Renovated Duplex with Private
For Sale
$425,000
15134 VERONA Avenue, Clearwater, FL 33760
MULTI_FAMILY - CLEARWATER, FL
Property Size1,690 SF
Lot Size0.15 Acres
Price / SF$251.48
Days on Market68
Property Features for 15134 VERONA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bathroom 2, Family Room, Bedroom 4
Interior features
Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
Exterior features
Private Mailbox
Subdivision
HIGH POINT
Directions
Take US-19 to Roosevelt Blvd (FL-686). Go east on Roosevelt Blvd. Turn left (north) onto High Point Drive. Turn right onto 150th Avenue N. Turn left onto Verona Avenue. Continue to 15134 Verona Avenue, which will be on Verona Avenue in the High Point neighborhood.
Standard status
Active
APN
33-29-16-39402-008-0050
Size
1,690 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HIGH POINT BLK 8, LOT 5
Tax Annual Amount
4357
Legal Description
HIGH POINT BLK 8, LOT 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private laundry room
dedicated storage area
Building Details
Year built
1982
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA, LLC
(305) 851-2820
Listed By:
Cristian Pelaez · License #3554156
(301) 642-0756
Added: Jun 4
Changed: Aug 3
Last Checked: Aug 10 at 12:06PM
MLS# TB8515379
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 well-maintained duplex offers updated interiors and notable capital improvements. Unit A is presented as a fully renovated model unit, featuring an updated kitchen, remodeled bathroom, fresh paint, and ceiling fans. Unit B includes a newly renovated bathroom. Each unit also has its own private laundry room and dedicated storage area.
The property is constructed of block and was built in 1982. Additional major updates include a new shingle roof installed in 2021, a new A/C system for Unit B in 2023, and a new A/C system for Unit A in 2025. Heating is central and electric, and cooling is provided by central air. Water is supplied by public service and sewer is public sewer.
Set on a 0.15-acre lot, the duplex is suitable for either an owner-occupant or an investor seeking a two-unit configuration with tenant-friendly in-unit laundry and storage.
The property is constructed of block and was built in 1982. Additional major updates include a new shingle roof installed in 2021, a new A/C system for Unit B in 2023, and a new A/C system for Unit A in 2025. Heating is central and electric, and cooling is provided by central air. Water is supplied by public service and sewer is public sewer.
Set on a 0.15-acre lot, the duplex is suitable for either an owner-occupant or an investor seeking a two-unit configuration with tenant-friendly in-unit laundry and storage.
Key Highlights
- 0.15‑acre lot duplex with block construction
- Unit A fully renovated with updated kitchen and remodeled bathroom
- Each unit has a private laundry room plus dedicated storage
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
$23,310
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
5.48%
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%
$466,200
$466.2K
Cap Rate 7%
$333,000
$333.0K
Cap Rate 9%
$259,000
$259.0K
Market Conditions
NOI Build-Up for 1,690 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
$35.5K $21.00/SF
− Vacancy
−$2.2K −$1.30/SF
EGI
$33.3K $19.70/SF
− OpEx
−$10.0K −$5.91/SF
NOI
$23.3K $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%
$466,200
Cap Rate 7%
$333,000
Cap Rate 9%
$259,000
Alternative Uses
Best Use
Multifamily LT 5
$333.0K
$291.4K – $388.5K
NOI $23,310 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$298.0K
$260.7K – $347.6K
NOI $20,858 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$474.1K
$414.9K – $553.2K
NOI $33,190 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
771
Businesses Nearby
Explore this area
Business Placement
Demographics for 33760, FL
19,565
Population
8,779
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
87%
High-School Grad
5.6 sq mi
ZIP Area
3,494
Density / Sq Mi
$59,489
Median Household Income
$39,509
Median Earnings
$1,446
Median Rent
$245,800
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 - Well-maintained duplex updated through major system replacements, with each unit offering private laundry and dedicated storage.
Where is this duplex located?
The property is located at 15134 VERONA Avenue Clearwater, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 0.15‑acre lot duplex with block construction; Unit A fully renovated with updated kitchen and remodeled bathroom; Each unit has a private laundry room plus dedicated storage
