Duplex with Updated
321-323 CRYSTAL BEACH Avenue, Crystal Beach, FL 34681
For Sale
New
$389,000
Residential Income, CRYSTAL BEACH, FL
Property Size1,674 SF
Lot Size0.16 Acres
Price / SF$232.38
Days on Market5
Property Features for 321-323 CRYSTAL BEACH Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
F I GREY & SON RESIDENTIAL · Coldwell Banker Real Estate
(727) 495-2424
Listed By:
Mike O'Brien · License #3499725
(727) 494-9995
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 9 at 10:06AM
MLS# W7890963
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.
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Investment Insights
Based on property information with market context.
This 1,674-square-foot duplex contains two matching residences, each with 2 bedrooms and 1 bathroom. Updates include plumbing and central air-conditioning systems on both sides. The interiors have vinyl plank and tile flooring, modernized kitchens with updated appliances, and combined living and dining areas. A fenced backyard, driveway parking, and separate front entrances serve the property. Public water and sewer are available, and zoning is R-4.
The property is in Crystal Beach, near the 45-mile Pinellas Trail. Fred Howard Park and Honeymoon Island State Park are described as a 10-to-15-minute drive away. The building was constructed in 1972 and occupies a 0.16-acre lot.
The property is in Crystal Beach, near the 45-mile Pinellas Trail. Fred Howard Park and Honeymoon Island State Park are described as a 10-to-15-minute drive away. The building was constructed in 1972 and occupies a 0.16-acre lot.
Key Highlights
- Two 2‑bedroom, 1‑bathroom residences; both are occupied
- 1,674 square feet on a 0.16‑acre lot
- Plumbing and central air‑conditioning systems updated on both sides
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,540
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,800
$390.8K
Cap Rate 7%
$279,143
$279.1K
Cap Rate 9%
$217,111
$217.1K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$29.9K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.9K $16.67/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$19.5K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,800
Cap Rate 7%
$279,143
Cap Rate 9%
$217,111
Alternative Uses
Best Use
Multifamily LT 5
$279.1K
$244.3K – $325.7K
NOI $19,540 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$259.5K
$227.1K – $302.8K
NOI $18,167 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$435.4K
$381.0K – $508.0K
NOI $30,479 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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Business Placement
Demographics for 34681, FL
1,884
Population
615
Households
3.1
Avg Household Size
53
Median Age
50%
College-Educated
94%
High-School Grad
0.7 sq mi
ZIP Area
2,691
Density / Sq Mi
$77,106
Median Earnings
$680,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pinellas County, FL
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with central air-conditioning serving each side.
Where is this duplex located?
The property is located at 321-323 CRYSTAL BEACH Avenue Crystal Beach, FL.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom residences; both are occupied; 1,674 square feet on a 0.16‑acre lot; Plumbing and central air‑conditioning systems updated on both sides
