Investment Opportunity in Thriving St. Petersburg – Fully Updated Duplex with Strong Cash Flow! Discover this solid duplex located at 2300 5th St S in the desirable Harbordale neighborhood of St. Petersburg, Florida. This thoughtfully updated property offers two spacious units, each featuring 4 bedrooms and 1 bathroom, ideal for… Read More room-by-room rentals, student housing, or workforce accommodations in a high-demand rental market. Key Features & Updates: Separately metered for both electric and water – simplified tenant billing and expense tracking. Major systems refreshed: Roof, HVAC, and water heaters all updated within the last 4–6 years for reliable, low-maintenance ownership. Recent cosmetic enhancements including fresh paint, updated tile, and modern fixtures throughout, giving the units a clean, move-in-ready appeal. Proven Income Stream: Currently generating strong rental income with seven bedrooms leased on flexible month-to-month agreements. One bedroom remains vacant and actively marketed – perfect for an owner-occupant to live in one room while collecting rent from the rest, or to increase rents upon leasing. Annual gross rent roll: $64,800. Annual net income: $55,800 (after expenses) – delivering excellent cash flow in one of Florida's hottest markets. Situated on a corner lot, this property provides convenient access to downtown St. Pete's vibrant dining, entertainment, beaches, and major employers. Proximity to schools, shopping, and public transit makes it attractive to a wide range of tenants. Whether you're an investor seeking steady returns or looking to add to your portfolio in Pinellas County's booming real estate scene, this duplex offers immediate income, recent updates, and strong upside potential through rent optimization or future cosmetic improvements. Don't miss this rare opportunity – Schedule your showing today and secure your piece of St. Petersburg's rental market! Read Less
Courtesy of INSTA REAL ESTATE SOLUTIONS 813-586-0654
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
8
Square Ft.
1,765
Lot Size
0.16 Acres
Year Built
1940
MLS Number
TB8481489
Additional Details
Property Access
Road Responsibility: Public Maintained Road, Road Surface: Paved
Appliances & Equipment
Range, Refrigerator
Building
Built in 1940, Living area: 1765, Living area units: Square Feet, Levels: Two, Construction Materials: Stucco, Frame
Cooling
Central Air
Exterior Features
Private Mailbox, Sidewalk
Floors
Tile, Wood
Foundation
Concrete Perimeter
Heating
Central, Electric
Income
Gross Income: $64,800
Interior Features
Thermostat
Laundry
Electric Dryer Hookup, Washer Hookup
Lot
0.16 acres, City Limits, Level, Near Public Transit, Paved
Property
Completed
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 31-31-17-36684-000-0350, Public Survey Range: 17, Public Survey Section: 31, Annual Amount: $5,421, Tax Book Number: 8-29, Legal Description: HARBORDALE SUB LOT 35, Lot: 35, Year: 2025
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
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