Duplex With Fenced
For Sale
$599,900
420 Maple WAY, Safety Harbor, FL 34695
Two-unit property with separately metered utilities, resident-paid services, and dedicated parking for each residence.
Property Size1,844 SF
Price / SF$325.33
Days on Market51
Property Features for 420 Maple WAY
General Information
Standard status
Active
Size
1,844 SF
Property subtype
Multi-Family
Units
Multifamily Units
2
Parking per Unit
2
Additional Details
Utilities to Site
Yes
Amenities
fenced yard
Building Details
Year Built
1970
Buildings
1
Listing Agency:
Dalton Wade Inc
(888) 668-8283
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 8
Changed: Oct 27
Last Checked: Oct 26 at 3:18PM
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 Dalton Wade Inc
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Investment Insights
Based on property information with market context.
This 1,844-square-foot duplex was built in 1970 and offers two separate residences with tile flooring throughout. Each unit has its own utilities, and occupants are responsible for utility costs. The property also includes a fenced yard and parking for two vehicles per unit.
The rear residence has been updated and is occupied under a month-to-month tenancy. The duplex is located in Safety Harbor near newer residential construction and within walking distance of the town area.
The rear residence has been updated and is occupied under a month-to-month tenancy. The duplex is located in Safety Harbor near newer residential construction and within walking distance of the town area.
Key Highlights
- 1,844‑square‑foot duplex built in 1970
- Separate utilities for each unit; tenants pay all utilities
- Parking for two cars per unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,524
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
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
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 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 3.59%
Second Best
Apartment 5plus
$242.3K
$212.0K – $282.7K
NOI $16,959 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separately metered utilities, resident-paid services, and dedicated 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 $599,900.
What are key features of this property?
This property features: 1,844‑square‑foot duplex built in 1970; Separate utilities for each unit; tenants pay all utilities; Parking for two cars per unit
