Duplex with Two 1-Bed
800 15TH Avenue South Saint Petersburg, FL 33701
800 15TH Avenue South, Saint Petersburg, FL, 33701
$389,000
For Sale
$389,000
Residential Multi Family, Other - Saint Petersburg, FL
Property Size1,040 SF
Lot Size0.12 Acres
Price / SF$374.04
Days on Market14
Property Features for 800 15TH Avenue South
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Standard status
- Active
- Size
- 1,040 SF
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1918
- Architectural style
- Other
Listing Agency
NextHome South Pointe
833777NEXT
4880 37th Street S., FL
Listed by
Dee Jenkins · License #SL3589501,PersonLicenseNumber
(917) 584-3693
Added: Jul 3 Checked: Jul 16 at 8:06 pm
MLS# TB8521353
Listing URL
Copyright © 2026 NextHome, Inc. 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.
This well-maintained duplex includes two 1-bedroom, 1-bath units. Each unit is described as having updated finishes, granite countertops, and energy-efficient mini-split A/C systems. One unit is vacant, while the other unit is leased through November 2026, supporting both immediate occupancy and established rental income.
The property sits on a spacious fenced lot and is located in Flood Zone X, where flood insurance is typically not required. The listing notes the duplex is just minutes from Downtown St. Petersburg, the St. Pete Pier, restaurants, shopping, entertainment, and major transportation routes.
With two separate residential units, this configuration can accommodate a variety of ownership plans depending on whether you intend to occupy one unit and rent the other or lease both units.
The property sits on a spacious fenced lot and is located in Flood Zone X, where flood insurance is typically not required. The listing notes the duplex is just minutes from Downtown St. Petersburg, the St. Pete Pier, restaurants, shopping, entertainment, and major transportation routes.
With two separate residential units, this configuration can accommodate a variety of ownership plans depending on whether you intend to occupy one unit and rent the other or lease both units.
Key Highlights
- 1918‑built duplex with two 1‑bedroom, 1‑bath units
- Granite countertops and updated finishes in both units
- Energy‑efficient mini‑split A/C systems for year‑round comfort
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.6k | $17.88 |
| − Vacancy | −$1.3k | −$1.21 |
| EGI | $17.3k | $16.67 |
| − OpEx | −$5.2k | −$5.00 |
| NOI | $12.1k | $11.67 |
1,040 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$173.4K
$151.7K – $202.3K
NOI $12,139 @ 7.0% cap · market cap 3.12%
Second Best
Apartment 5plus
$136.6K
$119.6K – $159.4K
NOI $9,565 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex offering two 1-bedroom, 1-bath units on a fenced lot, with one unit vacant and the other leased through Nov. 2026.
Where is this duplex located?
The property is located at 800 15TH Avenue South Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1918‑built duplex with two 1‑bedroom, 1‑bath units; Granite countertops and updated finishes in both units; Energy‑efficient mini‑split A/C systems for year‑round comfort
