Income Duplex with Separate
1508 ARIES LANE Clearwater, FL 33755
1508 ARIES LANE, Clearwater, FL, 33755
$525,000
Pending
For Sale
$525,000
Pending
Duplex - CLEARWATER, FL
Property Size2,368 SF
Lot Size0.19 Acres
Days on Market35
Property Features for 1508 ARIES LANE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking features
- Driveway, Garage, Garage - Attached
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Thermostat, Window Treatments
- Exterior features
- Awning(s)
- Standard status
- Pending
- APN
- 11-29-15-82630-000-0070
- Size
- 2,368 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5990.06
Utilities
- Heating system
- Central, Electric (Heating), Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1972
- Number of units
- 2
- Building materials
- Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
CAPSTONE REALTY & ASSOCIATES
(727) 301-7855
1433 Gulf to Bay Blvd, Suite E, Clearwater, FL
Listed by
Joanne Pucci · License #3221041
(727) 657-7692
Added: Jun 12 Checked: Jul 16 at 6:06 pm
MLS# TB8515023
Listing URL
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 income duplex offers two separate residential units, each providing two bedrooms and two bathrooms. Each unit is equipped with a private washer and dryer located in the garage area, supporting day-to-day convenience and straightforward maintenance. The property also includes separate water and electric meters, which can simplify expense management for an owner. Unit 1508 is currently vacant and includes the attached garage. Unit 1510 is tenant-occupied and features a detached garage.
The duplex is situated on a quiet cul-de-sac and is described as being in a non-flood zone. The property is located in Clearwater, Pinellas County, FL, with convenient access to shopping, dining, parks, and major commuting routes.
For investors or owner-occupants seeking a manageable rental setup, the unit mix allows for one unit already producing rental income while the other remains ready for new tenancy. The duplex’s separate utilities and garage-based laundry configuration may help support consistent operations across both units. This is offered for sale with the seller accepting backup offers.
The duplex is situated on a quiet cul-de-sac and is described as being in a non-flood zone. The property is located in Clearwater, Pinellas County, FL, with convenient access to shopping, dining, parks, and major commuting routes.
For investors or owner-occupants seeking a manageable rental setup, the unit mix allows for one unit already producing rental income while the other remains ready for new tenancy. The duplex’s separate utilities and garage-based laundry configuration may help support consistent operations across both units. This is offered for sale with the seller accepting backup offers.
Key Highlights
- Income‑producing duplex in Clearwater with two 2‑bedroom, 2‑bath units and 1‑car garage for each unit
- Separate water and electric meters to help manage/utilities by unit
- Unit 1508 is vacant and includes the attached garage; Unit 1510 is tenant‑occupied with a detached garage
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 | $49.7k | $21.00 |
| − Vacancy | −$3.1k | −$1.30 |
| EGI | $46.7k | $19.70 |
| − OpEx | −$14.0k | −$5.91 |
| NOI | $32.7k | $13.79 |
2,368 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$466.6K
$408.3K – $544.4K
NOI $32,662 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$417.5K
$365.3K – $487.1K
NOI $29,226 @ 7.0% cap · market cap 5.57%
Theoretical Best
Office A
$664.4K
$581.3K – $775.1K
NOI $46,505 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Two 2BR/2BA units with separate electric and water meters, including detached and attached garage configurations.
Where is this duplex located?
The property is located at 1508 ARIES LANE Clearwater, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Income‑producing duplex in Clearwater with two 2‑bedroom, 2‑bath units and 1‑car garage for each unit; Separate water and electric meters to help manage/utilities by unit; Unit 1508 is vacant and includes the attached garage; Unit 1510 is tenant‑occupied with a detached garage
