St. Pete Income Producing
For Sale
$420,000
Pending
543 13TH S AVENUE, St Petersburg, FL 33701
Income-producing duplex in St. Pete with immediate occupancy available.
Property Size2,280 SF
Lot Size0.08 Acres
Days on Market583
Property Features for 543 13TH S AVENUE
General Information
Standard status
Pending
Size
2,280 SF
Lot size
0.08 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,634
Building Details
Year Built
1926
Listing Agency:
SUNCOAST GROUP REALTORS LLC
(727) 236-2285
Listed By:
Eric Rodriguez · License #3370220
(727) 236-2285
Source:
Exitrealty
Added: Jan 7, 2025
Changed: Aug 8
Last Checked: Aug 12 at 3:22AM
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 SUNCOAST GROUP REALTORS LLC
Investment Insights
Based on property information with market context.
This income-producing duplex is located in St. Petersburg. The property consists of two units: 543 and 543 1/2 13th Ave S. Unit 543 features two bedrooms, two bathrooms, and in-unit laundry, with an estimated 906 heated square feet and a screened-in porch of approximately 172 square feet. This unit is available for immediate occupancy. Unit 543 1/2 includes one bedroom, one full bathroom, and in-unit laundry, with an estimated 732 heated square feet. The roof was replaced in 2019. Both units utilize AC window units. The property sustained no flood damage. The property is being sold as-is. This duplex presents an opportunity to own a rental property.
Key Highlights
- Income‑producing duplex in St. Pete.
- Unit 543: 2 bedroom, 2 bath with in‑unit laundry and immediate occupancy.
- Unit 543 1/2: 1 bedroom, 1 bath with in‑unit laundry.
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
$26,613
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
6.34%
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%
$532,260
$532.3K
Cap Rate 7%
$380,186
$380.2K
Cap Rate 9%
$295,700
$295.7K
Market Conditions
NOI Build-Up for 2,280 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
$40.8K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$38.0K $16.67/SF
− OpEx
−$11.4K −$5.00/SF
NOI
$26.6K $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%
$532,260
Cap Rate 7%
$380,186
Cap Rate 9%
$295,700
Alternative Uses
Best Use
Multifamily LT 5
$380.2K
$332.7K – $443.6K
NOI $26,613 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$299.6K
$262.1K – $349.5K
NOI $20,969 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 33701, FL
19,137
Population
13,434
Households
1.4
Avg Household Size
48
Median Age
55%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
7,088
Density / Sq Mi
$69,098
Median Household Income
$48,072
Median Earnings
$1,531
Median Rent
$590,900
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 - Income-producing duplex in St. Pete with immediate occupancy available.
Where is this duplex located?
The property is located at 543 13TH S AVENUE St Petersburg, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Income‑producing duplex in St. Pete.; Unit 543: **2 bedroom, 2 bath with in‑unit laundry and immediate occupancy.**; Unit 543 1/2: 1 bedroom, 1 bath with in‑unit laundry.
