Updated Two-Residence
For Sale
Under Contract
$674,900
3027 BURLINGTON Avenue N, St Petersburg, FL 33713
Residential Income, ST PETERSBURG, FL
Property Size2,088 SF
Lot Size0.13 Acres
Price / SF$323.23
Days on Market53
Property Features for 3027 BURLINGTON Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Family Room, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Parking features
Off Street, Boat, Driveway
Spa
1
Patio and Porch features
Porch, Patio, Deck
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Thermostat
Exterior features
Courtyard, Private Entrance
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Subdivision
HALLS CENTRAL AVE 2
Lot features
City Limits, Sidewalk, Street Brick
Directions
1st Avenue North to 30th St, North on 30th St to Burlington, West on Burlington to address
Standard status
Active Under Contract
APN
23-31-16-35118-010-0130
Size
2,088 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HALL'S CENTRAL AVE NO. 2 BLK 10, LOT 13
Tax Annual Amount
4787
Legal Description
HALL'S CENTRAL AVE NO. 2 BLK 10, LOT 13
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Wall/Window Unit(s), Central Air, Window Unit(s)
Water source
Public
Amenities
hot tub spa
private courtyard
front porch
private deck
professionally landscaped
Building Details
Year built
1964
Floors in Building
1
Number of units
2
Flooring type
Wood, Tile
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Jennifer Thayer · License #3125171
(727) 729-2699
Added: Aug 4
Changed: Sep 24
Last Checked: Sep 25 at 6:06AM
MLS# TB8535273
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.
Investment Insights
Based on property information with market context.
This duplex property includes two independent residences totaling 2,088 square feet of interior space on a 0.13-acre lot. The primary residence provides 1,428 square feet with two bedrooms, two bathrooms, a Florida Room, front porch, courtyard, and remodeled kitchen completed in 2025. The second residence offers 660 square feet with two bedrooms, one bathroom, a private entrance, separate driveway, deck, and off-street parking. Both residences include appliances, while the property also features wood and tile flooring, central heating, public water, public sewer, and a shingle roof.
The property is located at 3027 Burlington Avenue N in St. Petersburg's Historic Kenwood neighborhood, a designated National Historic District. Seminole Park is nearby, while the Grand Central District provides restaurants, breweries, galleries, boutiques, and entertainment. The layout supports separate residential use, guest accommodation, workspace, or rental use without combining the two living areas.
The property is located at 3027 Burlington Avenue N in St. Petersburg's Historic Kenwood neighborhood, a designated National Historic District. Seminole Park is nearby, while the Grand Central District provides restaurants, breweries, galleries, boutiques, and entertainment. The layout supports separate residential use, guest accommodation, workspace, or rental use without combining the two living areas.
Key Highlights
- Two residences with 2,088 square feet of combined interior space
- Primary residence offers 1,428 square feet, 2 bedrooms, and 2 bathrooms
- Second residence includes 660 square feet, 2 bedrooms, and 1 bathroom
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
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Historic-district property with a renovated main home, separate guest residence, private entrances, 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 with 2,088 square feet of combined interior space; Primary residence offers 1,428 square feet, 2 bedrooms, and 2 bathrooms; Second residence includes 660 square feet, 2 bedrooms, and 1 bathroom
