2-Unit Duplex with Updated
2925 13TH AVENUE S, St Petersburg, FL 33712
For Sale
New
$399,000
Both homes are vacant, with three-bedroom, two-bath layouts ready for occupancy.
Property Size1,456 SF
Price / SF$274.04
Days on Market6
Property Features for 2925 13TH AVENUE S
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
INSTA REAL ESTATE SOLUTIONS
Listed By:
Charles Rountree, PA · License #3361271
(813) 586-0654
Source:
Endlesssummerrealty
Added: Nov 2
Changed: Nov 6
Last Checked: Nov 6 at 9:12AM
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 INSTA REAL ESTATE SOLUTIONS
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Investment Insights
Based on property information with market context.
This 1,456-square-foot duplex contains two three-bedroom, two-bath units, and both are vacant. Built in 1957, the property has updated tile flooring, cabinets, fixtures, and interior and exterior paint. The roof, central AC, and water heater were updated within the last five years.
The property is located at 2925 13th Avenue S in St. Petersburg, Florida, ZIP code 33712.
The property is located at 2925 13th Avenue S in St. Petersburg, Florida, ZIP code 33712.
Key Highlights
- Two vacant units, each with 3 bedrooms and 2 bathrooms
- 1,456 square feet; built in 1957
- Roof, central AC, and water heater updated within the last 5 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,995
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$339,900
$339.9K
Cap Rate 7%
$242,786
$242.8K
Cap Rate 9%
$188,833
$188.8K
Market Conditions
NOI Build-Up for 1,456 SF
Gross rent
$26.0K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$24.3K $16.67/SF
− OpEx
−$7.3K −$5.00/SF
NOI
$17.0K $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%
$339,900
Cap Rate 7%
$242,786
Cap Rate 9%
$188,833
Alternative Uses
Best Use
Multifamily LT 5
$242.8K
$212.4K – $283.3K
NOI $16,995 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$191.3K
$167.4K – $223.2K
NOI $13,391 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$378.7K
$331.4K – $441.8K
NOI $26,510 @ 7.0% cap · market cap 6.64%
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
904
Businesses Nearby
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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
$300,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both homes are vacant, with three-bedroom, two-bath layouts ready for occupancy.
Where is this duplex located?
The property is located at 2925 13TH AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two vacant units, each with 3 bedrooms and 2 bathrooms; 1,456 square feet; built in 1957; Roof, central AC, and water heater updated within the last 5 years
