Duplex With Separate Utility
New
For Sale
$340,000
3714 50TH Avenue N, St Petersburg, FL 33714
Residential, ST PETERSBURG, FL
Property Size1,017 SF
Lot Size0.14 Acres
Price / SF$334.32
Days on Market5
Property Features for 3714 50TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Private Yard
Appliances
Range, Refrigerator
Subdivision
LELLMAN HEIGHTS 2ND SEC
Lot features
Cleared, In County
View
City
Elementary school
Lealman Avenue Elementary-PN
Middle school
Tyrone Middle-PN
High school
Dixie Hollins High-PN
Directions
From US 19 / 34th St N (SR 55), head west on 50th Ave N. Continue approximately 0.3 miles to 3714 50th Ave N. Property will be near 37th St N.
Standard status
Active
APN
03-31-16-51012-019-0080
Size
1,017 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LELLMAN HEIGHTS 2ND SEC BLK 19, LOT 8
Tax Annual Amount
3462
Legal Description
LELLMAN HEIGHTS 2ND SEC BLK 19, LOT 8
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Vinyl, Concrete
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Angie Haddon · License #3313881
(727) 439-3485
Added: Aug 27
Changed: Aug 30
Last Checked: Aug 31 at 1:06PM
MLS# TB8543073
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.
This R-4 duplex contains 1,017 square feet across two separate living spaces. The east residence includes two bedrooms and one bathroom, while the west side is an efficiency with a bar-style kitchen. Each unit has a private backyard area, apartment-size stainless steel refrigerator, range, and hood. Central heating and cooling, concrete and vinyl flooring, block and stucco construction, and public water and sewer serve the property.
Recent work includes a poured driveway, updated plumbing, tankless water heaters, refreshed bathrooms, new toilets, updated light fixtures, newer rear doors, locking mailboxes, landscaping, and Sherwin Williams interior and exterior paint. The property sits on 0.14 acres, was built in 1952, and has separate water and electric meters. Its St. Petersburg location offers access to Downtown St. Petersburg, area beaches, major roadways, and the interstate.
Recent work includes a poured driveway, updated plumbing, tankless water heaters, refreshed bathrooms, new toilets, updated light fixtures, newer rear doors, locking mailboxes, landscaping, and Sherwin Williams interior and exterior paint. The property sits on 0.14 acres, was built in 1952, and has separate water and electric meters. Its St. Petersburg location offers access to Downtown St. Petersburg, area beaches, major roadways, and the interstate.
Key Highlights
- Two separate living areas with a 2‑bedroom, 1‑bath unit and an efficiency
- 1,017 square feet on a 0.14‑acre lot
- 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 - Updated two-unit property with distinct living areas, private outdoor space, and separate water and electric service.
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: Two separate living areas with a 2‑bedroom, 1‑bath unit and an efficiency; 1,017 square feet on a 0.14‑acre lot; Separate water and electric meters for each unit
