Two-Unit Residential
New
For Sale
$415,000
15717 MORGAN Street, Clearwater, FL 33760
Residential Income, CLEARWATER, FL
Property Size1,664 SF
Lot Size0.26 Acres
Price / SF$249.40
Days on Market3
Property Features for 15717 MORGAN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5, Laundry Room, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 1
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Subdivision
FOUR PINES
Elementary school
High Point Elementary-PN
Middle school
Fitzgerald Middle-PN
High school
Pinellas Park High-PN
Directions
Take exit 31 from I-275 Follow FL-688 W/Ulmerton Rd. Keep right onto Roosevelt Road. Turn right onto Morgan Street. Property is on the left.
Standard status
Active
APN
32-29-16-29250-001-0240
Size
1,664 SF
Lot size
0.26 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
FOUR PINES BLK 1, LOTS 24 & 25
Tax Annual Amount
5981
Legal Description
FOUR PINES BLK 1, LOTS 24 & 25
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1980
Number of units
1
Building materials
Concrete, Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Melissa Brashier · License #3557497
(317) 670-9149
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 8:06PM
MLS# TB8562588
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex contains two residences, each with three bedrooms and one bathroom. One unit is occupied; the other is vacant and has a new HVAC system. The roof was replaced in 2021, and the exterior has been freshly painted. Built in 1980, the property sits on a 0.26-acre lot and has R-4 zoning.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,664 square feet on a 0.26‑acre lot
- One unit occupied; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,952
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,040
$459.0K
Cap Rate 7%
$327,886
$327.9K
Cap Rate 9%
$255,022
$255.0K
Market Conditions
NOI Build-Up for 1,664 SF
Gross rent
$34.9K $21.00/SF
− Vacancy
−$2.2K −$1.30/SF
EGI
$32.8K $19.70/SF
− OpEx
−$9.8K −$5.91/SF
NOI
$23.0K $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 Rate 5%
$459,040
Cap Rate 7%
$327,886
Cap Rate 9%
$255,022
Alternative Uses
Best Use
Multifamily LT 5
$327.9K
$286.9K – $382.5K
NOI $22,952 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$293.4K
$256.7K – $342.3K
NOI $20,537 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$466.8K
$408.5K – $544.7K
NOI $32,679 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is occupied, while the other is vacant and includes a recently installed HVAC system.
Where is this duplex located?
The property is located at 15717 MORGAN Street Clearwater, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,664 square feet on a 0.26‑acre lot; One unit occupied; the other is vacant
