Maintained Duplex with Fenced
For Sale
$625,000
7301 8th St N, St Petersburg, FL 33702
Two income-producing units offer private outdoor space, carports, and covered laundry areas.
Property Size1,901 SF
Price / SF$328.77
Days on Market42
Property Features for 7301 8th St N
General Information
Standard status
Active
Size
1,901 SF
Property subtype
Multi-Family
Building Details
Year Built
1960
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
(803) 569-5658
Listed By:
Amber Bennett · License #3402468
Source:
Flflourish
Added: Jul 21
Changed: Aug 31
Last Checked: Aug 30 at 8:45PM
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 KELLER WILLIAMS ST PETE REALTY
Investment Insights
Based on property information with market context.
Built in 1960, this 1,901-square-foot duplex occupies a corner lot and contains two separate residences. Each unit provides three bedrooms, one bathroom, a private carport, an individually fenced backyard, and a covered outdoor laundry area. Both sides are currently occupied, supporting continued income use or an owner-occupant house-hack arrangement.
The property is located at 7301 8th St N in St. Petersburg, with access positioned for commutes toward Downtown St. Pete and Tampa. The two units have separate addresses, 7301 8th St N and 7305 8th St N. The property information also states that it sustained no flood damage during Hurricanes Helene and Milton.
The property is located at 7301 8th St N in St. Petersburg, with access positioned for commutes toward Downtown St. Pete and Tampa. The two units have separate addresses, 7301 8th St N and 7305 8th St N. The property information also states that it sustained no flood damage during Hurricanes Helene and Milton.
Key Highlights
- 1,901 SF duplex on a corner lot
- Built in 1960
- Two 3‑bedroom, 1‑bathroom units
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
$22,189
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
3.55%
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%
$443,780
$443.8K
Cap Rate 7%
$316,986
$317.0K
Cap Rate 9%
$246,544
$246.5K
Market Conditions
NOI Build-Up for 1,901 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
$34.0K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.7K $16.67/SF
− OpEx
−$9.5K −$5.00/SF
NOI
$22.2K $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%
$443,780
Cap Rate 7%
$316,986
Cap Rate 9%
$246,544
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.8K
NOI $22,189 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,484 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,613 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 33702, FL
29,996
Population
16,240
Households
1.8
Avg Household Size
44
Median Age
38%
College-Educated
91%
High-School Grad
10.4 sq mi
ZIP Area
2,884
Density / Sq Mi
$65,503
Median Household Income
$43,860
Median Earnings
$1,369
Median Rent
$293,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two income-producing units offer private outdoor space, carports, and covered laundry areas.
Where is this duplex located?
The property is located at 7301 8th St N St Petersburg, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 1,901 SF duplex on a corner lot; Built in 1960; Two 3‑bedroom, 1‑bathroom units
