Updated Two-Unit
For Sale
$389,000
3047 62ND AVENUE N, St Petersburg, FL 33702
One residence is occupied, while the second is vacant and available for a new tenant or owner occupancy.
Property Size1,276 SF
Price / SF$304.86
Days on Market8
Property Features for 3047 62ND AVENUE N
General Information
Standard status
Active
Size
1,276 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
private fenced porch
0.11 acres, Dimensions: 50x100
Metal
Public Sewer
Additional parcels description:, Parcel Number: 35-30-16-95076-014-0110, Public Survey Range: 16, Public Survey Section: 35, Annual Amount: $5,652.96, Tax Block: 14, Tax Book Number: 12-98, Legal Description: WASHINGTON TERRACE BLK 14, LOT 11, Lot: 11, Year: 2025, Zoning: R-4
Wall/Window Unit(s)
Ductless
Outside
Listing ID: MFRTB8561831, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-27, 1 day on market, Special Conditions: None
1 carport space
4 total bedrooms
Built in 1953, Living area: 1276, Living area units: Square Feet, Construction Materials: Block
Subdivision: WASHINGTON TERRACE, MLS Area (Major): 33702 - St Pete, County/Parish: Pinellas
2 total bathrooms
Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Slab
Road Surface: Asphalt
Patio/Porch Features: Covered, Rear Porch, Fence
Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters
Building Details
Year Built
1953
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Natalya Halprin · License #3105179
(727) 481-6363
Source:
Miharaandassociates
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 4:19AM
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 CHARLES RUTENBERG REALTY INC
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Investment Insights
Based on property information with market context.
This 1,276-square-foot duplex, built in 1953, contains two separate residences, each with two bedrooms and one bathroom. Both units have been updated. Unit B has a refreshed kitchen with white shaker cabinetry and granite countertops, laminate flooring, and an updated bathroom. Unit A is rented; Unit B is vacant. Each residence has a private fenced porch area. Unit A includes rear and side porch areas, while Unit B has a rear porch.
The property is in North St. Petersburg, approximately 15 minutes by car from downtown St. Petersburg. It is identified as being outside a flood zone. An adjacent vacant lot is also available for purchase, either separately or with the duplex.
The property is in North St. Petersburg, approximately 15 minutes by car from downtown St. Petersburg. It is identified as being outside a flood zone. An adjacent vacant lot is also available for purchase, either separately or with the duplex.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,276 square feet; built in 1953
- Unit A is rented; Unit B is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,894
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,880
$297.9K
Cap Rate 7%
$212,771
$212.8K
Cap Rate 9%
$165,489
$165.5K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$22.8K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$21.3K $16.67/SF
− OpEx
−$6.4K −$5.00/SF
NOI
$14.9K $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%
$297,880
Cap Rate 7%
$212,771
Cap Rate 9%
$165,489
Alternative Uses
Best Use
Multifamily LT 5
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$167.6K
$146.7K – $195.6K
NOI $11,735 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$331.9K
$290.4K – $387.2K
NOI $23,233 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the second is vacant and available for a new tenant or owner occupancy.
Where is this duplex located?
The property is located at 3047 62ND AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,276 square feet; built in 1953; Unit A is rented; Unit B is vacant
