Duplex with Two 1-Bedroom
850 22ND Avenue N St Petersburg, FL 33704
New
For Sale
$469,000
MULTI_FAMILY - ST PETERSBURG, FL
Property Size1,216 SF
Lot Size0.12 Acres
Price / SF$385.69
Days on Market5
Property Features for 850 22ND Avenue N
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
- Window features
- Blinds
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Solid Surface Counters
- Exterior features
- Private Mailbox
- Appliances
- Dryer, Range, Refrigerator, Washer
- Standard status
- Active
- APN
- 07-31-17-84888-000-2070
- Size
- 1,216 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- SPRING HILL REVISED LOT 207 (SEE N18 MAP)
- Tax Annual Amount
- 5090
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1949
- Floors in Building
- 1
- Flooring type
- Tile - Ceramic, Wood
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
HECKLER REALTY GROUP LLC
(727) 954-5199
Listed By:
Michelle Schnyders · License #3549184
(727) 253-1251
Added: Jul 20
Changed: Jul 22
Last Checked: Jul 24 at 2:06AM
MLS# TB8530242
Copyright © 2026 Stellar MLS. 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 duplex includes two 1-bedroom, 1-bath units. Each unit has hardwood floors and a spacious bedroom, along with updated bathrooms featuring walk-in showers. A covered front porch provides a functional outdoor entry area, and there is a shared on-site laundry area for residents. Off-street parking accommodates up to four vehicles and is accessed from the rear alley.
The property is located near Crescent Lake Park, offering outdoor recreation options including tennis and pickleball courts, a dog park, playgrounds, walking trails, and expansive green space.
Utilities are set up for individual metering for electricity, with each unit having its own separate electric meter, while the duplex is served by one shared water meter. The configuration supports leasing both units separately.
The property is located near Crescent Lake Park, offering outdoor recreation options including tennis and pickleball courts, a dog park, playgrounds, walking trails, and expansive green space.
Utilities are set up for individual metering for electricity, with each unit having its own separate electric meter, while the duplex is served by one shared water meter. The configuration supports leasing both units separately.
Key Highlights
- Duplex built in 1949 with two 1‑bedroom, 1‑bath units
- Each unit has its own electric meter, plus shared on‑site laundry area
- Hardwood floors plus tile - ceramic flooring; solid surface counters in the interior
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
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex features two 1-bedroom, 1-bath units with separate electric meters and off-street parking for up to four vehicles.
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 its own electric meter, plus shared on‑site laundry area; Hardwood floors plus tile - ceramic flooring; solid surface counters in the interior
