Tenant-Occupied
For Sale
$395,000
8050 47TH AVENUE N, St Petersburg, FL 33709
Two occupied residences provide an established rental configuration, each with two bedrooms and one bathroom.
Property Size1,458 SF
Price / SF$270.92
Days on Market8
Property Features for 8050 47TH AVENUE N
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Residential Income
Zoning
R-4
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$5,861
Amenities
large fenced-in backyard
Ceiling Fans(s)
Fence
Private Mailbox
Sidewalk
Building Details
Building Size
1,458 SF
Year Built
1972
Units
2
Listing Agency:
RUSSELL PROPERTY GROUP LLC
(727) 323-4400
Listed By:
Bobby Knuth
(850) 766-9988
Source:
Enablepropertiesgnv
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 12:53PM
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 RUSSELL PROPERTY GROUP LLC
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Investment Insights
Based on property information with market context.
Built in 1972, this 1,458-square-foot duplex contains two residences, each arranged with two bedrooms and one bathroom. Both units are occupied, and the property includes a fenced backyard. The site is zoned R-4.
Shopping, dining, entertainment, golf courses, and Gulf beaches are identified among the nearby destinations.
Shopping, dining, entertainment, golf courses, and Gulf beaches are identified among the nearby destinations.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- Both residences occupied
- 1,458 square feet; built in 1972
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,018
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,360
$340.4K
Cap Rate 7%
$243,114
$243.1K
Cap Rate 9%
$189,089
$189.1K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$26.1K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$24.3K $16.67/SF
− OpEx
−$7.3K −$5.00/SF
NOI
$17.0K $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%
$340,360
Cap Rate 7%
$243,114
Cap Rate 9%
$189,089
Alternative Uses
Best Use
Multifamily LT 5
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$191.6K
$167.6K – $223.5K
NOI $13,409 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$379.2K
$331.8K – $442.5K
NOI $26,547 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Explore this area
Business Placement
Demographics for 33709, FL
27,026
Population
13,767
Households
2
Avg Household Size
50
Median Age
19%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
5,299
Density / Sq Mi
$52,621
Median Household Income
$35,488
Median Earnings
$1,317
Median Rent
$190,300
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 occupied residences provide an established rental configuration, each with two bedrooms and one bathroom.
Where is this duplex located?
The property is located at 8050 47TH AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; Both residences occupied; 1,458 square feet; built in 1972
