Maintained Duplex with Private
For Sale
$650,000
7301 8TH Street N, St Petersburg, FL 33702
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,901 SF
Lot Size0.22 Acres
Price / SF$341.93
Days on Market58
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
Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
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
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: Aug 2
Last Checked: Aug 6 at 12:06PM
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.
A well-maintained duplex at 7301 8th St N offers two separate, highly rentable homes. Each side is laid out with three bedrooms and one bathroom, plus a private carport, its own fenced backyard, and a covered outdoor laundry area. Interior features include ceiling fans and a primary bedroom on the main floor, with central heat and central air. The property is constructed of block and features a shingle roof, with fencing on the exterior.
The duplex is situated on a spacious corner lot and is served by public water and public sewer. Both units are currently income-producing with tenants already in place. The right side is occupied by a long-term tenant under a lease that runs through September 4, 2026, after which it transitions to month-to-month. The left side completed an initial 12-month lease and continues on a flexible month-to-month arrangement.
The property sustained no flood damage during Hurricanes Helene and Milton.
The duplex is situated on a spacious corner lot and is served by public water and public sewer. Both units are currently income-producing with tenants already in place. The right side is occupied by a long-term tenant under a lease that runs through September 4, 2026, after which it transitions to month-to-month. The left side completed an initial 12-month lease and continues on a flexible month-to-month arrangement.
The property sustained no flood damage during Hurricanes Helene and Milton.
Key Highlights
- 0.22‑acre corner lot Duplex at 7301 8th St N with 1,901 SF
- Built in 1960 with block construction and shingle roof
- Each side: 3 bedrooms and 1 bathroom with a private carport
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
3.41%
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 3.41%
Second Best
Apartment 5plus
$249.8K
$218.6K – $291.4K
NOI $17,484 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$494.5K
$432.7K – $576.9K
NOI $34,613 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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 - Well-maintained duplex on a 0.22-acre corner lot with fenced backyards, private 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 $650,000.
What are key features of this property?
This property features: 0.22‑acre corner lot Duplex at 7301 8th St N with 1,901 SF; Built in 1960 with block construction and shingle roof; Each side: 3 bedrooms and 1 bathroom with a private carport
