Two-Unit Duplex with Private
New
For Sale
$449,900
542 DIVISION ST, Tarpon Springs, FL 34689
Each residence includes its own laundry area and off-street parking.
Property Size1,729 SF
Days on Market4
Property Features for 542 DIVISION ST
General Information
Standard status
Active
Size
1,729 SF
Property subtype
Duplex
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,158
Amenities
private laundry
off-street parking
Building Details
Building Size
1,729 SF
Year Built
1920
Listing Agency:
FLORIDA PREMIERE REALTY
Listed By:
Artemis Kousathanas · License #699268
(727) 944-3033
Source:
Kingofrealestate
Added: Oct 11
Changed: Oct 13
Last Checked: Oct 12 at 7:26PM
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 FLORIDA PREMIERE REALTY
Investment Insights
Based on property information with market context.
Built in 1920, this 1,729-square-foot duplex contains two residences, each with two bedrooms, one bathroom, private laundry, and off-street parking. The main unit has butcher block kitchen counters and a farmhouse-style sink. Its bathroom has been updated with a walk-in shower, tile, and contemporary fixtures. Luxury vinyl plank flooring extends throughout, and the interior has been repainted. The second residence offers a separate living space within the property.
The property is in Tarpon Springs, outside a flood zone and within walking distance of the Sponge Docks, Spring Bayou, downtown, and the Pinellas Trail.
The property is in Tarpon Springs, outside a flood zone and within walking distance of the Sponge Docks, Spring Bayou, downtown, and the Pinellas Trail.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,729 square feet; built in 1920
- Private laundry and off‑street parking for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,182
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,640
$403.6K
Cap Rate 7%
$288,314
$288.3K
Cap Rate 9%
$224,244
$224.2K
Market Conditions
NOI Build-Up for 1,729 SF
Gross rent
$30.9K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.8K $16.67/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$20.2K $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%
$403,640
Cap Rate 7%
$288,314
Cap Rate 9%
$224,244
Alternative Uses
Best Use
Multifamily LT 5
$288.3K
$252.3K – $336.4K
NOI $20,182 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$227.2K
$198.8K – $265.0K
NOI $15,902 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$449.7K
$393.5K – $524.7K
NOI $31,481 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
Explore this area
Business Placement
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes its own laundry area and off-street parking.
Where is this duplex located?
The property is located at 542 DIVISION ST Tarpon Springs, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,729 square feet; built in 1920; Private laundry and off‑street parking for each unit
