Duplex with Updated Major
New
For Sale
$479,000
1807 DOUGLAS AVENUE, Clearwater, FL 33755
Two separate units support rental use or owner occupancy alongside rental income.
Property Size1,202 SF
Price / SF$398.50
Days on Market4
Property Features for 1807 DOUGLAS AVENUE
General Information
Standard status
Active
Size
1,202 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1947
Listing Agency:
DREAMIFY REAL ESTATE LLC
(941) 827-0700
Listed By:
Jessica Peterson · License #3417108
(970) 222-2891
Source:
Endlesssummerrealty
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 2:27PM
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 DREAMIFY REAL ESTATE LLC
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Investment Insights
Based on property information with market context.
This 1,202-square-foot duplex contains two units, with optional furnishings available. Major building systems have been updated, including a roof installed in 2022, HVAC replaced in 2023, and a water heater added in 2024. The property was built in 1947.
The property is at 1807 Douglas Avenue in Clearwater, Florida. Clearwater’s Gulf Coast beaches, restaurants, shops, and entertainment are within reach.
The property is at 1807 Douglas Avenue in Clearwater, Florida. Clearwater’s Gulf Coast beaches, restaurants, shops, and entertainment are within reach.
Key Highlights
- Two‑unit duplex totaling 1,202 square feet
- Roof replaced in 2022
- HVAC updated in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,579
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,580
$331.6K
Cap Rate 7%
$236,843
$236.8K
Cap Rate 9%
$184,211
$184.2K
Market Conditions
NOI Build-Up for 1,202 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$23.7K $19.70/SF
− OpEx
−$7.1K −$5.91/SF
NOI
$16.6K $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 Rate 5%
$331,580
Cap Rate 7%
$236,843
Cap Rate 9%
$184,211
Alternative Uses
Best Use
Multifamily LT 5
$236.8K
$207.2K – $276.3K
NOI $16,579 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$211.9K
$185.4K – $247.3K
NOI $14,835 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$337.2K
$295.1K – $393.4K
NOI $23,606 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate units support rental use or owner occupancy alongside rental income.
Where is this duplex located?
The property is located at 1807 DOUGLAS AVENUE Clearwater, FL.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,202 square feet; Roof replaced in 2022; HVAC updated in 2023
