PALM HARBOR
(727) 772-0772
Listed By:
Jackie Little · License #3367750
(813) 453-8960
Source:
Endlesssummerrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:36AM
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 KELLER WILLIAMS REALTY- PALM HARBOR
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Investment Insights
Based on property information with market context.
This duplex comprises two separate residences, each with two bedrooms and one bathroom. Both units offer approximately 650 square feet of living space, for a reported property size of 1,304 square feet. One unit has newly installed vinyl flooring. The property was built in 1959.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Approximately 650 square feet of living space per unit
- Newly installed vinyl flooring in one unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,221
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,420
$304.4K
Cap Rate 7%
$217,443
$217.4K
Cap Rate 9%
$169,122
$169.1K
Market Conditions
NOI Build-Up for 1,304 SF
Gross rent
$23.3K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.7K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.2K $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%
$304,420
Cap Rate 7%
$217,443
Cap Rate 9%
$169,122
Alternative Uses
Best Use
Multifamily LT 5
$217.4K
$190.3K – $253.7K
NOI $15,221 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$171.3K
$149.9K – $199.9K
NOI $11,993 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$339.2K
$296.8K – $395.7K
NOI $23,743 @ 7.0% cap · market cap 5.94%
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
1,989
Businesses Nearby
Explore this area
Business Placement
Demographics for 33712, FL
26,395
Population
13,055
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
6.4 sq mi
ZIP Area
4,124
Density / Sq Mi
$57,729
Median Household Income
$39,589
Median Earnings
$1,440
Median Rent
$300,600
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 - Each residence contains two bedrooms and one bathroom, with new vinyl flooring in one unit.
Where is this duplex located?
The property is located at 2834 FREEMONT TERRACE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Approximately 650 square feet of living space per unit; Newly installed vinyl flooring in one unit
