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    Renovated Duplex in Gulfport's Heart Title is generated by Realmo AI

    3025 56TH STREET S, Gulfport, FL 33707

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    Claim this Listing
    New
    For Sale
    $500,000

    Duplex - GULFPORT, FL

    Type:Duplex
    Property size:
    1,044 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $478/SF
    Added:
    May 21, 2026
    Days on Market:
    6
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 3025 56TH STREET S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    R3
    Parking features
    Off Street
    Pets allowed
    Yes
    Interior features
    Kitchen/Family Room Combo
    Exterior features
    Private Entrance, Private Yard, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Standard status
    Active
    APN
    33-31-16-09612-008-0050
    Size
    1,044 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5247.9

    Utilities

    Cooling system
    Ductless, Multi Units

    Building Details

    Year built
    1925
    Number of units
    2
    Building materials
    Frame
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Kelli Garcia LLC

    Listing agent Kelli Garcia LLC License #3544349

    Listing office SMITH & ASSOCIATES REAL ESTATE 1100 4th Street North, Tampa, FL

    Listing date May 21, 2026

    MLS# TB8511439 Listing URL

    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.

    HighLights

    • Turnkey, fully furnished duplex with immediate income‑producing potential.
    • Prime location in the heart of Gulfport's walkable downtown, close to amenities.
    • Major system updates: metal roof, updated electrical panel (2023), new mini‑split HVAC (2024), and new hot water heaters (2026).
    • Two stylish 1BD/1BA units, each with private entrance and in‑unit laundry.
    • Projected rental income of $4,000+/month.
    • Zoned R‑3 with redevelopment potential for additional units (buyer to verify).

    Overview

    Located in the heart of Gulfport's walkable downtown district, this fully renovated and fully furnished 1925 duplex is just blocks from Beach Blvd restaurants, shops, waterfront parks, galleries, and the Tuesday market. The property features two stylish 1BD/1BA units with private entrances, in-unit laundry, and separate electric meters. The front unit offers an enclosed entry porch, spacious bedroom, updated kitchen, and curated furnishings. The rear unit features an open layout, private patio space, and new appliances. Alley access with gated off-street parking is located behind the property. Major system updates include a metal roof, an updated Square-D electrical panel (2023), new mini-split HVAC systems (2024), and new hot water heaters (2026). The property is zoned R-3 with future redevelopment potential for additional units or triplex configuration (buyer to verify). The property is approximately 10 minutes to downtown St. Petersburg, 15 minutes to St. Pete Beach and Treasure Island, 30 minutes to Tampa International Airport (TPA), and 35 minutes to Sarasota-Bradenton International Airport (SRQ). The property has income-producing potential and strong rental appeal. The lot size is 0.09 acres and the property size is 1044 square feet. Projected rental income is approximately $4,000+/month.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Pinellas
    State
    Florida
    Longitude
    -82.7089267
    Latitude
    27.7395981

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    FAQs

    What type of property is this?
    Duplex - Fully furnished, renovated duplex near downtown Gulfport with income potential.
    Where is this duplex located?
    The property is located at 3025 56TH STREET S Gulfport, FL.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Turnkey, fully furnished duplex with immediate income‑producing potential.; Prime location in the heart of Gulfport's walkable downtown, close to amenities.; Major system updates: metal roof, updated electrical panel (2023), new mini‑split HVAC (2024), and new hot water heaters (2026).
    (252) 241-6373
    We can help!
    Listing Contact
    Kelli Garcia LLC
    Real Estate License ID: 3544349
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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