Block-Construction
For Sale
$599,000
Pending
125 69TH N STREET, Clearwater, FL 33764
Three residential units offer two-bedroom layouts with in-unit laundry and included kitchen appliances.
Property Size2,583 SF
Days on Market517
Property Features for 125 69TH N STREET
General Information
Standard status
Pending
Size
2,583 SF
Property subtype
Multi Family
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,769
Amenities
washer/dryer
refrigerator
stove
Building Details
Year Built
1981
Buildings
1
Construction
block
Listing Agency:
INTERNATIONAL TOP AGENTS REALTY
(727) 260-0848
Listed By:
Victor Garcia Molano · License #3450632
(727) 481-3328
Source:
Exitrealty
Added: May 18, 2025
Changed: Oct 7
Last Checked: Oct 14 at 10:08PM
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 INTERNATIONAL TOP AGENTS REALTY
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Investment Insights
Based on property information with market context.
Built in 1981, this 2,583-square-foot triplex contains three residential units in block construction. Each apartment is configured with 2 bedrooms and 1 bathroom, with tile flooring throughout and a washer and dryer inside the unit. Refrigerators and stoves are included in each apartment.
Two of the three apartments have new central AC units. The property is located near US 19 North and Eastbay, providing access to a major nearby roadway and the surrounding Clearwater area.
Two of the three apartments have new central AC units. The property is located near US 19 North and Eastbay, providing access to a major nearby roadway and the surrounding Clearwater area.
Key Highlights
- Three‑unit triplex built in 1981
- 2,583 SF block‑construction property
- Each unit has 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,627
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,540
$712.5K
Cap Rate 7%
$508,957
$509.0K
Cap Rate 9%
$395,856
$395.9K
Market Conditions
NOI Build-Up for 2,583 SF
Gross rent
$54.2K $21.00/SF
− Vacancy
−$3.3K −$1.30/SF
EGI
$50.9K $19.70/SF
− OpEx
−$15.3K −$5.91/SF
NOI
$35.6K $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%
$712,540
Cap Rate 7%
$508,957
Cap Rate 9%
$395,856
Alternative Uses
Best Use
Multifamily LT 5
$509.0K
$445.3K – $593.8K
NOI $35,627 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$455.4K
$398.5K – $531.3K
NOI $31,879 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$724.7K
$634.1K – $845.5K
NOI $50,728 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
819
Businesses Nearby
Explore this area
Business Placement
Demographics for 33764, FL
27,547
Population
15,193
Households
1.8
Avg Household Size
50
Median Age
32%
College-Educated
93%
High-School Grad
6.3 sq mi
ZIP Area
4,373
Density / Sq Mi
$64,573
Median Household Income
$45,949
Median Earnings
$1,622
Median Rent
$302,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer two-bedroom layouts with in-unit laundry and included kitchen appliances.
Where is this triplex located?
The property is located at 125 69TH N STREET Clearwater, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three‑unit triplex built in 1981; 2,583 SF block‑construction property; Each unit has 2 bedrooms and 1 bathroom
