Vacant Duplex
5000 74TH STREET N St Petersburg, FL 33709
New
For Sale
$450,000
Duplex currently vacant, with prior rental income reported at $2,000 per unit per month.
Property Size1,680 SF
Price / SF$267.86
Days on Market5
Property Features for 5000 74TH STREET N
General Information
- Standard status
- Active
- Size
- 1,680 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1980
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Dominic Fecarotta · License #3118180
Source:
Dennisrealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 3:28PM
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This duplex is currently vacant and ready for a new owner to reposition it for rental use. The property has been reported to generate $2,000 per month in rental income for each unit previously, and it offers straightforward, repeatable income potential within a two-unit residential income format.
The property is located at 5000 74TH STREET N, ST PETERSBURG, FL 33709. The public remarks also reference access to Saint Joes Creek for fishing.
The duplex contains 1,680 square feet of total property size, providing a compact footprint designed around two separate units.
The property is located at 5000 74TH STREET N, ST PETERSBURG, FL 33709. The public remarks also reference access to Saint Joes Creek for fishing.
The duplex contains 1,680 square feet of total property size, providing a compact footprint designed around two separate units.
Key Highlights
- Duplex built in 1980
- Currently vacant
- Previous rental income reported at $2,000 per unit per month
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.0k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $28.0k | $16.67 |
| − OpEx | −$8.4k | −$5.00 |
| NOI | $19.6k | $11.67 |
1,680 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex currently vacant, with prior rental income reported at $2,000 per unit per month.
Where is this duplex located?
The property is located at 5000 74TH STREET N St Petersburg, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1980; Currently vacant; Previous rental income reported at $2,000 per unit per month
