Duplex With Fenced
319 20TH S AVENUE St Petersburg, FL 33705
319 20TH S AVENUE, St Petersburg, FL, 33705
$400,000
Pending
For Sale
$400,000
Pending
Midcentury duplex with two split 2BR/2BA units, private porches, fenced yards, in-unit laundry, and alley-access off-street parking.
Property Size1,736 SF
Days on Market479
Property Features for 319 20TH S AVENUE
General Information
- Standard status
- Pending
- Size
- 1,736 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1959
Listing agency
COASTAL PROPERTIES GROUP
(727) 642-1151
Listed by
Maria Mercado Herbert PA · License #3032151
(727) 642-1151
Source
Exitrealty
Added: Apr 1, 2025 Updated: Jul 22 at 4:21PM Checked: Jul 22 at 4:21PM
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 COASTAL PROPERTIES GROUP
Investment Insights
Based on property information with market context.
This midcentury duplex includes two split 2BR/2BA units. Each unit has private front and back porches and in-unit laundry, with fully fenced yards and separate laundry hookups for each side. Interiors feature terrazzo floors, and the property offers off-street parking with alley access, including space described for RVs, boats, or trailers. The lot also provides ample room for expansion, upgrades, or new construction.
The property is located in St. Petersburg’s “Key West” neighborhood, about three blocks from the waterfront at Lassing Park, and roughly three minutes from downtown. It is also noted to be close to USF St. Petersburg, with easy access to restaurants, shops, and major roadways.
Flood cut has been completed. The property is sold AS IS for land value, and buyers are responsible for verifying permitting and renovation requirements with the city.
The property is located in St. Petersburg’s “Key West” neighborhood, about three blocks from the waterfront at Lassing Park, and roughly three minutes from downtown. It is also noted to be close to USF St. Petersburg, with easy access to restaurants, shops, and major roadways.
Flood cut has been completed. The property is sold AS IS for land value, and buyers are responsible for verifying permitting and renovation requirements with the city.
Key Highlights
- 1959 midcentury modern duplex with two split 2BR/2BA units, approx. 900 SF each
- Terrazzo floors, in‑unit laundry, and private front & back porches for each unit
- Fully fenced yards with separate laundry hookups for each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.0k | $17.88 |
| − Vacancy | −$2.1k | −$1.21 |
| EGI | $28.9k | $16.67 |
| − OpEx | −$8.7k | −$5.00 |
| NOI | $20.3k | $11.67 |
1,736 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$228.1K
$199.6K – $266.1K
NOI $15,966 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$451.5K
$395.1K – $526.8K
NOI $31,608 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Midcentury duplex with two split 2BR/2BA units, private porches, fenced yards, in-unit laundry, and alley-access off-street parking.
Where is this duplex located?
The property is located at 319 20TH S AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 1959 midcentury modern duplex with two split 2BR/2BA units, approx. 900 SF each; Terrazzo floors, in‑unit laundry, and private front & back porches for each unit; Fully fenced yards with separate laundry hookups for each unit
