Duplex with RV and Boat
For Sale
Under Contract
$289,500
3939 45TH Avenue N, St Petersburg, FL 33714
Residential Income, ST PETERSBURG, FL
Property Size1,248 SF
Lot Size0.16 Acres
Price / SF$231.97
Days on Market52
Property Features for 3939 45TH Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Patio and Porch features
Porch, Deck
Interior features
Ninguno
Exterior features
Garden
Appliances
Disposal, Range
Subdivision
MOHAWK PARK REP
Lot features
Level, Paved
Elementary school
New Heights Elementary-PN
Middle school
Tyrone Middle-PN
High school
St. Petersburg High-PN
Directions
From 34th St N go west on 38th Ave N, turn north on 40th St N, turn east on 45th Ave N to property.
Standard status
Active Under Contract
APN
03-31-16-58446-001-0200
Size
1,248 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MOHAWK PARK REPLAT BLK 1, LOT 20 AND E 8FT OF LOT 19
Tax Annual Amount
5537
Legal Description
MOHAWK PARK REPLAT BLK 1, LOT 20 AND E 8FT OF LOT 19
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard, Ductless (Heating)
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Wood
Building materials
Frame
Roof type
Shingle
Buildings
2
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
Listed By:
Brian Sandstrom · License #3431924
(727) 894-1600
Added: Sep 13
Changed: Nov 3
Last Checked: Nov 3 at 6:06AM
MLS# TB8549450
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.
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Investment Insights
Based on property information with market context.
The 1925 property consists of two houses on a 0.16-acre lot, with 1,248 square feet of building area. The front house has 1 bedroom and 1 bathroom and has been remodeled, including updates to the kitchen, living area, and bathroom. A rear house has 3 bedrooms and 1 bathroom and is presented for renovation. The property also includes a deck and porch.
A paved side parking pad measures 42 feet and has 220- and 110-volt electrical service, water, and a black water cleanout. Public water and sewer serve the property, which is in Flood Zone X and has R-4 zoning. The location is minutes from downtown St. Petersburg and I-275.
A paved side parking pad measures 42 feet and has 220- and 110-volt electrical service, water, and a black water cleanout. Public water and sewer serve the property, which is in Flood Zone X and has R-4 zoning. The location is minutes from downtown St. Petersburg and I-275.
Key Highlights
- Two houses on a 0.16‑acre parcel
- 1,248 square feet of building area; built in 1925
- Front house has 1 bedroom and 1 bathroom and has been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,567
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,340
$291.3K
Cap Rate 7%
$208,100
$208.1K
Cap Rate 9%
$161,856
$161.9K
Market Conditions
NOI Build-Up for 1,248 SF
Gross rent
$22.3K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.8K $16.67/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$14.6K $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%
$291,340
Cap Rate 7%
$208,100
Cap Rate 9%
$161,856
Alternative Uses
Best Use
Multifamily LT 5
$208.1K
$182.1K – $242.8K
NOI $14,567 @ 7.0% cap · market cap 5.03%
Second Best
Apartment 5plus
$164.0K
$143.5K – $191.3K
NOI $11,478 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$324.6K
$284.0K – $378.7K
NOI $22,723 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
755
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate dwellings share an R-4-zoned parcel with public water and sewer service.
Where is this duplex located?
The property is located at 3939 45TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Two houses on a 0.16‑acre parcel; 1,248 square feet of building area; built in 1925; Front house has 1 bedroom and 1 bathroom and has been remodeled
