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Major Price Reduction - 8.06% Cap Rate on Fully Renovated Duplex This turnkey duplex in St. Petersburg has received a strategic price reduction and is ready for immediate occupancy and income generation. The property includes two 1-bedroom, 1-bath units fully renovated in 2023 with modern finishes, updated systems, and durable materials, making it a low-maintenance investment with strong rental potential. Financials based on market rents: adjusted price $339,900, projected annual gross income of $36,000 ($3,000 per month), and a Net Operating Income (NOI) of $28,200, reflecting an estimated 8.06% cap rate. The property is located in the desirable 33705 ZIP code, minutes from Downtown St. Petersburg, hospitals, shopping, dining, and Gulf beaches. This area offers strong rental demand, stable occupancy trends, and long-term appreciation potential. A fully renovated, income-ready asset positioned for solid and reliable returns. Easy to show. Schedule your private tour today.
| DAYS ON MARKET | 87 | LAST UPDATED | 11/21/2025 |
|---|---|---|---|
| TRACT | HARBORDALE SUB | YEAR BUILT | 1947 |
| COMMUNITY | 33705 - St Pete | GARAGE SPACES | 2.0 |
| COUNTY | Pinellas | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Nov 3, '25 | $359,900 |
|---|---|
| Nov 3, '25 - Nov 21, '25 | $349,900 |
| Nov 21, '25 - Today | $339,900 |
| ADDITIONAL DETAILS | |
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Range, Refrigerator |
| AREA | 33705 - St Pete |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Frame |
| EXTERIOR | Balcony, Dog Run |
| GARAGE | Yes |
| HEAT | Baseboard |
| LOT | 6098 sq ft |
| LOT DIMENSIONS | 60x100 |
| PARKING | Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | HARBORDALE SUB |
| TAXES | 3289.31 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Nilka Castro, LPT REALTY, LLC, 877-366-2213
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 12/5/25 3:54 PM PST.
This IDX solution is (c) Diverse Solutions 2025.