Triplex with Two Rear
For Sale
$774,900
306 MARSHALL, Clearwater, FL 33755
A two-dwelling triplex featuring a 3-bedroom, 2-bath front home and two 1-bedroom, 1-bath rear units.
Property Size2,724 SF
Days on Market103
Property Features for 306 MARSHALL
General Information
Standard status
Active
Size
2,724 SF
Property subtype
Investment
Site & Location
Neighborhood
Old Clearwater Bay Neighborhood Association
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$10,895
Building Details
Building Size
2,724 SF
Year Built
1925
Units
3
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA
Listed By:
Neill Boyd · License #3403669
(813) 767-2694
Source:
Elliman
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 30 at 2:56PM
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 KELLER WILLIAMS SOUTH TAMPA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
306 Marshall St offers a versatile triplex layout with a spacious front house and a rear structure containing two additional units. The front home is configured as a 3-bedroom, 2-bath residence, while the rear structure provides two separate 1-bedroom, 1-bath units.
The property is located in Clearwater, with walk, bike, and transit scores reported as 61, 70, and 49, respectively. The location is described as close to downtown Clearwater activities and area attractions.
This setup allows for flexible occupancy or rental use, combining a larger front residence with two smaller units in the back structure.
The property is located in Clearwater, with walk, bike, and transit scores reported as 61, 70, and 49, respectively. The location is described as close to downtown Clearwater activities and area attractions.
This setup allows for flexible occupancy or rental use, combining a larger front residence with two smaller units in the back structure.
Key Highlights
- 1925‑built two‑dwelling triplex with a 3‑bedroom, 2‑bath front home and two 1‑bedroom, 1‑bath rear units
- Flexible setup for multi‑generational living or rental income with three total dwelling units
- BikeScore 70 (very bikeable) and WalkScore 61 (somewhat walkable)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,572
Cap Rate
4.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,440
$751.4K
Cap Rate 7%
$536,743
$536.7K
Cap Rate 9%
$417,467
$417.5K
Market Conditions
NOI Build-Up for 2,724 SF
Gross rent
$57.2K $21.00/SF
− Vacancy
−$3.5K −$1.30/SF
EGI
$53.7K $19.70/SF
− OpEx
−$16.1K −$5.91/SF
NOI
$37.6K $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%
$751,440
Cap Rate 7%
$536,743
Cap Rate 9%
$417,467
Alternative Uses
Best Use
Multifamily LT 5
$536.7K
$469.7K – $626.2K
NOI $37,572 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$480.3K
$420.3K – $560.3K
NOI $33,620 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$764.2K
$668.7K – $891.6K
NOI $53,497 @ 7.0% cap · market cap 6.90%
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
5
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
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
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?
Triplex - A two-dwelling triplex featuring a 3-bedroom, 2-bath front home and two 1-bedroom, 1-bath rear units.
Where is this triplex located?
The property is located at 306 MARSHALL Clearwater, FL.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: 1925‑built two‑dwelling triplex with a 3‑bedroom, 2‑bath front home and two 1‑bedroom, 1‑bath rear units; Flexible setup for multi‑generational living or rental income with three total dwelling units; BikeScore 70 (very bikeable) and WalkScore 61 (somewhat walkable)
