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St. Pete Duplex – Heavy Rehab w/ Big Upside

$139,900 • 3 Beds / 2 Baths • 1,330 SqFt

Available

Offer Submission Deadline

House Type 2-4 Unit
Bedrooms 3
Bathrooms 2
Year Built 1948
Approx.SqFt. 1330
Garage No Garage

Description

This 1,330 sq ft duplex, built in 1948, sits on a 6,064 sq ft lot in St. Petersburg. The property is split into two units: Unit A – 2 bed/1 bath and Unit B – 1 bed/1 bath, making it a strong candidate for BRRRR, flip, or long-term rental cash flow. The location is minutes from downtown St. Pete, highways, and the beaches—high demand rental corridor.

The property requires a full renovation: kitchens, baths, flooring, paint, systems updates, and general exterior/interior improvements. With a solid layout and comps supporting strong resale or rental values, this is a rare chance to buy at a steep discount and add significant equity.

🛠️ Rehab Scope

Full interior gut/renovation for both units
New kitchens & baths
Flooring throughout
Interior & exterior paint
Potential electrical/plumbing updates
Exterior clean-up & curb appeal improvements

🔴 Comparable Sales

2329 7th St S – 1,181 sq ft, built 1923 → Sold $400,000 ($339/sq ft) – renovated
2354 7th St S – 1,408 sq ft, built 1956 → Sold $265,000 ($188/sq ft) – dated
1130 22nd Ave S – 1,668 sq ft, built 1956 → Sold $490,000 ($294/sq ft) – renovated
659 26th Ave S – 1,200 sq ft, built 1923 → Sold $250,000 ($208/sq ft) – needs work
2200 E Harbor Dr S – 1,672 sq ft, built 1940 → Sold $290,000 ($173/sq ft) – dated

💰 ARV Insight

With renovated duplexes in the area selling between $208–$339/sq ft, this property’s ARV projects in the $300k–$375k range once fully updated.