901 12th St S · St. Petersburg, FL 33712

$400,000

4 bd · 2.0 ba · 1,786 sqft · MultiFamily public records · 123 Days on market

Built 1950 7,379 sqft lot Est $377k · 6% over

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Why this score? — see what drove the D+ 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 +21.5/30.0
• DSCR +6.9/10.0
• 1% rule +5.1/10.0
• ARV discount +4.7/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• 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

Welcome to this rare multifamily opportunity in the heart of St. Petersburg’s Campbell Park neighborhood! Situated on a generous corner lot, 901 12th Street S offers a well-maintained duplex with two spacious 2-bedroom, 1-bath units, ideal for investors or owner-occupants seeking dependable rental income. Each unit offers comfortable living spaces, well-appointed kitchens, tile flooring throughout, and abundant natural light. A large fenced yard provides added privacy and outdoor enjoyment, while ample off-street parking enhances convenience. Recent improvements add value and peace of mind, including updated bathrooms in both units. The bathroom in Unit 901 has been retiled and refres

Key facts

• Fenced yard
• Updated bathrooms
• Corner lot

Tags

• MULTIFAMILY OPPORTUNITY
• CORNER LOT
• WELL MAINTAINED DUPLEX
• FENCED YARD
• AMPLE OFF STREET PARKING
• UPDATED BATHROOMS

Property features AI

Finance

• Other: Total buildings: 1; Lot size approximately 0.17 acres (67 x 110)
• Financial info: Gross income reported: $28,800; Annual net income reported: $22,000; Pro forma rent: $1,200 per unit for two 2-bedroom units
• HOA & community: No association

Exterior

• Parking: Asphalt-paved road access
• Utilities: Public water; Public sewer; Electricity available; Cable available; High-speed internet available; Sewer connected; Water connected
• Home design: Residential income property (duplex); One story
• Construction: Block construction; Shingle roof; Block and crawlspace foundation; Built as a single building with multiple units
• Exterior features: Sidewalk

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile
• Bathrooms: Multiple units with 1 bathroom each
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup; Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $400k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive. Per door: $302/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $400k).
• Recommended offer: $352k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 D — 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 soft (-0.8%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 12d 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 $4,022/mo this rent would consume 80% of the median local household income ($60k/yr) (locally 1928% 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

• It's been on market 123 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $400k implies a 1043% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $352,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 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 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 8.10%
• Cash-on-cash: 6.47%
• DSCR: 1.29
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $376,846
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
801 18th Ave S	0.72mi	4/2.0	1,680 (-6%)	8mo	$355,000	$211	50
875 19th Ave S Unit 1/2	0.74mi	5/3.0 (+1)	2,046 (+15%)	2mo	$335,000	$164	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.6%
• Equity multiple: 0.66×
• Total profit: $-38,222
• Equity at exit: $59,641

10-year hold

• IRR: -4.6%
• Equity multiple: 0.74×
• Total profit: $-29,567
• Equity at exit: $34,585

Cash invested: $112,000 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 16.6×

Monthly cashflow live

• Estimated rent: $4,022 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$310 /mo · $3,715/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$845
• Net cashflow: $604

Break-even live

Break-even rent $3,258

Max offer price $400,000

Occupancy floor 80%

Sensitivity live

Price	-10% $830	-5% $717	+0% $604	+5% $490	+10% $377
Rent	-10% $286	-5% $445	+0% $604	+5% $762	+10% $921
Rate	-1.0pp $805	-0.5pp $705	base $604	+0.5pp $500	+1.0pp $394

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$4,022
Total (2 units)			$4,022

