Two-Unit Duplex with
4645 38TH Avenue N, St Petersburg, FL 33713
For Sale
New
$699,000
Residential Income, ST PETERSBURG, FL
Property Size2,162 SF
Lot Size0.21 Acres
Price / SF$323.31
Days on Market4
Property Features for 4645 38TH Avenue N
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
on-site parking
two storage sheds
courtyard
Building Details
Year built
Floors in Building
Building materials
Roof type
Buildings
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 342-3800
Listed By:
Melissa Stelzle · License FL #3165508
(727) 497-7455
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 10:06AM
MLS# TB8566562
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.
Set on a 0.21-acre parcel in St. Petersburg, this duplex comprises two buildings with a combined 2,162 square feet. Each residence has two bedrooms; one includes 1.5 bathrooms, while the other has one full bathroom. A courtyard occupies the space between the buildings, and the property also includes on-site parking and two storage sheds.
Built in 1950, the property has block construction, central heat, and public water and sewer. Interior rooms include living and dining areas, a family room, and eat-in kitchens.
Built in 1950, the property has block construction, central heat, and public water and sewer. Interior rooms include living and dining areas, a family room, and eat-in kitchens.
Key Highlights
- Two buildings with two 2‑bedroom residences
- One residence has 1.5 bathrooms; the other has 1 full bathroom
- 2,162 square feet on 0.21 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,236
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$504,720
$504.7K
Cap Rate 7%
$360,514
$360.5K
Cap Rate 9%
$280,400
$280.4K
Market Conditions
NOI Build-Up for 2,162 SF
Gross rent
$38.7K $17.88/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$36.1K $16.67/SF
− OpEx
−$10.8K −$5.00/SF
NOI
$25.2K $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%
$504,720
Cap Rate 7%
$360,514
Cap Rate 9%
$280,400
Alternative Uses
Best Use
Multifamily LT 5
$360.5K
$315.5K – $420.6K
NOI $25,236 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$335.2K
$293.3K – $391.1K
NOI $23,463 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$562.4K
$492.1K – $656.1K
NOI $39,365 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
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Business Placement
Demographics for 33713, FL
31,321
Population
16,192
Households
1.9
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
6.5 sq mi
ZIP Area
4,819
Density / Sq Mi
$69,704
Median Household Income
$43,282
Median Earnings
$1,387
Median Rent
$279,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate buildings provide a 2-bedroom residence each, with different bathroom configurations.
Where is this duplex located?
The property is located at 4645 38TH Avenue N St Petersburg, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two buildings with two 2‑bedroom residences; One residence has 1.5 bathrooms; the other has 1 full bathroom; 2,162 square feet on 0.21 acres
