Two-Unit Duplex with
For Sale
$485,000
1304 AMBLE LANE, Clearwater, FL 33755
Each residence includes a garage, screened porch, laundry room, and fenced yard.
Property Size1,827 SF
Price / SF$265.46
Days on Market746
Property Features for 1304 AMBLE LANE
General Information
Standard status
Active
Size
1,827 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$6,477
Amenities
screened porch
laundry room
fenced yard
Building Details
Year Built
1972
Listing Agency:
LYRIC REALTY GROUP, INC.
(727) 742-4361
Listed By:
Liliana Damiani · License #3188421
(727) 742-4361
Source:
Exitrealty
Added: Aug 16, 2024
Changed: Aug 31
Last Checked: Aug 31 at 4:12PM
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 LYRIC REALTY GROUP, INC.
Investment Insights
Based on property information with market context.
Built in 1972, this 1827 SF duplex contains two separately metered residences, each with living space, a kitchen, screened porch, laundry room, two bedrooms, one bathroom, and a garage. Both units also have fenced yards.
The 1304 Amble Lane unit is vacant and features newer appliances, fresh paint, and an air-conditioning system that is a few years old and operating well. The 1306 Amble Lane unit is leased month to month and has a recently replaced AC unit. The roof is older but reported to be in good condition. The property is offered AS IS with right of inspection.
The 1304 Amble Lane unit is vacant and features newer appliances, fresh paint, and an air-conditioning system that is a few years old and operating well. The 1306 Amble Lane unit is leased month to month and has a recently replaced AC unit. The roof is older but reported to be in good condition. The property is offered AS IS with right of inspection.
Key Highlights
- Two‑unit duplex with 1827 SF of total property size
- Separate water meters serve the two residences
- Each unit includes 2 bedrooms, 1 bathroom, a garage, screened porch, and laundry room
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
$25,200
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
5.20%
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%
$504,000
$504.0K
Cap Rate 7%
$360,000
$360.0K
Cap Rate 9%
$280,000
$280.0K
Market Conditions
NOI Build-Up for 1,827 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
$38.4K $21.00/SF
− Vacancy
−$2.4K −$1.30/SF
EGI
$36.0K $19.70/SF
− OpEx
−$10.8K −$5.91/SF
NOI
$25.2K $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%
$504,000
Cap Rate 7%
$360,000
Cap Rate 9%
$280,000
Alternative Uses
Best Use
Multifamily LT 5
$360.0K
$315.0K – $420.0K
NOI $25,200 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$322.1K
$281.9K – $375.8K
NOI $22,549 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$512.6K
$448.5K – $598.0K
NOI $35,881 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes a garage, screened porch, laundry room, and fenced yard.
Where is this duplex located?
The property is located at 1304 AMBLE LANE Clearwater, FL.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with 1827 SF of total property size; Separate water meters serve the two residences; Each unit includes 2 bedrooms, 1 bathroom, a garage, screened porch, and laundry room