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	5d	1	0.22mi
1317 14th St S St Petersburg, FL	4.0	2.0	1236	$2,150	$1.74	25d	1	0.29mi
1349 15th St S Saint Petersburg, FL	3.0	2.0	1702	$2,700	$1.59	25d	1	0.34mi
1137 Highland St S Saint Petersburg, FL	3.0	2.0	1400	$2,600	$1.86	3d	1	0.36mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	5d	1	0.43mi
1535 13th St S Saint Petersburg, FL	4.0	2.0	1716	$2,850	$1.66	25d	1	0.45mi
935 17th Ave S Saint Petersburg, FL	4.0	2.0	2448	$3,195	$1.31	5d	1	0.54mi
720 Newton Ave S Saint Petersburg, FL	4.0	2.0	1320	$2,500	$1.89	9d	1	0.59mi
1700 3rd Ave S Unit 2 St. Petersburg, FL	3.0	2.0	1400	$4,068	$2.91	25d	1	0.60mi
201 17th St S Saint Petersburg, FL	1.0–3.0	1.0–2.0	1073	$4,300	$4.01	3d	20	0.66mi
1400 21st St S Saint Petersburg, FL	4.0	2.0	1487	$2,970	$2.00	9d	1	0.68mi
675 16th Ave S Unit 1 St. Petersburg, FL	4.0	2.0	1518	$2,750	$1.81	12d	1	0.69mi
1000 1st Ave N St. Petersburg, FL	3.0	1.0–2.5	1123	$6,600	$5.87	3d	100	0.75mi
1002 1st Ave N Unit 1 St. Petersburg, FL	3.0	2.0	1815	$5,450	$3.00	25d	1	0.76mi
1002 1st Ave N Unit 3 St. Petersburg, FL	3.0	2.5	1815	$5,450	$3.00	25d	1	0.76mi
2003 10th St S Saint Petersburg, FL	4.0	2.0	1620	$2,349	$1.45	9d	1	0.76mi
855 Central Ave Saint Petersburg, FL	3.0	1.0–2.5	1432	$7,059	$4.93	3d	22	0.80mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	2148	$2,500	$1.16	25d	1	0.84mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	1572	$2,500	$1.59	5d	1	0.85mi
430 3rd Ave S Saint Petersburg, FL	3.0	1.0–2.0	971	$4,136	$4.26	3d	24	0.88mi
815 Arlington Ave N Saint Petersburg, FL	3.0	3.5	1988	$4,500	$2.26	15d	1	0.88mi
130 8th St N Unit 1 St. Petersburg, FL	3.0	3.5	1988	$5,300	$2.67	25d	1	0.90mi
2033 20th St S Saint Petersburg, FL	3.0	1.0	1752	$1,775	$1.01	5d	1	0.97mi
1911 22nd Ave S St Petersburg, FL	4.0	2.0	1424	$3,000	$2.11	4d	1	0.99mi
400 Central Ave #2102 Saint Petersburg, FL	3.0	2.5	1762	$9,500	$5.39	5d	1	1.01mi
400 Central Ave #2906 Saint Petersburg, FL	3.0	3.0	1948	$8,450	$4.34	5d	1	1.01mi
330 3rd St S Saint Petersburg, FL	3.0	1.0–2.0	996	$4,719	$4.74	2d	20	1.01mi
336 14th St N Saint Petersburg, FL	3.0	2.5	1534	$3,800	$2.48	25d	1	1.02mi
342 14th St N Saint Petersburg, FL	3.0	2.5	1534	$3,800	$2.48	25d	1	1.02mi
375 13th St N Unit 4 St. Petersburg, FL	3.0	3.5	2053	$4,950	$2.41	9d	1	1.04mi
777 3rd Ave N #708 Saint Petersburg, FL	3.0	2.5	2127	$8,750	$4.11	25d	1	1.07mi
330 Lang Ct N #1 Saint Petersburg, FL	4.0	2.5	1920	$6,500	$3.39	25d	1	1.07mi
2329 7th St S Saint Petersburg, FL	3.0	3.0	1894	$2,150	$1.14	19d	1	1.08mi
2244 21st Ave S Saint Petersburg, FL	3.0	1.0	1229	$2,250	$1.83	5d	1	1.13mi
1735 25th St S Saint Petersburg, FL	5.0	2.0	1453	$3,250	$2.24	25d	1	1.14mi
2310 21st St S Saint Petersburg, FL	5.0	3.0	1500	$3,460	$2.31	5d	1	1.14mi
773 W Harbor Dr S Saint Petersburg, FL	4.0	2.0	1495	$2,800	$1.87	25d	1	1.15mi
116 16th Ave SE Saint Petersburg, FL	3.0	2.0	1468	$3,200	$2.18	25d	1	1.16mi
2524 19th St S Saint Petersburg, FL	4.0	2.0	1230	$2,495	$2.03	25d	1	1.18mi
2435 20th St S Unit 1 St. Petersburg, FL	4.0	2.0	1230	$2,650	$2.15	25d	1	1.19mi

Listing history 8 events

1. 2026-06-18
   days on market $400,000 Active 123 DOM
2. 2026-06-17
   days on market $400,000 Active 122 DOM
3. 2026-06-16
   days on market $400,000 Active 121 DOM
4. 2026-06-15
   days on market $400,000 Active 120 DOM
5. 2026-06-13
   statusdays on market $400,000 Active 118 DOM
6. 2026-04-30
   price $400,000
7. 2026-01-29
   listed $425,000 Active
8. 2014-03-24
   soldstatus $35,000

ⓘ 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: $3,715 · $310/mo
• Projected year-2 tax: $3,715 · $310/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 · 26 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: $48,264
• − Mortgage interest: −$22,406
• − Property taxes: −$3,715
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,861
• − Management: −$3,861
• − Depreciation: −$11,636
• Taxable income: $785
• Est. tax owed @ 24.0%: −$188
• After-tax cash flow: $7,054/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 3% Other Indo-European 1%

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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+1042.9% since first listed

3 events — show timeline

• 2026-04-30 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Listed $425,000 Stellar MLS as Distributed by MLS Grid
• 2014-03-24 Sold (Public Records) $35,000 Public Records

Property tax history

+12.1%/yr

Latest (2025): $3,715 · +14.7% YoY. Source: county tax records.