Updated Duplex with Two
3166 DOWNING Street Clearwater, FL 33759
For Sale
$499,900
MULTI_FAMILY - CLEARWATER, FL
Property Size1,996 SF
Lot Size0.20 Acres
Price / SF$250.45
Days on Market298
Property Features for 3166 DOWNING Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 4
- Interior features
- Ceiling Fans(s)
- Exterior features
- Fence, Sidewalk, Sliding Doors
- Fencing
- Fenced
- Standard status
- Active
- APN
- 16-29-16-03429-000-0050
- Size
- 1,996 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- BAYEDGE TERRACE LOT 5
- Tax Annual Amount
- 5561
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1974
- Number of units
- 2
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
(813) 865-0700
Listed By:
William Lolly · License #3328677
(813) 966-7446
Added: Oct 1, 2025
Changed: Jul 23
Last Checked: Jul 25 at 8:06AM
MLS# TB8433450
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This beautifully updated duplex in Clearwater offers two well-appointed 2-bedroom, 1-bath units designed for practical daily living. Both units include gourmet kitchens with stainless steel appliances, quartz countertops, and white shaker cabinets with ample storage, along with laminate flooring in the living areas and fresh paint throughout. Unit A features a standalone shower, while Unit B includes a shower/tub combo, with both bathrooms utilizing quartz countertops. Sliding doors open to the shared fenced backyard, and each unit includes a 1-car garage with laundry hookups inside.
The property is located near St Rd 60, providing convenient access to downtown Clearwater, beaches, shopping, and dining.
With two distinct residential units and shared outdoor space, this duplex is presented as a move-in ready, turnkey option.
The property is located near St Rd 60, providing convenient access to downtown Clearwater, beaches, shopping, and dining.
With two distinct residential units and shared outdoor space, this duplex is presented as a move-in ready, turnkey option.
Key Highlights
- Prime Clearwater location with convenient access to downtown, beaches, shopping, and dining via St Rd 60
- Two updated 2‑bedroom, 1‑bathroom units, ideal for owner‑occupants or investors
- Gourmet kitchens in both units feature stainless steel appliances, quartz countertops, and white shaker cabinets
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.9k | $21.00 |
| − Vacancy | −$2.6k | −$1.30 |
| EGI | $39.3k | $19.70 |
| − OpEx | −$11.8k | −$5.91 |
| NOI | $27.5k | $13.79 |
1,996 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$393.3K
$344.1K – $458.9K
NOI $27,531 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$351.9K
$307.9K – $410.6K
NOI $24,635 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$560.0K
$490.0K – $653.3K
NOI $39,200 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex in Clearwater featuring two 2-bedroom, 1-bath units with fenced shared backyard and 1-car garages.
Where is this duplex located?
The property is located at 3166 DOWNING Street Clearwater, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime Clearwater location with convenient access to downtown, beaches, shopping, and dining via St Rd 60; Two updated 2‑bedroom, 1‑bathroom units, ideal for owner‑occupants or investors; Gourmet kitchens in both units feature stainless steel appliances, quartz countertops, and white shaker cabinets
