Updated Duplex with Separate
New
For Sale
$340,000
3714 50TH AVENUE N, St Petersburg, FL 33714
Two distinct living spaces support flexible occupancy, with individual water and electric metering for each unit.
Property Size1,017 SF
Price / SF$334.32
Days on Market6
Property Features for 3714 50TH AVENUE N
General Information
Standard status
Active
Size
1,017 SF
Property subtype
Half Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x efficiency
Multifamily Units
2
Building Details
Year Built
1952
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Angie Haddon · License #3313881
Source:
Endlesssummerrealty
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 2:43PM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,017-square-foot duplex, built in 1952, contains two independent living spaces. The east unit has two bedrooms and one bathroom, while the west unit is an efficiency with a bar-style kitchen. Each residence includes an apartment-size stainless steel refrigerator, range, and hood, along with its own backyard area. Separate water and electric meters serve the units.
Property improvements include a newly poured driveway, newer plumbing, tankless water heaters, refreshed bathrooms, new toilets, updated lighting, newer rear doors, locking mailboxes, fresh landscaping, and new Sherwin Williams interior and exterior paint. The property is in Lealman within unincorporated Pinellas County, with access to Downtown St. Petersburg, area beaches, major roadways, and the interstate.
Property improvements include a newly poured driveway, newer plumbing, tankless water heaters, refreshed bathrooms, new toilets, updated lighting, newer rear doors, locking mailboxes, fresh landscaping, and new Sherwin Williams interior and exterior paint. The property is in Lealman within unincorporated Pinellas County, with access to Downtown St. Petersburg, area beaches, major roadways, and the interstate.
Key Highlights
- 1,017‑square‑foot duplex built in 1952
- Two‑bedroom, one‑bathroom east unit plus west efficiency
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,420
$237.4K
Cap Rate 7%
$169,586
$169.6K
Cap Rate 9%
$131,900
$131.9K
Market Conditions
NOI Build-Up for 1,017 SF
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.
Gross rent
$18.2K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$17.0K $16.67/SF
− OpEx
−$5.1K −$5.00/SF
NOI
$11.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$237,420
Cap Rate 7%
$169,586
Cap Rate 9%
$131,900
Alternative Uses
Best Use
Multifamily LT 5
$169.6K
$148.4K – $197.9K
NOI $11,871 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$133.6K
$116.9K – $155.9K
NOI $9,353 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$264.5K
$231.5K – $308.6K
NOI $18,517 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living spaces support flexible occupancy, with individual water and electric metering for each unit.
Where is this duplex located?
The property is located at 3714 50TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,017‑square‑foot duplex built in 1952; Two‑bedroom, one‑bathroom east unit plus west efficiency; Separate water and electric meters for each unit
