Duplex with Covered Porch and
850 22ND AVENUE N St Petersburg, FL 33704
New
For Sale
$469,000
Duplex offers two 1-bed, 1-bath units with separate electric meters and shared laundry, plus off-street parking.
Property Size1,216 SF
Price / SF$385.69
Days on Market5
Property Features for 850 22ND AVENUE N
General Information
- Standard status
- Active
- Size
- 1,216 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1949
Listing Agency:
HECKLER REALTY GROUP LLC
(727) 954-5199
Listed By:
Michelle Schnyders · License #3549184
Source:
Dennisrealty
Added: Jul 20
Changed: Jul 24
Last Checked: Jul 24 at 3:56AM
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 HECKLER REALTY GROUP LLC
Investment Insights
Based on property information with market context.
This duplex includes two separate 1-bedroom, 1-bathroom units, each featuring hardwood floors, spacious bedrooms, and updated bathrooms with walk-in showers. A covered front porch provides usable outdoor space, and there is a shared on-site laundry area. Off-street parking is available for up to four vehicles on paver parking accessible from the rear alley.
Located near Crescent Lake Park in St. Petersburg, the property places residents close to tennis and pickleball courts, a dog park, playgrounds, walking trails, and expansive green space. The public remarks also note convenient access to downtown St. Petersburg and Gulf-area destinations, including I-275 and the Gandy Bridge.
The duplex is served by one shared water meter, while each unit has its own separate electric meter, supporting flexible living or leasing arrangements.
Located near Crescent Lake Park in St. Petersburg, the property places residents close to tennis and pickleball courts, a dog park, playgrounds, walking trails, and expansive green space. The public remarks also note convenient access to downtown St. Petersburg and Gulf-area destinations, including I-275 and the Gandy Bridge.
The duplex is served by one shared water meter, while each unit has its own separate electric meter, supporting flexible living or leasing arrangements.
Key Highlights
- Duplex built in 1949 with two 1‑bedroom, 1‑bath units
- Each unit has separate electric meters; duplex has one shared water meter
- Shared on‑site laundry area
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 | $21.7k | $17.88 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $20.3k | $16.67 |
| − OpEx | −$6.1k | −$5.00 |
| NOI | $14.2k | $11.67 |
1,216 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$202.8K
$177.4K – $236.6K
NOI $14,194 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$159.8K
$139.8K – $186.4K
NOI $11,184 @ 7.0% cap · market cap 2.38%
Theoretical Best
Office A
$316.3K
$276.8K – $369.0K
NOI $22,140 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offers two 1-bed, 1-bath units with separate electric meters and shared laundry, plus off-street parking.
Where is this duplex located?
The property is located at 850 22ND AVENUE N St Petersburg, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Duplex built in 1949 with two 1‑bedroom, 1‑bath units; Each unit has separate electric meters; duplex has one shared water meter; Shared on‑site laundry area
