Duplex-Style Income Property with Two
102 SHORE W DRIVE Oldsmar, FL 34677
102 SHORE W DRIVE, Oldsmar, FL, 34677
$475,000
Pending
For Sale
$475,000
Pending
Two separate living units each have a private entry, full kitchen, and independently metered electric and water.
Property Size2,530 SF
Days on Market487
Property Features for 102 SHORE W DRIVE
General Information
- Standard status
- Pending
- Size
- 2,530 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1969
Listing agency
COLDWELL BANKER REALTY
(727) 481-7042
Listed by
Vincent Gepp · License #3080899
(727) 481-7042
Source
Exitrealty
Added: Mar 23, 2025 Updated: Jul 21 at 5:18AM Checked: Jul 22 at 8:03AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This auction property is configured as two separate living units within one home, offering private entries, full kitchens, living rooms, and independently recorded electric and water meters. Each unit also has its own AC system. The primary unit includes three bedrooms, two full bathrooms, a living room, dining room, and a large sunroom. The secondary unit includes two bedrooms, two full bathrooms, a living area, and a full kitchen.
The property is located directly across from R.E. Olds Park and Tampa Bay, with park amenities that include an amphitheater, playgrounds, trails, and dog-friendly areas, as well as year-round events.
Sold free and clear of all liens and offered with an auction scheduled live on site at 12pm on SAT APR 12th, with the public welcome to participate.
The property is located directly across from R.E. Olds Park and Tampa Bay, with park amenities that include an amphitheater, playgrounds, trails, and dog-friendly areas, as well as year-round events.
Sold free and clear of all liens and offered with an auction scheduled live on site at 12pm on SAT APR 12th, with the public welcome to participate.
Key Highlights
- 1969‑built home configured as 2 separate living units with private entries
- Each unit has its own full kitchen, living space, and independently recorded electric and water meters
- Main unit includes 1,540 SF AC with 3 beds, 2 full baths, living room, dining room, and large sunroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.2k | $17.88 |
| − Vacancy | −$3.0k | −$1.21 |
| EGI | $42.2k | $16.67 |
| − OpEx | −$12.7k | −$5.00 |
| NOI | $29.5k | $11.67 |
2,530 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$332.4K
$290.9K – $387.8K
NOI $23,269 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$658.1K
$575.8K – $767.8K
NOI $46,065 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Paramount WebStores
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two separate living units each have a private entry, full kitchen, and independently metered electric and water.
Where is this duplex located?
The property is located at 102 SHORE W DRIVE Oldsmar, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1969‑built home configured as 2 separate living units with private entries; Each unit has its own full kitchen, living space, and independently recorded electric and water meters; Main unit includes 1,540 SF AC with 3 beds, 2 full baths, living room, dining room, and large sunroom
