Concrete Block
2983 62ND AVE N, St Petersburg, FL 33702
For Sale
$445,000
Each residence has its own utility meter, laundry facilities, and private yard area.
Property Size1,750 SF
Price / SF$254.29
Days on Market198
Property Features for 2983 62ND AVE N
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Taxes and HOA fees
Annual Taxes
Amenities
laundry facilities
private yard space
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
SUNCOAST HOME REALTY
Listed By:
Keyvan Kohan-Shohet · License #BK638419
(727) 204-5001
Source:
Shore2bay
Added: Apr 26
Changed: Nov 7
Last Checked: Nov 8 at 8:53PM
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 SUNCOAST HOME REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 1984, this 1,750-square-foot concrete-block duplex contains two 2-bedroom, 2-bath residences. Both feature interior utility rooms with laundry, private yard areas, and porcelain tile and luxury vinyl flooring. Unit 2985 has a recently installed A/C system. Each residence is separately metered, and the property includes on-site parking. It is in a non-flood zone where flood insurance is currently not required.
The property is in St. Petersburg between I-275 and US-19, with access toward Tampa and Clearwater. Nearby destinations include downtown St. Petersburg, the St. Pete Pier, Sawgrass Lake Park, and Crescent Lake Park. Gulf beaches and St. Pete-Clearwater International Airport and Tampa International Airport are also within reach.
The property is in St. Petersburg between I-275 and US-19, with access toward Tampa and Clearwater. Nearby destinations include downtown St. Petersburg, the St. Pete Pier, Sawgrass Lake Park, and Crescent Lake Park. Gulf beaches and St. Pete-Clearwater International Airport and Tampa International Airport are also within reach.
Key Highlights
- Two 2‑bedroom, 2‑bath residences in 1,750 square feet
- Concrete‑block construction; built in 1984
- Separate utility meters for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,427
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,540
$408.5K
Cap Rate 7%
$291,814
$291.8K
Cap Rate 9%
$226,967
$227.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$31.3K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.2K $16.67/SF
− OpEx
−$8.8K −$5.00/SF
NOI
$20.4K $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%
$408,540
Cap Rate 7%
$291,814
Cap Rate 9%
$226,967
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.3K – $340.5K
NOI $20,427 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,992 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$455.2K
$398.3K – $531.1K
NOI $31,863 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
Explore this area
Business Placement
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Each residence has its own utility meter, laundry facilities, and private yard area.
Where is this duplex located?
The property is located at 2983 62ND AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two 2‑bedroom, 2‑bath residences in 1,750 square feet; Concrete‑block construction; built in 1984; Separate utility meters for each residence
