Duplex with Two Three-Bedroom
1173 GRANADA Street, Clearwater, FL 33755
For Sale
$550,000
Residential Income, CLEARWATER, FL
Property Size2,064 SF
Lot Size0.15 Acres
Price / SF$266.47
Days on Market151
Property Features for 1173 GRANADA Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Listing Agency:
STONEBRIDGE REAL ESTATE CO
(727) 443-5000
Listed By:
Patrick Murray · License #3114144
(727) 692-1100
Added: Jun 12
Changed: Nov 6
Last Checked: Nov 9 at 9:06AM
MLS# TB8518306
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 1968 duplex contains 2064 square feet with two residences, each configured with 3 bedrooms and 1 bath. Both units are vacant and have separate utilities. Interior features include laminate flooring, ceiling fans, central heating, and central air, with each residence equipped with a dishwasher and electric water heater. The stucco exterior includes a shingle roof, private mailboxes, and sidewalk access.
The property occupies 0.15 acres next to the Pinellas Trail bike path and is a 10 minute bike ride to Dunedin. Parking includes a covered carport for two cars along with off-street spaces. Public water and public sewer serve the property, and cable is available.
The property occupies 0.15 acres next to the Pinellas Trail bike path and is a 10 minute bike ride to Dunedin. Parking includes a covered carport for two cars along with off-street spaces. Public water and public sewer serve the property, and cable is available.
Key Highlights
- Two‑unit duplex with 3 bedrooms and 1 bath in each residence
- Both units are vacant and separately metered for utilities
- 2064 square feet on 0.15 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,469
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
$569.4K
Cap Rate 7%
$406,700
$406.7K
Cap Rate 9%
$316,322
$316.3K
Market Conditions
NOI Build-Up for 2,064 SF
Gross rent
$43.3K $21.00/SF
− Vacancy
−$2.7K −$1.30/SF
EGI
$40.7K $19.70/SF
− OpEx
−$12.2K −$5.91/SF
NOI
$28.5K $13.79/SF
Area
Clearwater, FL
Vacancy
6.17%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
Cap Rate 7%
$406,700
Cap Rate 9%
$316,322
Alternative Uses
Best Use
Multifamily LT 5
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$363.9K
$318.4K – $424.6K
NOI $25,474 @ 7.0% cap · market cap 4.63%
Theoretical Best
Office A
$579.1K
$506.7K – $675.6K
NOI $40,535 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
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Business Placement
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
$300,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Clearwater, FL
Properties on Market for Duplexes in Clearwater
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer separate utilities, central systems, and covered parking.
Where is this duplex located?
The property is located at 1173 GRANADA Street Clearwater, 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‑unit duplex with 3 bedrooms and 1 bath in each residence; Both units are vacant and separately metered for utilities; 2064 square feet on 0.15 acres
