Updated Duplex with Guest
New
For Sale
$674,900
3027 BURLINGTON Avenue N, St Petersburg, FL 33713
MULTI_FAMILY - ST PETERSBURG, FL
Property Size2,088 SF
Lot Size0.13 Acres
Price / SF$323.23
Days on Market3
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
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Family Room, Bedroom 4, Bedroom 2, Bathroom 3
Parking features
Boat, Driveway, Off Street
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
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 deck
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: Aug 6
Last Checked: Aug 6 at 12:06PM
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 1964-built duplex property includes two separate residences on a 0.13-acre parcel, providing a combined 2,088 square feet of interior space. The primary residence offers two bedrooms, two bathrooms, a Florida Room, front porch, private courtyard, hot tub spa, hurricane-rated windows, and refinished wood floors. Its kitchen was remodeled in 2025 with LG smart appliances, new cabinetry, flooring, tile, and lighting.
The second residence functions as an independent two-bedroom, one-bath guest house or ADU with its own entrance, driveway, parking, newer appliances, wood-look tile flooring, and private deck. The former connecting doorway remains in place and could allow the residences to be rejoined. Public water and sewer serve the property.
The property sits in Historic Kenwood, a designated National Historic District, on a one-way street near Seminole Park. The Grand Central District is minutes away with restaurants, breweries, galleries, boutiques, and entertainment.
The second residence functions as an independent two-bedroom, one-bath guest house or ADU with its own entrance, driveway, parking, newer appliances, wood-look tile flooring, and private deck. The former connecting doorway remains in place and could allow the residences to be rejoined. Public water and sewer serve the property.
The property sits in Historic Kenwood, a designated National Historic District, on a one-way street near Seminole Park. The Grand Central District is minutes away with restaurants, breweries, galleries, boutiques, and entertainment.
Key Highlights
- Two residences totaling 2,088 square feet of interior living space
- Main residence measures 1,428 square feet with 2 bedrooms and 2 bathrooms
- Guest house/ADU offers 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
Property Profile
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
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 - Two independent residences share one parcel, with 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 totaling 2,088 square feet of interior living space; Main residence measures 1,428 square feet with 2 bedrooms and 2 bathrooms; Guest house/ADU offers 660 square feet, 2 bedrooms, and 1 bathroom
