Two-Story Duplex with Florida
874 21ST AVENUE S, St Petersburg, FL 33705
For Sale
$430,989
Separate entrances serve one vacant unit and one leased unit, alongside an attached garage and off-street parking.
Property Size1,628 SF
Price / SF$264.74
Days on Market21
Property Features for 874 21ST AVENUE S
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Tenant in Place
Amenities
attached garage
off-street parking
separate entrances
mature yard
0.14 acres, Dimensions: 47x127
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 30-31-17-79038-001-0260, Public Survey Range: 17, Public Survey Section: 30, Annual Amount: $6,872.31, Tax Block: 1, Tax Book Number: 8-4, Legal Description: SCHOOLEY'S HOMEVILLE NO. 2 BLK 1, LOT 26, Lot: 26, Year: 2025
Carpet, Laminate
Central Air
Listing ID: MFRS5159775, Standard Status: Active, MLS Status: Active, Property Subtype: Half Duplex, On market as of 2026-10-20, 6 days on market, Special Conditions: None
4 total bedrooms
Built in 1926, Living area: 1628, Living area units: Square Feet, Building faces Northwest, 2 stories, Levels: Two, Construction Materials: Brick
Subdivision: SCHOOLEYS HOMEVILLE 2, MLS Area (Major): 33705 - St Pete, County/Parish: Pinellas
2 total bathrooms, 2 full bathrooms
Electricity Connected, Water Source: Public
Slab
Close Of Escrow
Road Surface: Asphalt
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo
Dishwasher, Disposal, Microwave, Range, Refrigerator, Other equipment: None
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
MY REALTY GROUP, LLC.
(786) 847-7421
Listed By:
Oscar Allende Melendez · License #3554641
(787) 409-2175
Source:
Miharaandassociates
Added: Oct 20
Changed: Nov 8
Last Checked: Nov 8 at 5:49AM
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 MY REALTY GROUP, LLC.
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Investment Insights
Based on property information with market context.
Built in 1926, this two-story duplex contains 1,628 heated square feet and 2,136 gross square feet. The property includes an additional front parcel that conveys with the sale. Both units have separate entrances; one is vacant, with fresh paint, new carpet, and an open layout, while the other is tenant-occupied and features a Florida room with tile flooring. An attached garage and off-street parking are also on site, and the roof was replaced in 2021.
The property is within the South St. Pete Community Redevelopment Area, minutes from downtown and the Historic Gas Plant District. It is also near the Deuces/22nd Street South corridor and the Warehouse Arts District.
The property is within the South St. Pete Community Redevelopment Area, minutes from downtown and the Historic Gas Plant District. It is also near the Deuces/22nd Street South corridor and the Warehouse Arts District.
Key Highlights
- 1,628 heated square feet and 2,136 gross square feet
- Two‑story duplex built in 1926; roof replaced in 2021
- One unit is vacant; the other is tenant‑occupied with a lease renewing in March 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,003
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,060
$380.1K
Cap Rate 7%
$271,471
$271.5K
Cap Rate 9%
$211,144
$211.1K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$29.1K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.1K $16.67/SF
− OpEx
−$8.1K −$5.00/SF
NOI
$19.0K $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%
$380,060
Cap Rate 7%
$271,471
Cap Rate 9%
$211,144
Alternative Uses
Best Use
Multifamily LT 5
$271.5K
$237.5K – $316.7K
NOI $19,003 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$252.4K
$220.9K – $294.5K
NOI $17,668 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$423.5K
$370.5K – $494.0K
NOI $29,642 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve one vacant unit and one leased unit, alongside an attached garage and off-street parking.
Where is this duplex located?
The property is located at 874 21ST AVENUE S St Petersburg, FL.
What is the asking price?
The asking price for this property is $430,989.
What are key features of this property?
This property features: 1,628 heated square feet and 2,136 gross square feet; Two‑story duplex built in 1926; roof replaced in 2021; One unit is vacant; the other is tenant‑occupied with a lease renewing in March 2027
