3600 1ST AVENUE S St Petersburg, FL 33711
Duplex - ST PETERSBURG, FL
Property Features for 3600 1ST AVENUE S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Interior features
- Open Floorplan, Walk-in Closet(s)
- Exterior features
- Lighting
- Appliances
- Dishwasher, Microwave, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 22-31-16-96228-003-0010
- Size
- 2,328 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6175.11
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1960
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Lukas Vanagaitis License #3443636 (424) 413-6600
Listing office STAR BAY REALTY CORP. 11072 S US Highway 41, Gibsonton, FL (813) 533-6467
Listing date May 29, 2026
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.
Investment Insights
Based on property information with market context.
The property sits on a corner lot with ample parking and offers two separate addresses and separate utilities: 3600 1st Ave S and 109 36th St S. It is positioned in a central area described as being surrounded by multi-million-dollar developments, with quick access to both downtown and the beaches. Renovations are permitted, with the property noted as being outside a flood zone, with no HOA, and no hurricane damage.
This configuration can suit buyers seeking a remodeled duplex-style building with an additional accessory suite for extra flexibility in householding or leasing. The independent addresses and utility separation can also simplify tenant billing and operational management for the units the way they are currently arranged.
Key Highlights
- Completely remodeled in 2026 with major updates: new roof, full electrical re‑wire, new AC systems, new hurricane‑impact windows, and plumbing upgrades.
- Turn‑key multifamily building with duplex and in‑law suite, offering multiple income streams.
- Great central location near downtown and beaches, surrounded by multi‑million‑dollar developments.
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 | $41.6k | $17.88 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $38.8k | $16.67 |
| − OpEx | −$11.6k | −$5.00 |
| NOI | $27.2k | $11.67 |
