Updated Duplex With Separate Guest
New
For Sale
$674,900
3027 BURLINGTON AVENUE N, St Petersburg, FL 33713
Two independent residences combine historic character with updated interiors, private entrances, driveways, and off-street parking.
Property Size2,088 SF
Price / SF$323.23
Days on Market7
Property Features for 3027 BURLINGTON AVENUE N
General Information
Standard status
Active
Size
2,088 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
Florida Room
front porch
private courtyard
hot tub spa
deck
0.13 acres, Dimensions: 45x127, City Limits, Sidewalk, Street Brick
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 23-31-16-35118-010-0130, Public Survey Range: 16, Public Survey Section: 23, Annual Amount: $4,787.25, Tax Block: 10, Tax Book Number: 3-39, Legal Description: HALL'S CENTRAL AVE NO. 2 BLK 10, LOT 13, Lot: 13, Year: 2024
Tile, Wood
Central Air, Wall/Window Unit(s)
Central
Inside
Listing ID: MFRTB8535273, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-04, 3 days on market, Special Conditions: None
Boat, Driveway, Off Street, Parking Pad
4 total bedrooms
Built in 1964, Living area: 2088, Living area units: Square Feet, Levels: One, Construction Materials: Block, Frame
Subdivision: HALLS CENTRAL AVE 2, MLS Area (Major): 33713 - St Pete, County/Parish: Pinellas
3 total bathrooms
Sidewalks, Street Lights
Electricity Connected, Public, Water Source: Public, 2 separate electric meters
Block, Crawlspace
Road Surface: Brick
Patio/Porch Features: Deck, Patio, Porch, Courtyard, Private Entrance
Ceiling Fans(s), Kitchen/Family Room Combo, Thermostat
Dishwasher, Dryer, Range, Refrigerator, Washer, Other equipment: Private Entrance
Building Details
Year Built
1964
Buildings
2
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
(727) 894-1600
Listed By:
Jennifer Thayer · License #3125171
Source:
Miharaandassociates
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 8:12AM
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 KELLER WILLIAMS ST PETE REALTY
Investment Insights
Based on property information with market context.
This 1964 duplex includes two separate residences on one lot with 2,088 square feet of combined interior living space and approximately 2,324 total square feet including outdoor living areas. The primary residence offers two bedrooms, two bathrooms, 1,428 square feet, a Florida Room, front porch, remodeled kitchen completed in 2025, hurricane-rated windows, fresh interior paint, and refinished wood floors. A private courtyard includes a recently installed fence and hot tub spa.
The second residence provides two bedrooms, one bathroom, and 660 square feet, along with a 236-square-foot private deck. It has a separate entrance, driveway, and off-street parking, plus newer appliances and wood-look tile flooring. The property is located at 3027 Burlington Avenue N in St. Petersburg's Historic Kenwood, a designated National Historic District, near Seminole Park and the Grand Central District.
The second residence provides two bedrooms, one bathroom, and 660 square feet, along with a 236-square-foot private deck. It has a separate entrance, driveway, and off-street parking, plus newer appliances and wood-look tile flooring. The property is located at 3027 Burlington Avenue N in St. Petersburg's Historic Kenwood, a designated National Historic District, near Seminole Park and the Grand Central District.
Key Highlights
- Two residences provide 2,088 square feet of combined interior living space
- Primary residence includes 2 bedrooms, 2 bathrooms, and 1,428 square feet
- Guest house/ADU offers 2 bedrooms, 1 bathroom, and 660 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,372
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,440
$487.4K
Cap Rate 7%
$348,171
$348.2K
Cap Rate 9%
$270,800
$270.8K
Market Conditions
NOI Build-Up for 2,088 SF
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.
Gross rent
$37.3K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.8K $16.67/SF
− OpEx
−$10.4K −$5.00/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$487,440
Cap Rate 7%
$348,171
Cap Rate 9%
$270,800
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.7K – $406.2K
NOI $24,372 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$274.3K
$240.1K – $320.1K
NOI $19,204 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$543.1K
$475.2K – $633.6K
NOI $38,017 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences combine historic character with updated interiors, private entrances, driveways, and off-street parking.
Where is this duplex located?
The property is located at 3027 BURLINGTON AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two residences provide 2,088 square feet of combined interior living space; Primary residence includes 2 bedrooms, 2 bathrooms, and 1,428 square feet; Guest house/ADU offers 2 bedrooms, 1 bathroom, and 660 square feet
