Duplex with Private
New
For Sale
$565,000
4100 45TH AVE N, St Petersburg, FL 33714
Two separate residences feature fenced outdoor areas, covered patios, and individually metered water and electricity.
Property Size1,704 SF
Lot Size0.33 Acres
Days on Market4
Property Features for 4100 45TH AVE N
General Information
Standard status
Active
Size
1,704 SF
Total Parking Spaces
2
Lot size
0.33 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
water, electricity
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$6,472
Amenities
fully fenced backyard
large covered patio
bay window
washer/dryer hookups
drive-through gate
Building Details
Building Size
1,704 SF
Year Built
1984
Buildings
1
Listing Agency:
RE/MAX ACTION FIRST OF FLORIDA
Listed By:
Clay Glover, Jr · License #3248371
(727) 641-5754
Source:
Judibeck
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 6:38PM
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 RE/MAX ACTION FIRST OF FLORIDA
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Investment Insights
Based on property information with market context.
This 1,704-square-foot duplex contains two 2-bedroom, 1-bathroom residences on a 1/3-acre corner parcel. Each unit has a private one-car garage with laundry hookups and storage, along with a fenced backyard and covered patio. Interior features include bay windows and remodeled kitchens. Water and electricity are separately metered for each residence.
Updates include a roof replacement in 2018, sliding glass doors installed in 2018 and 2024, air-conditioning systems added in 2022 and 2024, and a vinyl privacy fence with a drive-through gate completed in 2020. The property is near shopping, restaurants, and major highways.
Updates include a roof replacement in 2018, sliding glass doors installed in 2018 and 2024, air-conditioning systems added in 2022 and 2024, and a vinyl privacy fence with a drive-through gate completed in 2020. The property is near shopping, restaurants, and major highways.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units in a 1,704‑square‑foot duplex
- 1/3‑acre corner lot with a drive‑through gate
- Each residence has a private one‑car garage, fenced yard, and covered patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,890
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,800
$397.8K
Cap Rate 7%
$284,143
$284.1K
Cap Rate 9%
$221,000
$221.0K
Market Conditions
NOI Build-Up for 1,704 SF
Gross rent
$30.5K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.4K $16.67/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$19.9K $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 Rate 5%
$397,800
Cap Rate 7%
$284,143
Cap Rate 9%
$221,000
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.5K
NOI $19,890 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,672 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$443.2K
$387.8K – $517.1K
NOI $31,026 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
847
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences feature fenced outdoor areas, covered patios, and individually metered water and electricity.
Where is this duplex located?
The property is located at 4100 45TH AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units in a 1,704‑square‑foot duplex; 1/3‑acre corner lot with a drive‑through gate; Each residence has a private one‑car garage, fenced yard, and covered patio
