Duplex with Separately Metered
For Sale
$550,000
11316 Walsingham Rd, Seminole, FL 33778
Fully leased duplex with private utility metering, recent roof work, and a fenced yard.
Property Size1,914 SF
Price / SF$287.36
Days on Market50
Property Features for 11316 Walsingham Rd
General Information
Standard status
Active
Size
1,914 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Amenities
fenced yard
Building Details
Year Built
1985
Tenancy
Multi
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 9
Changed: Oct 27
Last Checked: Oct 28 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dalton Wade Inc
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Investment Insights
Based on property information with market context.
This 1,914-square-foot duplex, built in 1985, contains two 2-bedroom, 2-bath units. Each residence has its own electric and water meter, providing separate utility service. Both units are currently leased, and the property includes a fenced yard. The roof is 7 years old, and the sliding glass doors have been replaced.
Located at 11316 Walsingham Rd, the property offers a two-unit configuration with existing occupancy and distinct utility metering. The fenced outdoor area adds usable space alongside the residential improvements. Photos available for the property were taken before the current tenants moved in and may not reflect present colors or the current condition of certain interior surfaces and fixtures.
Located at 11316 Walsingham Rd, the property offers a two-unit configuration with existing occupancy and distinct utility metering. The fenced outdoor area adds usable space alongside the residential improvements. Photos available for the property were taken before the current tenants moved in and may not reflect present colors or the current condition of certain interior surfaces and fixtures.
Key Highlights
- Two 2‑bedroom, 2‑bath units
- 1,914 square feet built in 1985
- Each unit has its own electric and water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,341
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$446,820
$446.8K
Cap Rate 7%
$319,157
$319.2K
Cap Rate 9%
$248,233
$248.2K
Market Conditions
NOI Build-Up for 1,914 SF
Gross rent
$34.2K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.9K $16.67/SF
− OpEx
−$9.6K −$5.00/SF
NOI
$22.3K $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 Rate 5%
$446,820
Cap Rate 7%
$319,157
Cap Rate 9%
$248,233
Alternative Uses
Best Use
Multifamily LT 5
$319.2K
$279.3K – $372.4K
NOI $22,341 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$251.5K
$220.0K – $293.4K
NOI $17,603 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$497.8K
$435.6K – $580.8K
NOI $34,849 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
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Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with private utility metering, recent roof work, and a fenced yard.
Where is this duplex located?
The property is located at 11316 Walsingham Rd 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: Two 2‑bedroom, 2‑bath units; 1,914 square feet built in 1985; Each unit has its own electric and water meter
