Duplex with Fenced
New
For Sale
$399,000
7460 34TH STREET N, Pinellas Park, FL 33781
Two residential units offer luxury vinyl plank flooring, stone countertops, and in-unit laundry.
Property Size1,242 SF
Price / SF$321.26
Days on Market4
Property Features for 7460 34TH STREET N
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Duplex
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
in unit laundry
fenced backyard
Building Details
Year Built
1972
Buildings
1
Listing Agency:
MAVREALTY
(727) 314-3942
Listed By:
David Hutcheson, Jr · License #3348023
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 24 at 9:41AM
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 MAVREALTY
Investment Insights
Based on property information with market context.
This 1,242-square-foot duplex, built in 1972, contains two residential units with practical layouts suited to everyday occupancy or extended stays. Each side includes luxury vinyl plank flooring, stone countertops, in-unit laundry, and access to a fenced backyard. The property may be offered furnished or unfurnished, and both sides are described as functioning vacation rentals.
The property is near Park Boulevard and US 19, with access to Gandy Boulevard and I-275. Nearby conveniences include Target, shopping, restaurants, and a movie theater. Sprowls Horizon Sports Park, Sawgrass Lake Park, and Mainlands Golf Course are also in the surrounding area.
The property is near Park Boulevard and US 19, with access to Gandy Boulevard and I-275. Nearby conveniences include Target, shopping, restaurants, and a movie theater. Sprowls Horizon Sports Park, Sawgrass Lake Park, and Mainlands Golf Course are also in the surrounding area.
Key Highlights
- Two‑unit duplex totaling 1,242 square feet
- Built in 1972
- Luxury vinyl plank flooring and stone countertops in both 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
$14,497
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
3.63%
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%
$289,940
$289.9K
Cap Rate 7%
$207,100
$207.1K
Cap Rate 9%
$161,078
$161.1K
Market Conditions
NOI Build-Up for 1,242 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
$22.2K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.7K $16.67/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$14.5K $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%
$289,940
Cap Rate 7%
$207,100
Cap Rate 9%
$161,078
Alternative Uses
Best Use
Multifamily LT 5
$207.1K
$181.2K – $241.6K
NOI $14,497 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$163.2K
$142.8K – $190.4K
NOI $11,423 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$323.1K
$282.7K – $376.9K
NOI $22,614 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer luxury vinyl plank flooring, stone countertops, and in-unit laundry.
Where is this duplex located?
The property is located at 7460 34TH STREET N Pinellas Park, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,242 square feet; Built in 1972; Luxury vinyl plank flooring and stone countertops in both units
