Two-Unit Duplex
For Sale
$325,000
1636 S JEFFERSON AVENUE, Clearwater, FL 33756
Two separate residences offer a practical layout for renovation and future rental use.
Property Size1,841 SF
Price / SF$176.53
Days on Market49
Property Features for 1636 S JEFFERSON AVENUE
General Information
Standard status
Active
Size
1,841 SF
Property subtype
Duplex
Building Details
Year Built
1955
Listing Agency:
RE/MAX REALTEC GROUP INC
(727) 789-5555
Listed By:
Dean Ribble · License #617133
(727) 334-2496
Source:
Endlesssummerrealty
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 9:37AM
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 RE/MAX REALTEC GROUP INC
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Investment Insights
Based on property information with market context.
Built in 1955, this duplex contains two separate residences, each with two bedrooms and one bathroom, for a total of 1,841 square feet. The property is positioned for renovation, with washer and dryer appliances excluded from the sale. Flood Zone X, no HOA, and no CDD are additional property considerations.
The home is located in Clearwater’s Monterey Heights neighborhood near shopping, restaurants, parks, recreation centers, schools, and medical facilities. Clearwater Beach is approximately 5 miles away, while Downtown St. Pete and Downtown Tampa are about 30 and 35 minutes away, respectively. The location also provides access throughout the Tampa Bay area.
The home is located in Clearwater’s Monterey Heights neighborhood near shopping, restaurants, parks, recreation centers, schools, and medical facilities. Clearwater Beach is approximately 5 miles away, while Downtown St. Pete and Downtown Tampa are about 30 and 35 minutes away, respectively. The location also provides access throughout the Tampa Bay area.
Key Highlights
- Two separate units, each with 2 bedrooms and 1 bath
- 1,841‑square‑foot duplex built in 1955
- Flood Zone X designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,393
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,860
$507.9K
Cap Rate 7%
$362,757
$362.8K
Cap Rate 9%
$282,144
$282.1K
Market Conditions
NOI Build-Up for 1,841 SF
Gross rent
$38.7K $21.00/SF
− Vacancy
−$2.4K −$1.30/SF
EGI
$36.3K $19.70/SF
− OpEx
−$10.9K −$5.91/SF
NOI
$25.4K $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%
$507,860
Cap Rate 7%
$362,757
Cap Rate 9%
$282,144
Alternative Uses
Best Use
Multifamily LT 5
$362.8K
$317.4K – $423.2K
NOI $25,393 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$324.6K
$284.0K – $378.7K
NOI $22,722 @ 7.0% cap · market cap 6.99%
Theoretical Best
Office A
$516.5K
$452.0K – $602.6K
NOI $36,156 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer a practical layout for renovation and future rental use.
Where is this duplex located?
The property is located at 1636 S JEFFERSON AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two separate units, each with 2 bedrooms and 1 bath; 1,841‑square‑foot duplex built in 1955; Flood Zone X designation
