Updated Two-Unit
New
For Sale
$389,000
3047 62ND Avenue N, St Petersburg, FL 33702
Residential Income, ST PETERSBURG, FL
Property Size1,276 SF
Lot Size0.11 Acres
Price / SF$304.86
Days on Market2
Property Features for 3047 62ND Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Open Floorplan, Solid Wood Cabinets, Stone Counters
Exterior features
Fence
Fencing
Fenced
Subdivision
WASHINGTON TERRACE
Directions
275 South Exit 54th st. Make Right. Right on Haines, Right on 28th Left on 62nd.
Standard status
Active
APN
35-30-16-95076-014-0110
Size
1,276 SF
Lot size
0.11 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
WASHINGTON TERRACE BLK 14, LOT 11
Tax Annual Amount
5653
Legal Description
WASHINGTON TERRACE BLK 14, LOT 11
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private fenced porch
Building Details
Year built
1953
Building materials
Block
Roof type
Metal
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Natalya Halprin
(727) 481-6363
Added: Oct 27
Changed: Oct 28
Last Checked: Oct 28 at 9:06AM
MLS# TB8561831
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.
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Investment Insights
Based on property information with market context.
This block duplex contains 1,276 square feet across two 2-bedroom, 1-bathroom units. Built in 1953, the property has updated interiors, with Unit B featuring a refreshed kitchen, laminate flooring, and an updated bathroom. Unit A is rented, while Unit B is vacant. Each unit has a private fenced porch; Unit A also has a side porch. The property is in a non-flood zone and is zoned R-4.
The duplex is approximately 15 minutes from downtown St. Petersburg, with Gulf beaches, dining, shopping, and daily services accessible by car. An adjacent vacant lot is also offered for sale, either separately or together with the duplex.
The duplex is approximately 15 minutes from downtown St. Petersburg, with Gulf beaches, dining, shopping, and daily services accessible by car. An adjacent vacant lot is also offered for sale, either separately or together with the duplex.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,276 square feet on a 0.11‑acre lot
- 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.
How Realmo checks its estimates
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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 - Separate fenced porch areas and a mix of occupied and vacant units offer distinct use options.
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 2‑bedroom, 1‑bathroom units; 1,276 square feet on a 0.11‑acre lot; Unit A is rented; Unit B is vacant
