Two-Unit
New
For Sale
$499,000
3441 16TH AVENUE N, St Petersburg, FL 33713
Both apartments have established tenants and leases in place.
Property Size1,875 SF
Price / SF$266.13
Days on Market3
Property Features for 3441 16TH AVENUE N
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
0.19 acres, Dimensions: 50x168
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 15-31-16-28224-012-0200, Public Survey Range: 16, Public Survey Section: 15, Annual Amount: $7,337.84, Tax Block: 12, Tax Book Number: 13-53, Legal Description: FLORAL VILLA PARK 2ND SEC BLK 12, LOT 20, Lot: 20, Year: 2025
Ceramic Tile, Laminate, Vinyl
Central Air
Central, Electric
Inside, Laundry Room
Listing ID: MFRTB8560906, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-23, 1 day on market, Special Conditions: None
Assigned
Blinds
Built in 1984, Living area: 1875, Living area units: Square Feet, Levels: One, Construction Materials: Block, Stucco
Subdivision: FLORAL VILLA PARK 2ND SEC, MLS Area (Major): 33713 - St Pete, County/Parish: Pinellas
Electricity Connected, Public, Water Source: Public
Slab
Close Of Escrow
Allowed: Yes
Road Surface: Asphalt
Private Mailbox, Private Yard
Living Room/Dining Room Combo, Primary Bedroom Main Floor
Dishwasher, Range, Refrigerator, Other equipment: Private Yard
Building Details
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
RENTICR REALTY
(727) 251-9013
Listed By:
Petra Byers · License #3109004
(727) 244-8673
Source:
Miharaandassociates
Added: Oct 23
Changed: Oct 24
Last Checked: Oct 24 at 2:36PM
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 RENTICR REALTY
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Investment Insights
Based on property information with market context.
Built in 1984, this 1,875-square-foot duplex contains two separate apartments. Each offers two bedrooms and one bathroom, and both are occupied by long-term tenants with leases in place. The property is not in a flood zone.
A neighboring duplex at 3451 16th Ave N is also owned by the same owner and may be acquired alongside this property, or separately. Together, the two properties contain four occupied units.
A neighboring duplex at 3451 16th Ave N is also owned by the same owner and may be acquired alongside this property, or separately. Together, the two properties contain four occupied units.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,875 square feet; built in 1984
- Both units occupied by long‑term tenants with established leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,886
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,720
$437.7K
Cap Rate 7%
$312,657
$312.7K
Cap Rate 9%
$243,178
$243.2K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$33.5K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.3K $16.67/SF
− OpEx
−$9.4K −$5.00/SF
NOI
$21.9K $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%
$437,720
Cap Rate 7%
$312,657
Cap Rate 9%
$243,178
Alternative Uses
Best Use
Multifamily LT 5
$312.7K
$273.6K – $364.8K
NOI $21,886 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$246.4K
$215.6K – $287.4K
NOI $17,245 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$487.7K
$426.7K – $569.0K
NOI $34,139 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
777
Businesses Nearby
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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 - Both apartments have established tenants and leases in place.
Where is this duplex located?
The property is located at 3441 16TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,875 square feet; built in 1984; Both units occupied by long‑term tenants with established leases
