Updated Duplex With Covered
For Sale
$450,000
5000 74th St N, St Petersburg, FL 33709
Two residential units offer refreshed kitchens, bathrooms, and windows, plus shared laundry beneath the covered front porch.
Property Size1,680 SF
Price / SF$267.86
Days on Market50
Property Features for 5000 74th St N
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
shared covered laundry room
Building Details
Year Built
1980
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 28 at 7:40AM
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 Dalton Wade Inc
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Investment Insights
Based on property information with market context.
This 1,680-square-foot duplex, built in 1980, contains two separate 2-bedroom, 1-bathroom units. Both residences include updated kitchens, bathrooms, and windows, providing refreshed core features across the property. A shared covered laundry room is positioned beneath the covered front porch.
The property is located at 5000 74th St N in St. Petersburg, Florida, with fishing access on Saint Joe's Creek. The two-unit configuration supports separate living areas within one building, while the covered porch and shared laundry area add practical common-use space.
The property is located at 5000 74th St N in St. Petersburg, Florida, with fishing access on Saint Joe's Creek. The two-unit configuration supports separate living areas within one building, while the covered porch and shared laundry area add practical common-use space.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residential units
- 1,680 SF duplex built in 1980
- Updated kitchens, bathrooms, and windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,610
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,200
$392.2K
Cap Rate 7%
$280,143
$280.1K
Cap Rate 9%
$217,889
$217.9K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$30.0K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$28.0K $16.67/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$19.6K $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%
$392,200
Cap Rate 7%
$280,143
Cap Rate 9%
$217,889
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
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 residential units offer refreshed kitchens, bathrooms, and windows, plus shared laundry beneath the covered front porch.
Where is this duplex located?
The property is located at 5000 74th St 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: Two 2‑bedroom, 1‑bathroom residential units; 1,680 SF duplex built in 1980; Updated kitchens, bathrooms, and windows
