Updated Duplex with RV
New
For Sale
$539,990
935 17TH Avenue S, St Petersburg, FL 33705
Residential Income, ST PETERSBURG, FL
Property Size2,448 SF
Lot Size0.16 Acres
Price / SF$220.58
Days on Market2
Property Features for 935 17TH Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Off Street, On Street, Driveway, RV
Pets allowed
Yes
Interior features
Solid Surface Counters
Exterior features
Private Mailbox, Private Yard
Appliances
Convection Oven, Microwave, Refrigerator
Subdivision
ARMSTRONGS SUB F A
Elementary school
James Sanderlin Elementary-PN
Middle school
John Hopkins Middle-PN
High school
St. Petersburg High-PN
Directions
Take Exit 22 (I-175 E) toward Tropicana Field. Take the exit for 9th St S / Dr. MLK Jr. St S. Turn Right (South) onto 9th St S / Dr. MLK Jr. St S and continue for approximately 1 mile. Turn Right (West) onto 17th Ave S. The property (935 17th Ave S) will be on your Right.
Standard status
Active
APN
25-31-16-01548-000-0050
Size
2,448 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ARMSTRONG'S SUB, F.A., W 27FT OF LOT 5 & E 23.4FT OF LOT 6, LESS N 5FT FOR RD R/W
Tax Annual Amount
5163
Legal Description
ARMSTRONG'S SUB, F.A., W 27FT OF LOT 5 & E 23.4FT OF LOT 6, LESS N 5FT FOR RD R/W
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
washer/dryer hookups
private fenced backyard
Building Details
Year built
1953
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Carissa White
(253) 293-4590
Added: Sep 2
Changed: Sep 3
Last Checked: Sep 3 at 9:06AM
MLS# TB8545200
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 2,448-square-foot duplex contains two matching four-bedroom, two-bath units, each measuring 1,224 square feet. Recent work includes a roof update, refreshed kitchens and bathrooms, new flooring and lighting, butcher block countertops, and washer/dryer hookups in both units. Each residence also has a fenced private backyard.
The property sits on a 0.16-acre oversized corner lot at 935 17TH Avenue S in St. Petersburg. A detached concrete pad provides separate RV parking, while additional parking options include a driveway, off-street spaces, and on-street parking. Public water and public sewer serve the property, which was built in 1953.
The location is minutes from Downtown St. Petersburg, shopping, dining, major employers, and local colleges. Additional features include vinyl flooring, solid surface counters, wall/window cooling units, public mailbox service, and cable availability.
The property sits on a 0.16-acre oversized corner lot at 935 17TH Avenue S in St. Petersburg. A detached concrete pad provides separate RV parking, while additional parking options include a driveway, off-street spaces, and on-street parking. Public water and public sewer serve the property, which was built in 1953.
The location is minutes from Downtown St. Petersburg, shopping, dining, major employers, and local colleges. Additional features include vinyl flooring, solid surface counters, wall/window cooling units, public mailbox service, and cable availability.
Key Highlights
- Two‑unit duplex with 2,448 SF total; each unit measures 1,224 SF
- Each unit includes 4 bedrooms and 2 bathrooms
- Recent updates include roof, kitchens, bathrooms, flooring, lighting, and countertops
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,480
$571.5K
Cap Rate 7%
$408,200
$408.2K
Cap Rate 9%
$317,489
$317.5K
Market Conditions
NOI Build-Up for 2,448 SF
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.
Gross rent
$43.8K $17.88/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$40.8K $16.67/SF
− OpEx
−$12.2K −$5.00/SF
NOI
$28.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,480
Cap Rate 7%
$408,200
Cap Rate 9%
$317,489
Alternative Uses
Best Use
Multifamily LT 5
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$321.6K
$281.4K – $375.3K
NOI $22,515 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$636.7K
$557.2K – $742.9K
NOI $44,572 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching units offer four bedrooms and two baths apiece.
Where is this duplex located?
The property is located at 935 17TH Avenue S St Petersburg, FL.
What is the asking price?
The asking price for this property is $539,990.
What are key features of this property?
This property features: Two‑unit duplex with 2,448 SF total; each unit measures 1,224 SF; Each unit includes 4 bedrooms and 2 bathrooms; Recent updates include roof, kitchens, bathrooms, flooring, lighting, and countertops
