Duplex with
New
For Sale
$389,000
5171 98TH AVENUE N, Pinellas Park, FL 33782
Two separately metered residences offer private entrances, individual outdoor areas, and flexible owner-occupancy options.
Property Size1,767 SF
Price / SF$220.15
Days on Market5
Property Features for 5171 98TH AVENUE N
General Information
Standard status
Active
Size
1,767 SF
Property subtype
Half Duplex
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
0.16 acres, Dimensions: 84x90
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 21-30-16-82764-011-0170, Public Survey Range: 16, Public Survey Section: 21, Annual Amount: $6,820.25, Tax Block: 11, Tax Book Number: 47-74, Legal Description: SKYVIEW TERRACE BLK 11, LOT 17, Lot: 17, Year: 2025
Ceramic Tile, Vinyl
1 space
Central Air
Central
In Garage, Inside
Listing ID: MFRTB8539526, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-08-17, Special Conditions: None
3 total bedrooms
Built in 1959, Living area: 1767, Living area units: Square Feet, Building faces Southeast, 1 storey, Levels: One, Construction Materials: Block, Stucco
Subdivision: SKYVIEW TERRACE, MLS Area (Major): 33782 - Pinellas Park, County/Parish: Pinellas
3 total bathrooms, 3 full bathrooms
Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public
Slab
Road Surface: Asphalt
Ceiling Fans(s), Open Floorplan, Thermostat
Microwave, Range, Range Hood, Refrigerator
Building Details
Year Built
1959
Listing Agency:
STREETSMART REALTY
(727) 822-8833
Listed By:
Fabrice Barrault · License #3377882
Source:
Miharaandassociates
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 5:26AM
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 STREETSMART REALTY
Investment Insights
Based on property information with market context.
This duplex contains 1,767 square feet across two residences: a 2-bedroom, 2-bath unit and a 1-bedroom, 1-bath unit with an attached garage. Each side has a private entrance, separate electric meter, and its own backyard, creating distinct living areas and straightforward utility separation. The property was built in 1959.
Located in Pinellas Park, the duplex provides access to Park Blvd, US 19, I-275, and the Gateway corridor. Downtown St. Pete, Tampa, Gulf beaches, shopping, dining, and everyday services are all identified as accessible from the property. The two-bedroom and one-bedroom configuration supports separate leasing or living in one unit while occupying the other.
Located in Pinellas Park, the duplex provides access to Park Blvd, US 19, I-275, and the Gateway corridor. Downtown St. Pete, Tampa, Gulf beaches, shopping, dining, and everyday services are all identified as accessible from the property. The two-bedroom and one-bedroom configuration supports separate leasing or living in one unit while occupying the other.
Key Highlights
- Two‑unit duplex with 1,767 square feet
- Unit mix includes 2 bedroom/2 bath and 1 bedroom/1 bath residences
- 1 bedroom/1 bath unit includes its own garage
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
$20,625
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
5.30%
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%
$412,500
$412.5K
Cap Rate 7%
$294,643
$294.6K
Cap Rate 9%
$229,167
$229.2K
Market Conditions
NOI Build-Up for 1,767 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
$31.6K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.5K $16.67/SF
− OpEx
−$8.8K −$5.00/SF
NOI
$20.6K $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 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%
$412,500
Cap Rate 7%
$294,643
Cap Rate 9%
$229,167
Alternative Uses
Best Use
Multifamily LT 5
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$232.2K
$203.1K – $270.9K
NOI $16,251 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$459.6K
$402.2K – $536.2K
NOI $32,173 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 33782, FL
22,198
Population
10,581
Households
2.1
Avg Household Size
50
Median Age
29%
College-Educated
88%
High-School Grad
5.4 sq mi
ZIP Area
4,111
Density / Sq Mi
$65,487
Median Household Income
$41,676
Median Earnings
$1,767
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered residences offer private entrances, individual outdoor areas, and flexible owner-occupancy options.
Where is this duplex located?
The property is located at 5171 98TH AVENUE N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,767 square feet; Unit mix includes 2 bedroom/2 bath and 1 bedroom/1 bath residences; 1 bedroom/1 bath unit includes its own garage
