4-Unit Multifamily
New
For Sale
$725,000
1267 FRANKLIN, Clearwater, FL 33756
Multifamily property offering multiple residential units in a walkable Clearwater setting with access to local amenities.
Property Size3,700 SF
Days on Market2
Property Features for 1267 FRANKLIN
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Investment
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$8,721
Building Details
Building Size
3,700 SF
Year Built
1964
Listing Agency:
Beycome Brokerage Realty LLC
Listed By:
Steve Koleno · License #BK3469487
(804) 656-5007
Source:
Elliman
Added: Sep 9
Last Checked: Sep 10 at 10:35AM
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 Beycome Brokerage Realty LLC
Investment Insights
Based on property information with market context.
This multifamily property at 1267 Franklin in Clearwater, Florida, contains four residential units and was built in 1964. The configuration provides multiple living spaces within one property, supporting residential occupancy or extended-family use as described in the available information.
The property is located in Clearwater, ZIP Code 33756, with a Walk Score of 78, designated Very Walkable. Its Bike Score is 74, designated Very Bikeable, while the Transit Score is 46, designated Some Transit. These scores describe the property's access characteristics within the surrounding area.
The property is located in Clearwater, ZIP Code 33756, with a Walk Score of 78, designated Very Walkable. Its Bike Score is 74, designated Very Bikeable, while the Transit Score is 46, designated Some Transit. These scores describe the property's access characteristics within the surrounding area.
Key Highlights
- Four‑unit multifamily property
- Built in 1964
- 1267 Franklin, Clearwater, FL 33756
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,680
$1.0M
Cap Rate 7%
$729,057
$729.1K
Cap Rate 9%
$567,044
$567.0K
Market Conditions
NOI Build-Up for 3,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.7K $21.00/SF
− Vacancy
−$4.8K −$1.30/SF
EGI
$72.9K $19.70/SF
− OpEx
−$21.9K −$5.91/SF
NOI
$51.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,020,680
Cap Rate 7%
$729,057
Cap Rate 9%
$567,044
Alternative Uses
Best Use
Multifamily LT 5
$729.1K
$637.9K – $850.6K
NOI $51,034 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$652.4K
$570.8K – $761.1K
NOI $45,665 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.04M
$908.3K – $1.21M
NOI $72,665 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,735
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property offering multiple residential units in a walkable Clearwater setting with access to local amenities.
Where is this quadplex located?
The property is located at 1267 FRANKLIN Clearwater, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Built in 1964; 1267 Franklin, Clearwater, FL 33756
