Duplex with In-Law
For Sale
$625,000
10532 67TH Avenue, Seminole, FL 33772
Residential Income, SEMINOLE, FL
Property Size2,868 SF
Lot Size0.15 Acres
Price / SF$217.92
Days on Market102
Property Features for 10532 67TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Dining Room, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 5, Bedroom 1, Bedroom 2
Parking features
Driveway
Window features
Blinds
Interior features
Ceiling Fans(s), L Dining
Exterior features
Dog Run, Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
SEMINOLE SUB
Directions
West on Park Blvd, left on Seminole Blvd, left on 67th Ave., house is on right
Standard status
Active
APN
34-30-15-80136-007-0010
Size
2,868 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEMINOLE SUB BLK G, LOT 1
Tax Annual Amount
5392
Legal Description
SEMINOLE SUB BLK G, LOT 1
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
laundry room
fenced yard
Building Details
Year built
1968
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Tile
Building materials
Block, Frame
Roof type
Shingle
Additional Structures
Kennel/Dog Run
Listing Agency:
COLDWELL BANKER REALTY
(727) 381-2345
Listed By:
Vanessa Akins · License #3449773
(727) 418-9078
Added: May 27
Changed: Sep 5
Last Checked: Sep 5 at 4:06PM
MLS# TB8513785
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,868-square-foot duplex property includes a 3-bedroom, 4-bathroom main residence and a separate 1-bedroom, 1-bathroom in-law suite. The main home has two living areas, a formal dining room, dedicated laundry room, and 2-car garage. The suite includes its own private laundry room with washer and dryer. Central heating and cooling serve the property, while gas connects to the water heater, dryer, and stove.
The property occupies a 0.15-acre landscaped corner lot with a fenced yard and dog run. It is zoned multifamily and has public water and public sewer. The Seminole location is minutes from Gulf beaches, Seminole City Center, schools, community parks, and the Pinellas Trail. Built in 1968, the home also includes a driveway, shingle roof, block and frame construction, tile and vinyl flooring, and cable availability.
The property occupies a 0.15-acre landscaped corner lot with a fenced yard and dog run. It is zoned multifamily and has public water and public sewer. The Seminole location is minutes from Gulf beaches, Seminole City Center, schools, community parks, and the Pinellas Trail. Built in 1968, the home also includes a driveway, shingle roof, block and frame construction, tile and vinyl flooring, and cable availability.
Key Highlights
- 2,868 SF property with a 3‑bedroom, 4‑bathroom main residence
- Separate 1‑bedroom, 1‑bathroom in‑law suite
- Main home includes two living areas, formal dining room, laundry room, and 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,477
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,540
$669.5K
Cap Rate 7%
$478,243
$478.2K
Cap Rate 9%
$371,967
$372.0K
Market Conditions
NOI Build-Up for 2,868 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.3K $17.88/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$47.8K $16.67/SF
− OpEx
−$14.3K −$5.00/SF
NOI
$33.5K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,540
Cap Rate 7%
$478,243
Cap Rate 9%
$371,967
Alternative Uses
Best Use
Multifamily LT 5
$478.2K
$418.5K – $558.0K
NOI $33,477 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$376.8K
$329.7K – $439.6K
NOI $26,377 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$746.0K
$652.7K – $870.3K
NOI $52,219 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
Explore this area
Business Placement
Demographics for 33772, FL
24,121
Population
12,340
Households
2
Avg Household Size
51
Median Age
32%
College-Educated
93%
High-School Grad
5.3 sq mi
ZIP Area
4,551
Density / Sq Mi
$74,026
Median Household Income
$46,187
Median Earnings
$1,454
Median Rent
$327,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas and private laundry add flexibility to the main residence and ancillary suite.
Where is this duplex located?
The property is located at 10532 67TH Avenue Seminole, FL.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 2,868 SF property with a 3‑bedroom, 4‑bathroom main residence; Separate 1‑bedroom, 1‑bathroom in‑law suite; Main home includes two living areas, formal dining room, laundry room, and 2‑car garage
