Duplex with Shared Screened
For Sale
$1,395,000
Pending
304 67TH STREET A, Holmes Beach, FL 34217
Two separate units include attached garages and access to a shared pool near the beach.
Property Size3,676 SF
Days on Market561
Property Features for 304 67TH STREET A
General Information
Standard status
Pending
Size
3,676 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/3BA, 1 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$12,189
Amenities
pool
deck
Building Details
Year Built
1977
Listing Agency:
IVP OF FLORIDA INC
(941) 809-5565
Listed By:
Mel Neely, PA · License #3021282
(941) 809-5565
Source:
Exitrealty
Added: Feb 16, 2025
Changed: Aug 29
Last Checked: Aug 30 at 4:06PM
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 IVP OF FLORIDA INC
Investment Insights
Based on property information with market context.
This duplex contains two residential units with a combined 4 bedrooms and 5 bathrooms across 3,676 SF. Unit A offers 2 bedrooms and 3 bathrooms, along with a bonus room, service bar, eating area, small office, living space, kitchen, dining room, open deck, and access to the pool. Unit B includes 2 bedrooms and 2 bathrooms and has previously been tenant-occupied.
The units share a large screened pool and each has an individual attached single-car garage. Driveway parking provides additional vehicle space, while the property is located 2.5 blocks from the beach in Holmes Beach. Built in 1977, the duplex can remain configured as-is or be redesigned for individual needs. The property information also identifies 7-day rental possibilities.
The units share a large screened pool and each has an individual attached single-car garage. Driveway parking provides additional vehicle space, while the property is located 2.5 blocks from the beach in Holmes Beach. Built in 1977, the duplex can remain configured as-is or be redesigned for individual needs. The property information also identifies 7-day rental possibilities.
Key Highlights
- Two‑unit duplex with 4 bedrooms and 5 bathrooms
- 3,676 SF property built in 1977
- Large shared screened pool with no HOA fees
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
$48,290
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
3.46%
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%
$965,800
$965.8K
Cap Rate 7%
$689,857
$689.9K
Cap Rate 9%
$536,556
$536.6K
Market Conditions
NOI Build-Up for 3,676 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
$72.8K $19.80/SF
− Vacancy
−$3.8K −$1.03/SF
EGI
$69.0K $18.77/SF
− OpEx
−$20.7K −$5.63/SF
NOI
$48.3K $13.14/SF
Area
Manatee County, FL
Vacancy
5.22%
Lease Rate
$19.80 /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%
$965,800
Cap Rate 7%
$689,857
Cap Rate 9%
$536,556
Alternative Uses
Best Use
Multifamily LT 5
$689.9K
$603.6K – $804.8K
NOI $48,290 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$635.4K
$556.0K – $741.3K
NOI $44,479 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.08M
$945.9K – $1.26M
NOI $75,670 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 34217, FL
3,825
Population
5,940
Households
0.6
Avg Household Size
65
Median Age
61%
College-Educated
98%
High-School Grad
2.1 sq mi
ZIP Area
1,821
Density / Sq Mi
$90,278
Median Household Income
$44,044
Median Earnings
$1,657
Median Rent
$636,300
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 - Two separate units include attached garages and access to a shared pool near the beach.
Where is this duplex located?
The property is located at 304 67TH STREET A Holmes Beach, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Two‑unit duplex with 4 bedrooms and 5 bathrooms; 3,676 SF property built in 1977; Large shared screened pool with no HOA fees
