Two-Unit
For Sale
$399,000
8092-8090 50th Ave N, St Petersburg, FL 33709
One residence has a month-to-month tenant, while the other is furnished and used for short-term stays.
Property Size2,091 SF
Price / SF$190.82
Days on Market15
Property Features for 8092-8090 50th Ave N
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,792
Amenities
off-street parking
Listing Agency:
PYRAMID REALTY INC.
(727) 559-9800
Listed By:
Andrea Grutman · License #3288229
(727) 492-2839
Source:
Exprealty
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 3:31PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This St. Petersburg duplex has two distinct units with different current setups: one is occupied by a month-to-month tenant, and the other is furnished and operating as an Airbnb. The furnished unit includes an updated kitchen with white cabinetry, stainless steel appliances, and a breakfast bar, along with updated flooring and a renovated bathroom. Off-street parking is available.
The property is at 8092-8090 50th Ave N, near shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches.
The property is at 8092-8090 50th Ave N, near shopping, restaurants, major roadways, downtown St. Petersburg, and Gulf beaches.
Key Highlights
- Two units with different current occupancy and use arrangements
- One unit has a month‑to‑month tenant
- Second unit 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.
How Realmo checks its estimates
Property Analytics
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
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 tenant, while the other is furnished and used for short-term stays.
Where is this duplex located?
The property is located at 8092-8090 50th Ave N 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 units with different current occupancy and use arrangements; One unit has a month‑to‑month tenant; Second unit is furnished and used as an Airbnb
