Block Duplex with Xeriscaped
For Sale
$425,000
410 73rd Ave, St Pete Beach, FL 33706
Two-unit residential income property near beaches, restaurants, shops, and entertainment in St. Pete Beach.
Property Size1,400 SF
Price / SF$303.57
Days on Market25
Property Features for 410 73rd Ave
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
minor interior hurricane-related damage
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
backyard
xeriscaping
soundproofing
Building Details
Year Built
1954
Buildings
1
Construction
solid-block
Listing Agency:
EXP REALTY LLC
(727) 272-0994
Listed By:
Valerie McClary · License #3106058
Source:
Flflourish
Added: Aug 7
Changed: Aug 28
Last Checked: Aug 30 at 7:03PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex contains two units, each with two bedrooms and one bathroom. The solid-block structure includes separate soundproofing between units, hurricane-rated double-pane windows installed in 2014, and a roof installed in late 2023. Each residence has access to a spacious backyard finished with low-maintenance xeriscaping. The property is being sold as is and has minor interior hurricane-related damage.
The duplex is located at 410 73rd Ave in St Pete Beach, within walking distance of restaurants, shops, gyms, spas, and entertainment. The property is also described as being just blocks from St. Pete Beach, Boca Ciega Bay, and the Corey Avenue Farmers Market. Its two-bedroom unit configuration supports use as a residential income property or an owner-occupied duplex, subject to applicable rental regulations.
The duplex is located at 410 73rd Ave in St Pete Beach, within walking distance of restaurants, shops, gyms, spas, and entertainment. The property is also described as being just blocks from St. Pete Beach, Boca Ciega Bay, and the Corey Avenue Farmers Market. Its two-bedroom unit configuration supports use as a residential income property or an owner-occupied duplex, subject to applicable rental regulations.
Key Highlights
- 1,400‑square‑foot duplex with two residential units
- Each unit includes 2 bedrooms and 1 bathroom
- Solid‑block construction with soundproofing between units
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
$16,341
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
3.84%
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%
$326,820
$326.8K
Cap Rate 7%
$233,443
$233.4K
Cap Rate 9%
$181,567
$181.6K
Market Conditions
NOI Build-Up for 1,400 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
$25.0K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.3K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.3K $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%
$326,820
Cap Rate 7%
$233,443
Cap Rate 9%
$181,567
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$183.9K
$161.0K – $214.6K
NOI $12,876 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$364.2K
$318.6K – $424.9K
NOI $25,491 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 33706, FL
15,309
Population
14,199
Households
1.1
Avg Household Size
60
Median Age
54%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
4,138
Density / Sq Mi
$97,364
Median Household Income
$80,504
Median Earnings
$1,646
Median Rent
$616,800
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-unit residential income property near beaches, restaurants, shops, and entertainment in St. Pete Beach.
Where is this duplex located?
The property is located at 410 73rd Ave St Pete Beach, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 1,400‑square‑foot duplex with two residential units; Each unit includes 2 bedrooms and 1 bathroom; Solid‑block construction with soundproofing between units
