Duplex with Private
3651 HAINES RD N, St Petersburg, FL 33704
For Sale
$472,000
Both residences are occupied and have dedicated laundry facilities, with rear alley access and off-street parking.
Property Size1,901 SF
Price / SF$248.29
Days on Market125
Property Features for 3651 HAINES RD N
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
private laundry
off-street parking
Building Details
Building Size
Year Built
Buildings
Listing Agency:
AVALON GROUP REALTY
Listed By:
Tyler Poeta
(727) 262-7920
Source:
Shore2bay
Added: Jul 8
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
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 AVALON GROUP REALTY
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Investment Insights
Based on property information with market context.
Built in 1925, this duplex contains 1,901 square feet across two residences. Each unit has its own laundry area, and the property includes off-street parking.
Rear alley access serves the property, which is located in the Allendale neighborhood of St. Petersburg. Downtown St. Pete, waterfront parks, restaurants, shopping, entertainment, and major roadways are described as minutes away.
Both units are leased and currently occupied, providing rental income from existing tenancies.
Rear alley access serves the property, which is located in the Allendale neighborhood of St. Petersburg. Downtown St. Pete, waterfront parks, restaurants, shopping, entertainment, and major roadways are described as minutes away.
Both units are leased and currently occupied, providing rental income from existing tenancies.
Key Highlights
- Two‑unit duplex totaling 1,901 square feet
- Built in 1925
- Both units leased and occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,189
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,780
$443.8K
Cap Rate 7%
$316,986
$317.0K
Cap Rate 9%
$246,544
$246.5K
Market Conditions
NOI Build-Up for 1,901 SF
Gross rent
$34.0K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.7K $16.67/SF
− OpEx
−$9.5K −$5.00/SF
NOI
$22.2K $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%
$443,780
Cap Rate 7%
$316,986
Cap Rate 9%
$246,544
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.8K
NOI $22,189 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$294.7K
$257.9K – $343.9K
NOI $20,631 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,613 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
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Business Placement
Demographics for 33704, FL
16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and have dedicated laundry facilities, with rear alley access and off-street parking.
Where is this duplex located?
The property is located at 3651 HAINES RD N St Petersburg, FL.
What is the asking price?
The asking price for this property is $472,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,901 square feet; Built in 1925; Both units leased and occupied
