Fully Occupied Duplex with Separate
1266 SANTA ROSA STREET Clearwater, FL 33756
For Sale
$405,000
Turnkey duplex with both units currently rented, featuring separate electric meters, on-site laundry, and private driveway parking.
Property Size1,908 SF
Price / SF$212.26
Days on Market483
Property Features for 1266 SANTA ROSA STREET
General Information
- Standard status
- Active
- Size
- 1,908 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1966
Listing Agency:
THE KEYES COMPANY - SARASOTA
(941) 362-4100
Listed By:
Jonathan Cariello · License #3513600
(941) 362-4100
Source:
Exitrealty
Added: Mar 28, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:59AM
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 THE KEYES COMPANY - SARASOTA
Investment Insights
Based on property information with market context.
This fully occupied duplex offers two rental units with a setup designed for straightforward tenant separation. The front unit is a 3-bedroom, 1-bath residence, and the back unit is a 1-bedroom, 1-bath apartment. Both units feature terrazzo flooring. The property includes on-site laundry facilities and a private driveway with parking.
The duplex is located at 1266 Santa Rosa Street in Clearwater, Florida. The public remarks describe access to nearby shopping and entertainment, and proximity to Clearwater Beach, Belleair Country Club, Downtown St. Petersburg, and Tampa International Airport.
For a rental-focused buyer, the two-unit configuration and separate electric meters can support independent utility billing for each unit, while the current occupancy provides immediate income according to the seller’s stated rental history and monthly rent figures.
The duplex is located at 1266 Santa Rosa Street in Clearwater, Florida. The public remarks describe access to nearby shopping and entertainment, and proximity to Clearwater Beach, Belleair Country Club, Downtown St. Petersburg, and Tampa International Airport.
For a rental-focused buyer, the two-unit configuration and separate electric meters can support independent utility billing for each unit, while the current occupancy provides immediate income according to the seller’s stated rental history and monthly rent figures.
Key Highlights
- Fully occupied duplex in Clearwater, FL with both units currently rented for immediate rental income
- Monthly rent: front unit 3BR/1BA at $1,745/month; back unit 1BR/1BA at $1,305/month
- Separate electric meters for each unit for convenient tenant setup
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 | $40.1k | $21.00 |
| − Vacancy | −$2.5k | −$1.30 |
| EGI | $37.6k | $19.70 |
| − OpEx | −$11.3k | −$5.91 |
| NOI | $26.3k | $13.79 |
1,908 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$376.0K
$329.0K – $438.6K
NOI $26,317 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$336.4K
$294.4K – $392.5K
NOI $23,549 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$535.3K
$468.4K – $624.5K
NOI $37,471 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with both units currently rented, featuring separate electric meters, on-site laundry, and private driveway parking.
Where is this duplex located?
The property is located at 1266 SANTA ROSA STREET Clearwater, FL.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Fully occupied duplex in Clearwater, FL with both units currently rented for immediate rental income; Monthly rent: front unit 3BR/1BA at $1,745/month; back unit 1BR/1BA at $1,305/month; Separate electric meters for each unit for convenient tenant setup
