Updated Duplex with
New
For Sale
$465,000
3770 50TH AVENUE N, St Petersburg, FL 33714
Two three-bedroom units offer separately metered utilities, refreshed interiors, private driveways, and shared outdoor amenities.
Property Size2,376 SF
Price / SF$195.71
Days on Market5
Property Features for 3770 50TH AVENUE N
General Information
Standard status
Active
Size
2,376 SF
Property subtype
Half Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Amenities
central A/C
tankless water heaters
washer/dryer hookups
in-ground pool
jacuzzi
landscaping
Building Details
Year Built
1972
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Angie Haddon · License #3313881
Source:
Dennisrealty
Added: Aug 27
Changed: Aug 31
Last Checked: Aug 31 at 8:33AM
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 2,376-square-foot duplex, built in 1972, contains two spacious three-bedroom, 1.5-bath residences in unincorporated Pinellas County. Both units have individual water and electric meters, public sewer, central A/C, tankless water heaters, washer/dryer hookups, updated bathrooms, new flooring and carpet, white shaker cabinetry, granite countertops, stainless steel appliances, and fresh interior and exterior paint.
The property includes separate driveways, a circular or extended driveway, locking mailboxes, landlord locks, fresh landscaping, and a large backyard. The east-side residence adds an in-ground lap pool with Jacuzzi spillover; a propane tank is included, while the pool heater is not. The site is positioned near the beaches and interstate, with clean transferable 4-point and wind mitigation reports available.
The property includes separate driveways, a circular or extended driveway, locking mailboxes, landlord locks, fresh landscaping, and a large backyard. The east-side residence adds an in-ground lap pool with Jacuzzi spillover; a propane tank is included, while the pool heater is not. The site is positioned near the beaches and interstate, with clean transferable 4-point and wind mitigation reports available.
Key Highlights
- 2,376‑square‑foot duplex with two 3‑bedroom, 1.5‑bath units
- Separate water and electric meters for each residence
- East unit includes an in‑ground lap pool with Jacuzzi spillover
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
$27,734
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
5.96%
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%
$554,680
$554.7K
Cap Rate 7%
$396,200
$396.2K
Cap Rate 9%
$308,156
$308.2K
Market Conditions
NOI Build-Up for 2,376 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
$42.5K $17.88/SF
− Vacancy
−$2.9K −$1.21/SF
EGI
$39.6K $16.67/SF
− OpEx
−$11.9K −$5.00/SF
NOI
$27.7K $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%
$554,680
Cap Rate 7%
$396,200
Cap Rate 9%
$308,156
Alternative Uses
Best Use
Multifamily LT 5
$396.2K
$346.7K – $462.2K
NOI $27,734 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$312.2K
$273.2K – $364.2K
NOI $21,852 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$618.0K
$540.8K – $721.0K
NOI $43,261 @ 7.0% cap · market cap 9.30%
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 three-bedroom units offer separately metered utilities, refreshed interiors, private driveways, and shared outdoor amenities.
Where is this duplex located?
The property is located at 3770 50TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 2,376‑square‑foot duplex with two 3‑bedroom, 1.5‑bath units; Separate water and electric meters for each residence; East unit includes an in‑ground lap pool with Jacuzzi spillover
