Updated Duplex with Office
For Sale
$779,000
781 31ST AVE N, St Petersburg, FL 33704
Two separately configured residences offer private laundry, renovated kitchens, and substantial primary suites.
Property Size2,631 SF
Days on Market248
Property Features for 781 31ST AVE N
General Information
Standard status
Active
Size
2,631 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/2BA + office
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,830
Amenities
in-unit laundry
Building Details
Building Size
2,631 SF
Year Built
1925
Buildings
1
Listing Agency:
DALTON WADE INC
Listed By:
Kevin Marrow · License #3437158
(740) 632-1814
Source:
Judibeck
Added: Feb 10
Changed: Oct 14
Last Checked: Oct 15 at 6:46AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,631-square-foot duplex contains two residences, each with two bedrooms, two bathrooms, and an office. The property retains its original-era character while incorporating new plumbing, electrical systems, HVAC, and impact windows. Both units include in-unit laundry and spacious primary suites.
Updated kitchens feature all-wood cabinetry, granite countertops, and stainless steel appliances. The property is located at 781 31st Ave N in St Petersburg, near downtown, dining, shopping, parks, and major corridors. The configuration supports living in one residence while leasing the other or operating both as rental units.
Updated kitchens feature all-wood cabinetry, granite countertops, and stainless steel appliances. The property is located at 781 31st Ave N in St Petersburg, near downtown, dining, shopping, parks, and major corridors. The configuration supports living in one residence while leasing the other or operating both as rental units.
Key Highlights
- Two‑unit duplex with 2 bedrooms, 2 bathrooms, and an office in each residence
- 2,631‑square‑foot property built in 1925
- New plumbing, electrical, HVAC, and impact windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,710
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,200
$614.2K
Cap Rate 7%
$438,714
$438.7K
Cap Rate 9%
$341,222
$341.2K
Market Conditions
NOI Build-Up for 2,631 SF
Gross rent
$47.0K $17.88/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$43.9K $16.67/SF
− OpEx
−$13.2K −$5.00/SF
NOI
$30.7K $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 Rate 5%
$614,200
Cap Rate 7%
$438,714
Cap Rate 9%
$341,222
Alternative Uses
Best Use
Multifamily LT 5
$438.7K
$383.9K – $511.8K
NOI $30,710 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$684.3K
$598.8K – $798.4K
NOI $47,904 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 33704, FL
16,031
Population
9,037
Households
1.8
Avg Household Size
46
Median Age
58%
College-Educated
98%
High-School Grad
3.4 sq mi
ZIP Area
4,715
Density / Sq Mi
$102,647
Median Household Income
$63,803
Median Earnings
$1,398
Median Rent
$657,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured residences offer private laundry, renovated kitchens, and substantial primary suites.
Where is this duplex located?
The property is located at 781 31ST AVE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms, 2 bathrooms, and an office in each residence; 2,631‑square‑foot property built in 1925; New plumbing, electrical, HVAC, and impact windows
