1208 17th St N · St. Petersburg, FL 33713

$399,900

6 bd · 2.0 ba · 1,207 sqft · MultiFamily public records · 139 Days on market

Built 1935 6,425 sqft lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

2 Story Duplex in great rental area. 2 bedroom unit upstairs rents for $675. with annual lease. 1 bedroom unit downstairs rents for $500 mo. The property is priced to sell. It needs work. Being sold as is with right to inspect.

Key facts

• High demand location
• Convenient access
• Separate entrances

Tags

• INCOME PRODUCING PROPERTY
• STRONG RENTAL POTENTIAL
• SEPARATE ENTRANCES
• FUNCTIONAL FLOOR PLANS
• CONVENIENT ACCESS
• HIGH DEMAND LOCATION

Property features AI

Finance

• Other: Property subtype: duplex; Zoned residential
• Financial info: Annual net income reported: $15,655.40; Tenant responsible for electricity
• HOA & community: No HOA

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Residential income property (duplex); Single building containing both units; Total living area about 1,207 sq ft (per public records)
• Construction: Stucco and frame construction; Shingle roof; Slab foundation; Built on approximately 0.14 acre lot
• Exterior features: Fenced lot; Asphalt road access

Interior

• Kitchen: Appliances not listed
• Bedrooms: Total of 3 bedrooms; Unit mix: one 1-bedroom unit and one 2-bedroom unit
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Central heating; Ductless heating option; Central air conditioning; Wall/window air conditioning units
• Interior features: Living room and dining room combined
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $400k.

Deal economics

• At list price, monthly cash flow is $2k ($21k/yr) — positive. Per door: $875/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($6k rent vs $400k).
• Recommended offer: $352k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 2.6% in St. Petersburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 307 active listings in the ZIP; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $5,619/mo this rent would consume 90% of the median local household income ($75k/yr) (locally 1076% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.7% rent growth), your $112k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $50k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $400k implies a 700% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $351,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.41% ✓
• Cap rate: 11.54%
• Cash-on-cash: 18.76%
• DSCR: 1.83
• GRM: 5.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.30×
• Total profit: $33,831
• Equity at exit: $59,626

10-year hold

• IRR: 15.1%
• Equity multiple: 2.10×
• Total profit: $122,733
• Equity at exit: $34,576

Cash invested: $111,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33713

• Rents YoY: 0.7%
• Active inventory: 307
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $5,619 high
• Mortgage (P&I): −$2,097
• Tax from tax record: −$425 /mo · $5,101/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,180
• Net cashflow: $1,750

Break-even live

Break-even rent $3,404

Max offer price $399,900

Occupancy floor 64%

Sensitivity live

Price	-10% $1,977	-5% $1,863	+0% $1,750	+5% $1,637	+10% $1,524
Rent	-10% $1,306	-5% $1,528	+0% $1,750	+5% $1,972	+10% $2,194
Rate	-1.0pp $1,952	-0.5pp $1,852	base $1,750	+0.5pp $1,647	+1.0pp $1,541

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$5,620
Total (2 units)			$5,619

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   price $399,900 Active 139 DOM
2. 2026-06-18
   days on market $409,900 Active 139 DOM
3. 2026-06-17
   days on market $409,900 Active 138 DOM
4. 2026-06-16
   days on market $409,900 Active 137 DOM
5. 2026-06-15
   days on market $409,900 Active 136 DOM
6. 2026-06-13
   days on market $409,900 Active 134 DOM
7. 2026-06-09
   days on market $409,900 Active 130 DOM
8. 2026-06-08
   days on market $409,900 Active 129 DOM
9. 2026-06-07
   days on market $409,900 Active 128 DOM
10. 2026-06-04
    days on market $409,900 Active 125 DOM
11. 2026-06-03
    days on market $409,900 Active 124 DOM
12. 2026-06-01
    days on market $409,900 Active 122 DOM
13. 2026-05-31
    days on market $409,900 Active 121 DOM
14. 2026-05-14
    price $409,900
15. 2026-05-07
    status Active
16. 2026-04-09
    status Pending
17. 2026-03-04
    price $419,900
18. 2026-01-28
    price $424,900
19. 2026-01-28
    price $425,000
20. 2026-01-14
    price $439,000
21. 2026-01-02
    listed $450,000 Active
22. 2014-01-22
    soldstatus $50,000
23. 2014-01-17
    soldstatus $50,000 227-char remark

    Show marketing remark (227 chars)

    2 Story Duplex in great rental area. 2 bedroom unit upstairs rents for $675. with annual lease. 1 bedroom unit downstairs rents for $500 mo. The property is priced to sell. It needs work. Being sold as is with right to inspect.

24. 2013-11-18
    listed $60,000 227-char remark

    Show marketing remark (227 chars)

    2 Story Duplex in great rental area. 2 bedroom unit upstairs rents for $675. with annual lease. 1 bedroom unit downstairs rents for $500 mo. The property is priced to sell. It needs work. Being sold as is with right to inspect.

25. 2006-11-02
    listed $150,000
26. 2003-07-17
    soldstatus $86,500
27. 2000-07-05
    soldstatus $60,300
28. 1984-11-01
    soldstatus $22,700

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $5,101 · $425/mo
• Projected year-2 tax: $5,101 · $425/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $67,428
• − Mortgage interest: −$22,401
• − Property taxes: −$5,101
• − Insurance: −$2,000
• − Repairs & maintenance: −$5,394
• − Management: −$5,394
• − Depreciation: −$11,633
• Taxable income: $15,504
• Est. tax owed @ 24.0%: −$3,721
• After-tax cash flow: $17,281/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 31,729
• Household income: $74,707
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1076.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 13% Two or more races 9% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 2% Vietnamese 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -439.69%
• Current HPI: 478.8317
• Rent YoY: ▲ 0.67%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+1705.7% since first listed

15 events — show timeline

• 2026-05-14 Price Changed $409,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $419,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Price Changed $424,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Price Changed $439,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-02 Listed $450,000 Stellar MLS as Distributed by MLS Grid
• 2014-01-22 Sold (Public Records) $50,000 Public Records
• 2014-01-17 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2013-11-18 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2006-11-02 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2003-07-17 Sold (Public Records) $86,500 Public Records
• 2000-07-05 Sold (Public Records) $60,300 Public Records
• 1984-11-01 Sold (Public Records) $22,700 Public Records

Property tax history

+11.8%/yr

Latest (2025): $5,101 · +16.1% YoY. Source: county tax records.