4-Unit
New
For Sale
$849,990
2065 N BETTY LN, Clearwater, FL 33755
Each residence has a two-bedroom, one-bath layout, and tenants pay separately metered electricity.
Property Size2,094 SF
Price / SF$405.92
Days on Market3
Property Features for 2065 N BETTY LN
General Information
Standard status
Active
Size
2,094 SF
Property subtype
Quadruplex
Occupancy
100%
Site & Location
Neighborhood
Spring Branch Neighborhood & Park Association
Units
Unit Mix
4 x 2/1
Multifamily Units
4
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,943
Building Details
Building Size
2,094 SF
Year Built
1956
Tenancy
Multi
Listing Agency:
DALTON WADE INC
Listed By:
BJ McKitty · License #3222640
(813) 503-0303
Source:
Stationsquarerealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 3:01PM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
This 2,094-square-foot quadplex contains four two-bedroom, one-bath residences. The 1956 property has a one-year-old roof, four tankless water heaters, updated plumbing and electrical systems, and new air-conditioning units. Kitchens and bathrooms feature new cabinetry and granite countertops, with stainless steel appliances. Flooring is ceramic tile and/or laminate or vinyl wood, with no carpet. One unit includes a screened front porch.
The property is one mile from downtown Dunedin and less than one mile from the Gulf of Mexico. Honeymoon Island and Clearwater Beach are described as minutes away. The lot includes space for shared outdoor areas and additional parking; washer and dryer hookups are available in two locations. Electricity is separately metered and paid by tenants, while the owner pays for water.
The property is one mile from downtown Dunedin and less than one mile from the Gulf of Mexico. Honeymoon Island and Clearwater Beach are described as minutes away. The lot includes space for shared outdoor areas and additional parking; washer and dryer hookups are available in two locations. Electricity is separately metered and paid by tenants, while the owner pays for water.
Key Highlights
- Four 2‑bedroom, 1‑bath units totaling 2,094 square feet
- Built in 1956; roof is one year old
- Four tankless water heaters, updated plumbing and electrical, and new AC units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,883
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,660
$577.7K
Cap Rate 7%
$412,614
$412.6K
Cap Rate 9%
$320,922
$320.9K
Market Conditions
NOI Build-Up for 2,094 SF
Gross rent
$44.0K $21.00/SF
− Vacancy
−$2.7K −$1.30/SF
EGI
$41.3K $19.70/SF
− OpEx
−$12.4K −$5.91/SF
NOI
$28.9K $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%
$577,660
Cap Rate 7%
$412,614
Cap Rate 9%
$320,922
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.0K – $481.4K
NOI $28,883 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$369.2K
$323.1K – $430.7K
NOI $25,844 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,124 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
596
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?
Quadplex - Each residence has a two-bedroom, one-bath layout, and tenants pay separately metered electricity.
Where is this quadplex located?
The property is located at 2065 N BETTY LN Clearwater, FL.
What is the asking price?
The asking price for this property is $849,990.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units totaling 2,094 square feet; Built in 1956; roof is one year old; Four tankless water heaters, updated plumbing and electrical, and new AC units
