4411 1st Ave N · St. Petersburg, FL 33713

$395,000

4 bd · 2.0 ba · 1,604 sqft · MultiFamily public records · 12 Days on market

Built 1942 7,810 sqft lot

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Why this score? — see what drove the C- 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 +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.1/10.0
• 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

Short Sale. Steady income investment property duplex. Upstairs and downstairs apartments tenant occupied. Big front yard with plenty of room for utility sheds. Ample parking for tenants. Upstairs unit at some point had a second bedroom however it is a 1bdrm with a big living room. Downstairs has an air conditioned bonus room.

Key facts

• Zoned ntm-1
• Five-unit density
• 7,810 sq ft lot

Tags

• INCOME PRODUCING DUPLEX
• ZONED NTM-1
• FIVE-UNIT DENSITY
• VIBRANT COMMERCIAL CORRIDOR
• EASY WALKING BIKING DISTANCE
• VIBRANT DOWNTOWN ST PETERSBURG

Property features AI

Finance

• Other: Property type: Residential Income (Duplex); Total acreage: less than 1/4 acre (~0.18 acres); Living area (public records): 1,604 sq ft; Building area total: 1,896 sq ft; Total number of units: 2; Number of buildings: 1
• Financial info: Gross income reported: $33,420; Annual net income reported: $23,268; No lease restrictions reported; Number of separate water meters: 1; Pro forma income for 1-bedroom unit type: 1600
• HOA & community: No association

Exterior

• Parking: Driveway; Off-street parking; On-street parking
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Residential income property (duplex); Two levels; One building
• Construction: Vinyl siding; Shingle roof; Slab foundation; Built area and lot information from public records
• Exterior features: Screened porch; Exterior lighting; Private mailbox; Near public transit; Oversized lot; Asphalt road access; Lot dimensions approximately 63 x 125

Interior

• Bedrooms: Two bedrooms total; Duplex units: two 1-bedroom units (one occupied)
• Flooring: Tile flooring; Wood flooring
• Bathrooms: One bathroom per 1-bedroom unit
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $395k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive. Per door: $266/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $395k).
• Cap rate 7.9% 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 C — 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; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,982/mo this rent would consume 64% 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.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $63k; list at $395k implies a 527% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $395,000

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1942 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.01% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 8.3

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: -9.9%
• Equity multiple: 0.65×
• Total profit: $-39,234
• Equity at exit: $58,896

10-year hold

• IRR: -4.0%
• Equity multiple: 0.76×
• Total profit: $-26,277
• Equity at exit: $34,152

Cash invested: $110,600 (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: 16.5×

Monthly cashflow live

• Estimated rent: $3,982 high
• Mortgage (P&I): −$2,071
• Tax from tax record: −$377 /mo · $4,529/yr
• Insurance: −$165
• HOA: −$0
• Vacancy / Maint / Mgmt: −$836
• Net cashflow: $532

Break-even live

Break-even rent $3,308

Max offer price $395,000

Occupancy floor 82%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,982
Total (2 units)			$3,982

