Two-Unit Duplex
For Sale
$550,000
11316 WALSINGHAM Road, Seminole, FL 33778
Residential Income, SEMINOLE, FL
Property Size1,914 SF
Lot Size0.23 Acres
Price / SF$287.36
Days on Market52
Property Features for 11316 WALSINGHAM Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Dining Room, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2
Parking features
Open
Pets allowed
Yes
Interior features
High Ceilings, Living Room/Dining Room Combo, Thermostat
Exterior features
Fence
Fencing
Fenced
Appliances
Dishwasher, Disposal, Electric Water Heater, Range, Refrigerator
Subdivision
ORANGE BLOSSOM RIDGE
Directions
113th St to Walsingham Rd. Property is on corner
Standard status
Active
APN
16-30-15-64062-011-0010
Size
1,914 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGE BLOSSOM RIDGE UNIT 3 BLK 11, LOT 1 LESS RD
Tax Annual Amount
7448
Legal Description
ORANGE BLOSSOM RIDGE UNIT 3 BLK 11, LOT 1 LESS RD
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1985
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Nicole Brooks
(727) 481-0814
Added: Sep 4
Changed: Oct 22
Last Checked: Oct 25 at 10:06AM
MLS# TB8546775
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.
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Investment Insights
Based on property information with market context.
This 1,914-square-foot duplex contains two 2-bedroom, 2-bath units, creating a clearly defined two-unit configuration. Both residences are currently leased and have separate electric and water meters. Interior features include combined living and dining areas, high ceilings, thermostats, kitchens with ranges, refrigerators, dishwashers, disposals, and electric water heaters. Central heating and central air serve the units.
Built in 1985, the block-and-stucco property has a shingle roof that is 7 years old, along with replaced sliding glass doors. The 0.23-acre parcel is enclosed by fencing and includes open parking. Public water and public sewer serve the property, with cable available. Located in Seminole, the property carries R-4 zoning.
Built in 1985, the block-and-stucco property has a shingle roof that is 7 years old, along with replaced sliding glass doors. The 0.23-acre parcel is enclosed by fencing and includes open parking. Public water and public sewer serve the property, with cable available. Located in Seminole, the property carries R-4 zoning.
Key Highlights
- Two 2‑bedroom, 2‑bath units within 1,914 square feet
- Both units are currently leased
- Separate electric and water meters for each unit
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
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
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 - R-4-zoned duplex with separate utility metering, leased units, and a fenced yard.
Where is this duplex located?
The property is located at 11316 WALSINGHAM Road 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 within 1,914 square feet; Both units are currently leased; Separate electric and water meters for each unit
