Updated Duplex with Screened
533 YELVINGTON AVE, Clearwater, FL 33756
For Sale
$425,000
One unit is vacant and refreshed, while the second is leased to tenants.
Property Size1,624 SF
Price / SF$261.70
Days on Market127
Property Features for 533 YELVINGTON AVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
vaulted ceilings
screened porches
fenced backyard
updated kitchen
updated bath
Building Details
Building Size
Year Built
Listing Agency:
TREASURED HOME COLLECTION
Listed By:
Becky Wills
(727) 210-3282
Source:
Burwellrealestate
Added: Jul 6
Changed: Nov 7
Last Checked: Nov 8 at 2:50PM
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 TREASURED HOME COLLECTION
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,624-square-foot duplex, built in 1961, contains a one-bedroom unit and a two-bedroom unit. The vacant one-bedroom residence has an updated kitchen with new appliances, quartz counters, a backsplash, refreshed cabinetry and lighting, plus a renovated bathroom and fresh paint. Both units have vaulted ceilings and screened porches; fenced outdoor areas include a bamboo privacy hedge between the units.
The two-bedroom unit is occupied under an existing lease. Recent property improvements include a roof installed in 2022 with tie-down straps, along with hurricane-impact windows and door coverings added in 2023. The property is in Clearwater, with beaches, dining, shopping, entertainment and outdoor recreation among the area amenities noted in the listing.
The two-bedroom unit is occupied under an existing lease. Recent property improvements include a roof installed in 2022 with tie-down straps, along with hurricane-impact windows and door coverings added in 2023. The property is in Clearwater, with beaches, dining, shopping, entertainment and outdoor recreation among the area amenities noted in the listing.
Key Highlights
- Two units: one bedroom and two bedrooms; total building area is 1,624 square feet
- Vacant one‑bedroom unit features refreshed kitchen and bath finishes, new appliances, quartz countertops and fresh paint
- Two‑bedroom unit is occupied by tenants under an existing lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,400
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$448,000
$448.0K
Cap Rate 7%
$320,000
$320.0K
Cap Rate 9%
$248,889
$248.9K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$34.1K $21.00/SF
− Vacancy
−$2.1K −$1.30/SF
EGI
$32.0K $19.70/SF
− OpEx
−$9.6K −$5.91/SF
NOI
$22.4K $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%
$448,000
Cap Rate 7%
$320,000
Cap Rate 9%
$248,889
Alternative Uses
Best Use
Multifamily LT 5
$320.0K
$280.0K – $373.3K
NOI $22,400 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$286.3K
$250.5K – $334.1K
NOI $20,043 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,042
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
$335,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Clearwater, FL
Properties on Market for Duplexes in Clearwater
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One unit is vacant and refreshed, while the second is leased to tenants.
Where is this duplex located?
The property is located at 533 YELVINGTON AVE Clearwater, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units: one bedroom and two bedrooms; total building area is 1,624 square feet; Vacant one‑bedroom unit features refreshed kitchen and bath finishes, new appliances, quartz countertops and fresh paint; Two‑bedroom unit is occupied by tenants under an existing lease
