Duplex with Private
For Sale
Under Contract
$550,000
11208 DUNCAN Street, Seminole, FL 33772
Residential Income, SEMINOLE, FL
Property Size1,998 SF
Lot Size0.18 Acres
Price / SF$275.28
Days on Market73
Property Features for 11208 DUNCAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Laundry Room, Bedroom 3, Bedroom 4, Bathroom 2
Parking features
Driveway
Patio and Porch features
Porch
Pets allowed
Yes
Pool private
1
Interior features
Ceiling Fans(s)
Exterior features
Lighting, Private Yard
Appliances
Dishwasher, Disposal, Range, Refrigerator
Subdivision
SEMINOLE LAKE VILLAGE 2ND ADD
Elementary school
Seminole Elementary-PN
Middle school
Osceola Middle-PN
High school
Seminole High-PN
Directions
From Osceola Middle School at 9301 98th St North in Seminole, take 98th St North to 102nd Ave N and continue into Seminole. Proceed along 98th Ave and Village Green Ave, then take Temple Ave to Duncan St. Continue to 11208 Duncan St in Seminole, which will be your destination.
Standard status
Active Under Contract
APN
22-30-15-79938-010-0030
Size
1,998 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEMINOLE LAKE VILLAGE 2ND ADD BLK J, LOT 3
Tax Annual Amount
6886
Legal Description
SEMINOLE LAKE VILLAGE 2ND ADD BLK J, LOT 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
pool
Building Details
Year built
1971
Floors in Building
1
Flooring type
Tile, Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC.
(877) 366-2213
Listed By:
Larry Fischer · License #3154340
(727) 300-6681
Added: Jun 25
Changed: Aug 20
Last Checked: Sep 5 at 2:06AM
MLS# TB8523448
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 1,998-square-foot duplex in Seminole is arranged as two separate living areas within a single-story residence. The larger side includes three bedrooms, one bathroom, a full kitchen, living and family areas, laundry, and an open arrangement. The second side provides one bedroom, one bathroom, its own kitchen, laundry area, private entry, and bonus storage space. Both units have central AC, while the larger unit received a replacement HVAC system in 2025. Interior updates include fresh paint, textured surfaces, and 5mm waterproof vinyl flooring alongside tile finishes.
The 0.18-acre property includes a screened private in-ground pool, landscaped outdoor space, exterior lighting, rain gutters, and a driveway. The pool pump was replaced in 2025. Public water and sewer serve the property, with one water meter and one electric meter. Additional features include no HOA, no flood zone designation, and proximity to the Pinellas Trail, Seminole Recreation Center, SPC library, and area beaches.
The 0.18-acre property includes a screened private in-ground pool, landscaped outdoor space, exterior lighting, rain gutters, and a driveway. The pool pump was replaced in 2025. Public water and sewer serve the property, with one water meter and one electric meter. Additional features include no HOA, no flood zone designation, and proximity to the Pinellas Trail, Seminole Recreation Center, SPC library, and area beaches.
Key Highlights
- 1,998‑square‑foot duplex configured as two separate living areas
- Unit arrangement includes 3 bedrooms and 1 bathroom on one side, plus 1 bedroom and 1 bathroom on the other
- Two full kitchens, separate laundry areas, and individual entrances
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
$23,321
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
4.24%
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%
$466,420
$466.4K
Cap Rate 7%
$333,157
$333.2K
Cap Rate 9%
$259,122
$259.1K
Market Conditions
NOI Build-Up for 1,998 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
$35.7K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.3K $16.67/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.3K $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%
$466,420
Cap Rate 7%
$333,157
Cap Rate 9%
$259,122
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.5K – $388.7K
NOI $23,321 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$262.5K
$229.7K – $306.3K
NOI $18,376 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$519.7K
$454.7K – $606.3K
NOI $36,379 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
762
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 - Single-story Seminole property offers two separate living areas, individual entrances, and full kitchens for flexible occupancy.
Where is this duplex located?
The property is located at 11208 DUNCAN Street Seminole, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1,998‑square‑foot duplex configured as two separate living areas; Unit arrangement includes 3 bedrooms and 1 bathroom on one side, plus 1 bedroom and 1 bathroom on the other; Two full kitchens, separate laundry areas, and individual entrances
