Detached-Unit
For Sale
$360,000
3131 17TH N STREET, St Petersburg, FL 33713
Two separately fenced residences include a two-bedroom main home and a detached efficiency with outdoor storage.
Property Size1,076 SF
Price / SF$334.57
Days on Market619
Property Features for 3131 17TH N STREET
General Information
Standard status
Active
Size
1,076 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x efficiency
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,716
Building Details
Year Built
1958
Buildings
2
Construction
concrete block
Listing Agency:
BAHAM DAVIS REALTY LLC
Listed By:
Glenn Davis, Jr. · License #3391476
(813) 417-8823
Source:
Exitrealty
Added: Feb 4, 2025
Changed: Oct 6
Last Checked: Oct 11 at 4:56AM
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 BAHAM DAVIS REALTY LLC
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Investment Insights
Based on property information with market context.
This legal duplex contains 1,076 square feet across a concrete-block main residence and a detached efficiency unit. The primary unit, built in 1958, offers two bedrooms, one bathroom, a family room, and an inside utility room. The second residence includes a covered patio, metal storage building, and a utility room with washer and dryer hookups, giving each unit a distinct physical layout.
Both units received new roofs in July 2022, with roof-to-wall hurricane clips installed on each. The main residence also has a three-zone mini-split system installed in August 2024. Custom fencing separates the units on the lot. The property at 3131 17th N Street in St. Petersburg provides access to I-275, downtown St. Pete, shopping, dining, beaches, and airports.
Both units received new roofs in July 2022, with roof-to-wall hurricane clips installed on each. The main residence also has a three-zone mini-split system installed in August 2024. Custom fencing separates the units on the lot. The property at 3131 17th N Street in St. Petersburg provides access to I-275, downtown St. Pete, shopping, dining, beaches, and airports.
Key Highlights
- Legal duplex with 1,076 square feet across two separate units
- Main unit has 2 bedrooms, 1 bath, family room, and inside utility room
- Detached efficiency includes a large covered patio and metal storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,560
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,200
$251.2K
Cap Rate 7%
$179,429
$179.4K
Cap Rate 9%
$139,556
$139.6K
Market Conditions
NOI Build-Up for 1,076 SF
Gross rent
$19.2K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$17.9K $16.67/SF
− OpEx
−$5.4K −$5.00/SF
NOI
$12.6K $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%
$251,200
Cap Rate 7%
$179,429
Cap Rate 9%
$139,556
Alternative Uses
Best Use
Multifamily LT 5
$179.4K
$157.0K – $209.3K
NOI $12,560 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$141.4K
$123.7K – $164.9K
NOI $9,896 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$279.9K
$244.9K – $326.5K
NOI $19,591 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
872
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately fenced residences include a two-bedroom main home and a detached efficiency with outdoor storage.
Where is this duplex located?
The property is located at 3131 17TH N STREET St Petersburg, FL.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Legal duplex with 1,076 square feet across two separate units; Main unit has 2 bedrooms, 1 bath, family room, and inside utility room; Detached efficiency includes a large covered patio and metal storage building
