Updated Duplex with Lap
New
For Sale
$465,000
3770 50TH Avenue N, St Petersburg, FL 33714
Residential, ST PETERSBURG, FL
Property Size2,376 SF
Lot Size0.30 Acres
Price / SF$195.71
Days on Market5
Property Features for 3770 50TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Spa
1
Patio and Porch features
Patio, Porch
Pets allowed
Yes
Pool private
1
Interior features
Ceiling Fans(s)
Exterior features
Private Entrance, Private Yard, Storage
Appliances
Dishwasher, Microwave, Range, Refrigerator
Subdivision
LELLMAN HEIGHTS 2ND SEC
Lot features
City Limits, In County, Oversized Lot, Paved
Elementary school
Lealman Avenue Elementary-PN
Middle school
Tyrone Middle-PN
High school
Dixie Hollins High-PN
Directions
From US 19 / 34th St N: Turn west onto 50th Ave N. Continue west on 50th Ave N. Property will be on the left at 3770 50th Ave N
Standard status
Active
APN
03-31-16-51012-019-0090
Size
2,376 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LELLMAN HEIGHTS 2ND SEC BLK 19, LOTS 9 AND 10
Tax Annual Amount
4587
Legal Description
LELLMAN HEIGHTS 2ND SEC BLK 19, LOTS 9 AND 10
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
pool
jacuzzi
Building Details
Year built
1972
Floors in Building
1
Flooring type
Concrete, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
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 7:06AM
MLS# TB8543050
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 2,376-square-foot duplex contains two 3-bedroom, 1.5-bath residences, each with its own water and electric meters. Interior improvements include white shaker cabinetry, granite counters, stainless steel appliances, refreshed bathrooms, new flooring and carpet, tankless water heaters, central A/C, and washer/dryer connections. The block-and-stucco property also offers public water and sewer, storage, private entrances, patios, porches, and fresh interior and exterior paint.
Set on 0.3 acres at 3770 50TH Avenue N in St. Petersburg, the property provides separate driveways, an expanded circular drive, locking mailboxes, and landscaped grounds. The east residence includes an in-ground lap pool with Jacuzzi spillover and a propane tank. A large backyard provides room for outdoor use and may accommodate RV or boat parking, subject to applicable requirements. The property is in unincorporated Pinellas County near beaches and interstate access and carries R-4 zoning.
Set on 0.3 acres at 3770 50TH Avenue N in St. Petersburg, the property provides separate driveways, an expanded circular drive, locking mailboxes, and landscaped grounds. The east residence includes an in-ground lap pool with Jacuzzi spillover and a propane tank. A large backyard provides room for outdoor use and may accommodate RV or boat parking, subject to applicable requirements. The property is in unincorporated Pinellas County near beaches and interstate access and carries R-4 zoning.
Key Highlights
- Two 3‑bedroom, 1.5‑bath units within a 2,376‑square‑foot duplex
- Separate water and electric meters for each residence
- In‑ground lap pool with Jacuzzi spillover at the east 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
$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
Paved road 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 separately metered residences feature renovated 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: Two 3‑bedroom, 1.5‑bath units within a 2,376‑square‑foot duplex; Separate water and electric meters for each residence; In‑ground lap pool with Jacuzzi spillover at the east unit
