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Duplex with Two 1-Bedroom Units
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1151 La Salle St, Clearwater, FL 33755

Two occupied 1-bedroom, 1-bath units generate current net operating income as provided, with listed projections for pro forma performance.

Property SizeContact for details
Days on Market121

Property Features for 1151 La Salle St

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Additional Details

Cap Rate 7.33%
Multifamily Units 2
Listing Agency: Mcbride Kelly & Associates Llc
Listed By: Brian Mcbride · License #bk3014081
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 22 at 1:04AM

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 Mcbride Kelly & Associates Llc

Investment Insights

Based on property information with market context.

This duplex features two spacious 1-bedroom, 1-bath units. The property is currently described as 100% occupied, with each unit generating $1,600 in monthly income. The provided financial snapshot includes current net operating income of $36,410, with a pro forma NOI of $27,480 as well as a stated cap rate of 7.33%.

The offering also cites demographic support, with a population of 12,147 within a 1-mile radius and median household income of $43,049, along with an average household income of $73,993. The remarks further note larger populations and higher income levels within the 3 and 5-mile radii.

Key Highlights

  • Two occupied 1‑bedroom, 1‑bath units with 100% occupancy
  • Current NOI of $36,410 and listed cap rate of 7.33%
  • Pro forma NOI listed at $27,480 with growth projections

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Spa & Massage Center Hair Salon Nail Salon Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

749
Businesses Nearby

Demographics for 33755, FL

28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two occupied 1-bedroom, 1-bath units generate current net operating income as provided, with listed projections for pro forma performance.
Where is this duplex located?
The property is located at 1151 La Salle St Clearwater, FL.
What are key features of this property?
This property features: Two occupied 1‑bedroom, 1‑bath units with 100% occupancy; Current NOI of $36,410 and listed cap rate of 7.33%; Pro forma NOI listed at $27,480 with growth projections
(813) 493-0507 Call to check price and availability
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