Updated Duplex with Separate
New
For Sale
$449,995
522 FLORIDA Avenue, Clearwater, FL 33756
Residential Income, CLEARWATER, FL
Property Size1,663 SF
Lot Size0.13 Acres
Price / SF$270.59
Days on Market7
Property Features for 522 FLORIDA Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Window Treatments
Exterior features
Sidewalk
Appliances
Built-In Oven, Cooktop, Electric Water Heater, Range, Refrigerator
Subdivision
SUBURB BEAUTIFUL
Lot features
Cul-De-Sac, Sidewalk, Street Dead- End, Paved
Elementary school
Plumb Elementary-PN
Middle school
Oak Grove Middle-PN
High school
Clearwater High-PN
Directions
West on Gulf to Bay to South on Keene. Turn right on Druid and a quick right on Florida Av. The property is at the end of the street on the left.
Standard status
Active
APN
14-29-15-85950-002-0110
Size
1,663 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SUBURB BEAUTIFUL BLK B, LOT 11
Tax Annual Amount
2907
Legal Description
SUBURB BEAUTIFUL BLK B, LOT 11
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1957
Flooring type
Tile - Ceramic
Building materials
Block
Roof type
Shingle
Listing Agency:
HOMECOIN.COM
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 31 at 4:06AM
MLS# TB8541483
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 1,663-square-foot duplex, built in 1957, includes updated kitchens and bathrooms with stone countertops, modern cabinetry, and contemporary finishes. Ceramic tile runs throughout the units, while one residence provides a one-bedroom, one-bath layout plus an enclosed bonus room suited to office, dining, hobby, or storage use. Kitchens include modern appliances and full pantries, and the property has a recently installed electric water heater, newer breaker boxes, ceiling fans, and solid-surface or stone counters.
The 0.13-acre property is located on Florida Avenue in Clearwater, within Pinellas County and near Clearwater’s beaches. Month-to-month leases provide flexible occupancy arrangements, while separate water and power meters allow tenants to pay those utilities directly. The building also features block construction, a shingle roof, public water, public sewer, ceramic tile flooring, and sidewalk access.
The 0.13-acre property is located on Florida Avenue in Clearwater, within Pinellas County and near Clearwater’s beaches. Month-to-month leases provide flexible occupancy arrangements, while separate water and power meters allow tenants to pay those utilities directly. The building also features block construction, a shingle roof, public water, public sewer, ceramic tile flooring, and sidewalk access.
Key Highlights
- Duplex totaling 1,663 square feet on a 0.13‑acre lot
- Built in 1957 with block construction and a shingle roof
- Updated kitchens and bathrooms with stone counters and modern cabinetry
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
$22,938
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
5.10%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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
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 - Well-maintained duplex with refreshed interiors, month-to-month leases, and tenant-paid water and power.
Where is this duplex located?
The property is located at 522 FLORIDA Avenue 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: Duplex totaling 1,663 square feet on a 0.13‑acre lot; Built in 1957 with block construction and a shingle roof; Updated kitchens and bathrooms with stone counters and modern cabinetry
