Tile-Floored
New
For Sale
$650,000
420 MAPLE Way, Safety Harbor, FL 34695
Residential Income, SAFETY HARBOR, FL
Property Size1,844 SF
Lot Size0.15 Acres
Price / SF$352.49
Days on Market2
Property Features for 420 MAPLE Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 1
Parking features
Guest, Off Street
Interior features
Primary Bedroom Main Floor
Exterior features
Lighting, Private Entrance, Sidewalk
Subdivision
YOUNGBLOODS J J ADD
Lot features
Level, Street Dead- End
Directions
Mcmullen Booth Road to Dr Martin Luther King Drive Eastbound, turn left on Mapleway Northbound, Duplex is on the right.
Standard status
Active
APN
04-29-16-99630-002-0110
Size
1,844 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
YOUNGBLOOD'S, J.J. ADD BLK 2, LOT 11
Tax Annual Amount
4176
Legal Description
YOUNGBLOOD'S, J.J. ADD BLK 2, LOT 11
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile - Ceramic
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
ALIGN RIGHT REALTY LLC
(727) 264-6800
Listed By:
Jacqueline Hammond, PLLC · License #3462440
(727) 645-3029
Added: Sep 6
Changed: Sep 7
Last Checked: Sep 7 at 8:06AM
MLS# TB8546245
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 1,844-square-foot duplex, built in 1970, includes two residential units with separate utilities. Ceramic tile flooring runs throughout, and each residence has its own entrance, central heating, and central air. The property also includes a fenced yard, exterior lighting, sidewalks, public water, and public sewer. Each unit has parking for two cars, along with guest and off-street parking features.
The rear unit has been updated and is occupied under a month-to-month tenancy. Located at 420 Maple Way in Safety Harbor, the property is within walking distance of town and sits in a neighborhood with newer homes. The 0.15-acre parcel is constructed with block and stucco and has a shingle roof.
The rear unit has been updated and is occupied under a month-to-month tenancy. Located at 420 Maple Way in Safety Harbor, the property is within walking distance of town and sits in a neighborhood with newer homes. The 0.15-acre parcel is constructed with block and stucco and has a shingle roof.
Key Highlights
- 1,844‑square‑foot duplex on a 0.15‑acre parcel
- Separate utility service for each unit; tenants pay their own utilities
- Rear unit updated and occupied on a month‑to‑month tenancy
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
$21,524
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
3.31%
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%
$430,480
$430.5K
Cap Rate 7%
$307,486
$307.5K
Cap Rate 9%
$239,156
$239.2K
Market Conditions
NOI Build-Up for 1,844 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
$33.0K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.7K $16.67/SF
− OpEx
−$9.2K −$5.00/SF
NOI
$21.5K $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 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%
$430,480
Cap Rate 7%
$307,486
Cap Rate 9%
$239,156
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.1K – $358.7K
NOI $21,524 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,959 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
Explore this area
Business Placement
Demographics for 34695, FL
17,927
Population
8,025
Households
2.2
Avg Household Size
52
Median Age
46%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
3,201
Density / Sq Mi
$96,138
Median Household Income
$53,436
Median Earnings
$1,680
Median Rent
$418,200
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-unit property with separate utilities, fenced outdoor space, and off-street parking for each residence.
Where is this duplex located?
The property is located at 420 MAPLE Way Safety Harbor, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1,844‑square‑foot duplex on a 0.15‑acre parcel; Separate utility service for each unit; tenants pay their own utilities; Rear unit updated and occupied on a month‑to‑month tenancy