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: $98,750
• Closing costs: $11,850
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4010 1st Ave S Saint Petersburg, FL	3.0	1.5	1847	$2,195	$1.19	13d	1	0.35mi
4018 2nd Ave S Saint Petersburg, FL	3.0	1.0	1176	$2,095	$1.78	4d	1	0.37mi
4519 5th Ave S Saint Petersburg, FL	4.0	2.0	1448	$2,900	$2.00	3d	1	0.38mi
3911 2nd Ave N Saint Petersburg, FL	3.0	1.5	1520	$2,400	$1.58	24d	1	0.40mi
4736 5th Ave S Saint Petersburg, FL	4.0	1.0	1224	$1,895	$1.55	4d	1	0.50mi
404 Madison St S Saint Petersburg, FL	3.0	1.0	1391	$2,500	$1.80	4d	1	0.51mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$2,100	$1.77	4d	12	0.52mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	24d	1	0.58mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	4d	1	0.62mi
4711 Fairfield Ave S Saint Petersburg, FL	3.0	2.0	1135	$2,800	$2.47	4d	1	0.62mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	4d	1	0.63mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	24d	1	0.68mi
5201 1st Ave N Unit 5201 St. Petersburg, FL	4.0	2.0	1597	$2,895	$1.81	20d	1	0.69mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	24d	1	0.75mi
3855 8th Ave S Saint Petersburg, FL	4.0	2.0	1565	$3,530	$2.26	4d	1	0.82mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	11d	1	0.87mi
4801 10th Ave S Unit 1 St. Petersburg, FL	3.0	1.0	1100	$2,200	$2.00	24d	1	0.88mi
4700 10th Ave S Unit 1 St. Petersburg, FL	4.0	2.0	1300	$2,650	$2.04	24d	1	0.88mi
4700 10th Ave S Saint Petersburg, FL	3.0	2.0	1300	$2,500	$1.92	20d	1	0.88mi
800 51st St S Gulfport, FL	3.0	2.0	1258	$3,200	$2.54	4d	1	0.88mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	4d	1	0.99mi
3259 Emerson Ave S Saint Petersburg, FL	4.0	2.5	2136	$3,950	$1.85	3d	1	1.02mi
4029 13th Ave S St Petersburg, FL	3.0	2.0	1152	$2,650	$2.30	24d	1	1.03mi
4718 13th Ave S Saint Petersburg, FL	4.0	1.5	1520	$2,881	$1.90	12d	1	1.07mi
3133 4th Ter N Saint Petersburg, FL	3.0	3.5	1952	$4,275	$2.19	3d	1	1.09mi
3129 4th Ter N Saint Petersburg, FL	3.0	3.5	1952	$4,250	$2.18	12d	1	1.09mi
4721 14th Ave S Saint Petersburg, FL	5.0	3.0	1788	$3,700	$2.07	24d	1	1.10mi
3053 2nd Ave N St Petersburg, FL	4.0	2.5	1476	$5,500	$3.73	24d	1	1.10mi
3109 4th Ter N Saint Petersburg, FL	3.0	3.5	1952	$4,200	$2.15	24d	1	1.11mi
3301 9th Ave N Saint Petersburg, FL	3.0	2.0	1514	$3,500	$2.31	4d	1	1.11mi
3026 Burlington Ave N Saint Petersburg, FL	3.0	1.0	1319	$2,550	$1.93	4d	1	1.13mi
3026 Burlington Ave N Saint Petersburg, FL	3.0	1.0	1319	$2,550	$1.93	11d	1	1.13mi
1543 43rd St S Saint Petersburg, FL	4.0	2.0	1198	$3,495	$2.92	4d	1	1.19mi
1711 Scranton St S Saint Petersburg, FL	4.0	2.0	2041	$3,400	$1.67	4d	1	1.28mi
4631 Queensboro Ave S St Petersburg, FL	3.0	2.0	1094	$2,600	$2.38	10d	1	1.31mi
4631 Queensboro Ave S Unit 4631 St. Petersburg, FL	3.0	2.0	1094	$2,600	$2.38	7d	1	1.31mi
3603 16th Ave S Saint Petersburg, FL	4.0	2.0	1235	$3,000	$2.43	4d	1	1.34mi
2900 Freemont Ter S Saint Petersburg, FL	3.0	3.0	1376	$2,560	$1.86	4d	1	1.36mi
1734 39th St S Saint Petersburg, FL	4.0	2.0	1152	$2,000	$1.74	24d	1	1.37mi
350 28th St S Saint Petersburg, FL	4.0	3.0	1808	$3,950	$2.18	4d	1	1.38mi

Listing history 9 events

1. 2026-05-01
   status Pending
2. 2026-04-18
   listed $395,000 Active
3. 2013-11-06
   soldstatus $63,000
4. 2013-10-30
   soldstatus $63,000 327-char remark

   Show marketing remark (327 chars)

   Short Sale. Steady income investment property duplex. Upstairs and downstairs apartments tenant occupied. Big front yard with plenty of room for utility sheds. Ample parking for tenants. Upstairs unit at some point had a second bedroom however it is a 1bdrm with a big living room. Downstairs has an air conditioned bonus room.

5. 2013-02-14
   listed $79,900 327-char remark

   Show marketing remark (327 chars)

   Short Sale. Steady income investment property duplex. Upstairs and downstairs apartments tenant occupied. Big front yard with plenty of room for utility sheds. Ample parking for tenants. Upstairs unit at some point had a second bedroom however it is a 1bdrm with a big living room. Downstairs has an air conditioned bonus room.

6. 2004-04-19
   soldstatus $97,500
7. 2000-04-07
   soldstatus $77,300
8. 1988-04-18
   soldstatus $43,500
9. 1983-05-01
   soldstatus $39,500

ⓘ 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: $4,529 · $377/mo
• Projected year-2 tax: $4,529 · $377/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $47,784
• − Mortgage interest: −$22,126
• − Property taxes: −$4,529
• − Insurance: −$1,975
• − Repairs & maintenance: −$3,823
• − Management: −$3,823
• − Depreciation: −$11,491
• Taxable income: $18
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $6,384/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

+900.0% since first listed

9 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-18 Listed $395,000 Stellar MLS as Distributed by MLS Grid
• 2013-11-06 Sold (Public Records) $63,000 Public Records
• 2013-10-30 Sold (MLS) $63,000 Stellar MLS as Distributed by MLS Grid
• 2013-02-14 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2004-04-19 Sold (Public Records) $97,500 Public Records
• 2000-04-07 Sold (Public Records) $77,300 Public Records
• 1988-04-18 Sold (Public Records) $43,500 Public Records
• 1983-05-01 Sold (Public Records) $39,500 Public Records

Property tax history

+10.5%/yr

Latest (2025): $4,529 · +13.7% YoY. Source: county tax records.