Updated
For Sale
$449,995
522 Florida Ave, Clearwater, FL 33756
Two-unit residential property with refreshed interiors, separate utilities, and flexible month-to-month leasing.
Property Size1,663 SF
Price / SF$270.59
Days on Market53
Property Features for 522 Florida Ave
General Information
Standard status
Active
Size
1,663 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,907
Listing Agency:
Homecoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exprealty
Added: Aug 25
Changed: Oct 15
Last Checked: Oct 16 at 11:52AM
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 Homecoin.com
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Investment Insights
Based on property information with market context.
Built in 1957, this duplex has updated kitchens and bathrooms with stone countertops, contemporary cabinetry, modern appliances, and ceramic tile flooring throughout. One residence includes a one-bedroom, one-bath layout plus an enclosed bonus room that can serve as office, dining, hobby, or storage space. A full pantry adds practical kitchen storage, while a recently installed water heater and newer breaker boxes support the property’s updated systems.
The units are leased on a month-to-month basis, and water and power are separately metered and paid by tenants. The property is located on Florida Avenue in Clearwater, a short drive from Clearwater Beach. The surrounding residential street includes established homes with maintained lawns and a recently built residence.
The units are leased on a month-to-month basis, and water and power are separately metered and paid by tenants. The property is located on Florida Avenue in Clearwater, a short drive from Clearwater Beach. The surrounding residential street includes established homes with maintained lawns and a recently built residence.
Key Highlights
- Updated kitchens and bathrooms with stone countertops and modern cabinetry
- One unit includes a 1‑bedroom, 1‑bath layout plus an enclosed bonus room
- Ceramic tile flooring installed throughout all units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,938
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,760
$458.8K
Cap Rate 7%
$327,686
$327.7K
Cap Rate 9%
$254,867
$254.9K
Market Conditions
NOI Build-Up for 1,663 SF
Gross rent
$34.9K $21.00/SF
− Vacancy
−$2.2K −$1.30/SF
EGI
$32.8K $19.70/SF
− OpEx
−$9.8K −$5.91/SF
NOI
$22.9K $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%
$458,760
Cap Rate 7%
$327,686
Cap Rate 9%
$254,867
Alternative Uses
Best Use
Multifamily LT 5
$327.7K
$286.7K – $382.3K
NOI $22,938 @ 7.0% cap · market cap 5.10%
Second Best
Apartment 5plus
$293.2K
$256.6K – $342.1K
NOI $20,525 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$466.6K
$408.3K – $544.3K
NOI $32,660 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 33756, FL
31,807
Population
15,474
Households
2.1
Avg Household Size
48
Median Age
30%
College-Educated
91%
High-School Grad
7.2 sq mi
ZIP Area
4,418
Density / Sq Mi
$63,990
Median Household Income
$38,563
Median Earnings
$1,382
Median Rent
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with refreshed interiors, separate utilities, and flexible month-to-month leasing.
Where is this duplex located?
The property is located at 522 Florida Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $449,995.
What are key features of this property?
This property features: Updated kitchens and bathrooms with stone countertops and modern cabinetry; One unit includes a 1‑bedroom, 1‑bath layout plus an enclosed bonus room; Ceramic tile flooring installed throughout all units
