Furnished Duplex with Detached
For Sale
$499,000
1466 LAURA ST, Clearwater, FL 33755
Two furnished residences support flexible occupancy, guest, workspace, and rental arrangements.
Property Size1,423 SF
Days on Market65
Property Features for 1466 LAURA ST
General Information
Standard status
Active
Size
1,423 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$5,180
Amenities
separate fenced backyards
washer and dryer
dedicated workspace
Building Details
Building Size
1,423 SF
Year Built
1926
Buildings
2
Listing Agency:
COMPASS FLORIDA LLC
(727) 295-0000
Listed By:
Kim Meredith-Hampton · License #601196
Source:
Judibeck
Added: Jun 4
Changed: Aug 2
Last Checked: Aug 7 at 1:59AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This furnished duplex property pairs a primary residence with a separate cottage. The main home provides approximately 1,423 square feet, including a full kitchen, living and dining areas, three bedrooms, and one full bathroom. The detached cottage adds approximately 600 square feet with its own kitchen, living area, bedroom, bathroom, and dedicated workspace. Each residence includes its own washer and dryer, new roof, and fenced backyard.
The property is located at 1466 Laura St in Clearwater’s East Gateway District, a short distance from Gulf-to-Bay Boulevard and Clearwater Beach. The setting provides access to shopping, dining, entertainment, museums, parks, Downtown Clearwater, downtown St. Petersburg, Tampa International Airport, and St. Pete-Clearwater International Airport.
Built in 1926, the two-residence layout accommodates owner occupancy with supplemental rental use, multi-generational living, guests, or separate workspace.
The property is located at 1466 Laura St in Clearwater’s East Gateway District, a short distance from Gulf-to-Bay Boulevard and Clearwater Beach. The setting provides access to shopping, dining, entertainment, museums, parks, Downtown Clearwater, downtown St. Petersburg, Tampa International Airport, and St. Pete-Clearwater International Airport.
Built in 1926, the two-residence layout accommodates owner occupancy with supplemental rental use, multi-generational living, guests, or separate workspace.
Key Highlights
- Main residence offers approximately 1,423 square feet with 3 bedrooms and 1 bath
- Detached furnished cottage adds approximately 600 square feet with 1 bedroom and 1 bath
- Both residences include a full kitchen, washer and dryer, and new roof
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
$19,627
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
3.93%
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%
$392,540
$392.5K
Cap Rate 7%
$280,386
$280.4K
Cap Rate 9%
$218,078
$218.1K
Market Conditions
NOI Build-Up for 1,423 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
$29.9K $21.00/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$28.0K $19.70/SF
− OpEx
−$8.4K −$5.91/SF
NOI
$19.6K $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 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%
$392,540
Cap Rate 7%
$280,386
Cap Rate 9%
$218,078
Alternative Uses
Best Use
Multifamily LT 5
$280.4K
$245.3K – $327.1K
NOI $19,627 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$250.9K
$219.5K – $292.7K
NOI $17,563 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$399.2K
$349.3K – $465.8K
NOI $27,946 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,244
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 - Two furnished residences support flexible occupancy, guest, workspace, and rental arrangements.
Where is this duplex located?
The property is located at 1466 LAURA ST Clearwater, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Main residence offers approximately 1,423 square feet with 3 bedrooms and 1 bath; Detached furnished cottage adds approximately 600 square feet with 1 bedroom and 1 bath; Both residences include a full kitchen, washer and dryer, and new roof
