Duplex with Central
For Sale
$362,500
610 16TH Avenue S, St Petersburg, FL 33701
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,152 SF
Lot Size0.11 Acres
Price / SF$314.67
Days on Market195
Property Features for 610 16TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Interior features
Ceiling Fans(s)
Appliances
Range, Refrigerator
Subdivision
KERR ADD
Elementary school
Campbell Park Elementary-PN
Middle school
John Hopkins Middle-PN
High school
Gibbs High-PN
Directions
4th Street south. Right on 15th Ave South. Left on 5th Street S. Right on 16th Ave S. Property on your left
Standard status
Active
APN
30-31-17-46404-004-0020
Size
1,152 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
KERR ADD BLK 4, LOT 2
Tax Annual Amount
5172
Legal Description
KERR ADD BLK 4, LOT 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1961
Floors in Building
1
Number of units
2
Flooring type
Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
GENSTONE REALTY
(833) 396-0092
Listed By:
Adem Aydoner · License #3376995
(309) 825-3888
Added: Jan 21
Changed: Jul 29
Last Checked: Aug 4 at 5:06AM
MLS# TB8468376
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.
Investment Insights
Based on property information with market context.
This duplex features block construction, laminate flooring, and ceiling fans. The homes are heated and cooled with central systems, with central air and central heat. Appliances include a range and refrigerator. The roof is a shingle roof, and the property is served by public water and public sewer, with cable available.
Both units are currently tenant-occupied on month-to-month leases, offering ongoing residential rental occupancy while maintaining flexibility for an owner-occupant to move in.
Built in 1961 on a 0.11-acre lot, this St. Petersburg duplex presents a straightforward two-unit configuration with practical in-place utilities and resident-ready mechanicals.
Both units are currently tenant-occupied on month-to-month leases, offering ongoing residential rental occupancy while maintaining flexibility for an owner-occupant to move in.
Built in 1961 on a 0.11-acre lot, this St. Petersburg duplex presents a straightforward two-unit configuration with practical in-place utilities and resident-ready mechanicals.
Key Highlights
- Both units tenant‑occupied on month‑to‑month leases
- Block construction with shingle roof
- Central air and central heat
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 | $20.6k | $17.88 |
| − Vacancy | −$1.4k | −$1.21 |
| EGI | $19.2k | $16.67 |
| − OpEx | −$5.8k | −$5.00 |
| NOI | $13.4k | $11.67 |
1,152 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$192.1K
$168.1K – $224.1K
NOI $13,447 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$151.4K
$132.4K – $176.6K
NOI $10,595 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$299.6K
$262.2K – $349.6K
NOI $20,975 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
867
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
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with central air and central heat, block construction, and public water and sewer services.
Where is this duplex located?
The property is located at 610 16TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $362,500.
What are key features of this property?
This property features: Both units tenant‑occupied on month‑to‑month leases; Block construction with shingle roof; Central air and central heat
