Corner-Lot Duplex with
For Sale
$625,000
7301 8TH Street N, St Petersburg, FL 33702
Residential Income, ST PETERSBURG, FL
Property Size1,901 SF
Lot Size0.22 Acres
Price / SF$328.77
Days on Market101
Property Features for 7301 8TH Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2, Bedroom 3
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor
Exterior features
Fence
Fencing
Fenced
Subdivision
GLENSIDE SUB
Lot features
Corner Lot
Directions
Follow I-275 N to 54th Ave N. Take exit 26A from I-275 N Merge onto I-275 N Take exit 26A to merge onto 54th Ave N toward Eastbound Follow 54th Ave N and 9th St N/Dr M.L.K. Jr St N to 8th St N Merge onto 54th Ave N Turn left onto 9th St N/Dr M.L.K. Jr St N Turn right onto 73rd Ave N Turn left onto 8th St N
Standard status
Active
APN
30-30-17-31176-002-0010
Size
1,901 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GLENSIDE SUB BLK 2, LOT 1
Tax Annual Amount
10956
Legal Description
GLENSIDE SUB BLK 2, LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private carport
fenced backyard
covered outdoor laundry area
Building Details
Year built
1960
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Amber Bennett · License #3402468
(727) 280-5821
Added: Jun 10
Changed: Sep 18
Last Checked: Sep 18 at 7:06PM
MLS# TB8519288
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.
Built in 1960, this block duplex contains 1,901 square feet across two residential units. Each side offers three bedrooms, one bathroom, a private carport, a fenced backyard, and covered outdoor laundry space. Central heating and central air serve the property, with a shingle roof and public water and sewer connections.
The 0.22-acre property occupies a corner lot at 7301 8th Street N in St. Petersburg. Both units are currently occupied, with one tenancy continuing under a month-to-month arrangement and the other subject to a lease through September 4, 2026 before converting to month-to-month terms. One side is available for showings at any time, while the other requires 24-hour notice.
The 0.22-acre property occupies a corner lot at 7301 8th Street N in St. Petersburg. Both units are currently occupied, with one tenancy continuing under a month-to-month arrangement and the other subject to a lease through September 4, 2026 before converting to month-to-month terms. One side is available for showings at any time, while the other requires 24-hour notice.
Key Highlights
- Two‑unit duplex with 1,901 square feet of total property size
- Each unit has 3 bedrooms and 1 bathroom
- 0.22‑acre corner lot in St. Petersburg
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residences provide private fenced yards, individual carports, and covered outdoor laundry areas.
Where is this duplex located?
The property is located at 7301 8TH Street 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: Two‑unit duplex with 1,901 square feet of total property size; Each unit has 3 bedrooms and 1 bathroom; 0.22‑acre corner lot in St. Petersburg
