Furnished Duplex with Detached Guest
For Sale
$499,000
1466 LAURA Street, Clearwater, FL 33755
Residential Income, CLEARWATER, FL
Property Size1,423 SF
Lot Size0.14 Acres
Price / SF$350.67
Days on Market99
Property Features for 1466 LAURA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
Ceiling Fans(s), Open Floorplan
Exterior features
Private Yard, Sidewalk
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
HIGHLAND GROVES
Elementary school
Skycrest Elementary-PN
Middle school
Oak Grove Middle-PN
High school
Clearwater High-PN
Directions
From St. Pete-Clearwater International Airport (PIE), exit the airport and head north on Roosevelt Blvd (FL-686 W). Merge onto US-19 North toward Clearwater. Continue north and take the Drew Street exit. Turn left onto Drew Street and proceed west. Turn right onto Highland Avenue, then left onto Laura Street. Continue to 1466 Laura St, Clearwater, FL 33755, which will be on your left.
Standard status
Active
APN
14-29-15-38736-002-0330
Size
1,423 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HIGHLAND GROVES BLK B, LOTS 33 AND 34
Tax Annual Amount
5180
Legal Description
HIGHLAND GROVES BLK B, LOTS 33 AND 34
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private yards
Building Details
Year built
1926
Floors in Building
1
Flooring type
Hardwood
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA LLC
(727) 380-2067
Listed By:
Kim Meredith-Hampton · License #601196
(407) 448-6679
Added: Jun 1
Changed: Sep 5
Last Checked: Sep 7 at 2:06PM
MLS# TB8514528
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Clearwater duplex includes a front residence and a detached guest house, creating two separate living spaces within one property. The combined property size is 1,423 square feet on a 0.14-acre lot, with each dwelling offering a private yard. Both houses are furnished, and the front home is described as updated. Interior features include an open floorplan, hardwood flooring, and ceiling fans, while central heating and central air provide climate control.
The property is located at 1466 Laura Street in Clearwater, within Pinellas County. Public water and public sewer serve the site, which also includes sidewalk access. The buildings have vinyl siding and shingle roofs. Appliances include ranges, refrigerators, washers, and dryers, supporting immediate residential use across the two structures.
The property is located at 1466 Laura Street in Clearwater, within Pinellas County. Public water and public sewer serve the site, which also includes sidewalk access. The buildings have vinyl siding and shingle roofs. Appliances include ranges, refrigerators, washers, and dryers, supporting immediate residential use across the two structures.
Key Highlights
- Duplex with front residence and detached guest house
- 1,423 square feet of combined property size on a 0.14‑acre lot
- Both houses are furnished and include private yards
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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,449
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 separate furnished dwellings offer flexible living, guest, office, or rental arrangements in Clearwater.
Where is this duplex located?
The property is located at 1466 LAURA Street 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: Duplex with front residence and detached guest house; 1,423 square feet of combined property size on a 0.14‑acre lot; Both houses are furnished and include private yards
