Two-Unit
New
For Sale
$399,000
8090 50TH AVE N #8092, St Petersburg, FL 33709
One residence has a month-to-month occupant, while the other is furnished and used for short-term stays.
Property Size2,091 SF
Days on Market3
Property Features for 8090 50TH AVE N #8092
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,792
Amenities
off-street parking
Building Details
Building Size
2,091 SF
Year Built
1978
Listing Agency:
PYRAMID REALTY INC.
Listed By:
Andrea Grutman · License #3288229
(727) 492-2839
Source:
Judibeck
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:32PM
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 PYRAMID REALTY INC.
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Investment Insights
Based on property information with market context.
This 2,091-square-foot duplex, built in 1978, contains two residences with different current setups. One is occupied by a month-to-month tenant; the other is furnished and used as an Airbnb. The updated unit has white kitchen cabinetry, stainless steel appliances, breakfast-bar seating, updated flooring, and a renovated bathroom. Off-street parking is available.
Shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches are among the nearby destinations. The property’s two-unit configuration and existing occupancy provide distinct arrangements across the residences.
Shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches are among the nearby destinations. The property’s two-unit configuration and existing occupancy provide distinct arrangements across the residences.
Key Highlights
- Two‑unit duplex with 2,091 square feet
- Built in 1978
- One unit has a month‑to‑month tenant; the other is furnished and used as an Airbnb
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,407
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,140
$488.1K
Cap Rate 7%
$348,671
$348.7K
Cap Rate 9%
$271,189
$271.2K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$37.4K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.9K $16.67/SF
− OpEx
−$10.5K −$5.00/SF
NOI
$24.4K $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%
$488,140
Cap Rate 7%
$348,671
Cap Rate 9%
$271,189
Alternative Uses
Best Use
Multifamily LT 5
$348.7K
$305.1K – $406.8K
NOI $24,407 @ 7.0% cap · market cap 6.12%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$543.9K
$475.9K – $634.5K
NOI $38,072 @ 7.0% cap · market cap 9.54%
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
602
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 - One residence has a month-to-month occupant, while the other is furnished and used for short-term stays.
Where is this duplex located?
The property is located at 8090 50TH AVE N #8092 St Petersburg, 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 with 2,091 square feet; Built in 1978; One unit has a month‑to‑month tenant; the other is furnished and used as an Airbnb
