Two-Unit Duplex with Metal
New
For Sale
$550,000
610 WOODLAWN Street, Clearwater, FL 33756
Residential Income, CLEARWATER, FL
Property Size1,390 SF
Lot Size0.16 Acres
Price / SF$395.68
Days on Market1
Property Features for 610 WOODLAWN Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
0820/08
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Window features
Insulated Windows
Pets allowed
Yes
Interior features
Open Floorplan
Exterior features
Storage
Appliances
Convection Oven, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
BELLEAIR HIGHLANDS
View
City
Directions
Head south/north on S. M.L.K. Jr. Ave. toward Cleveland St. Turn right onto Woodlawn St.
Standard status
Active
APN
21 29 15 06948 004 0350
Size
1,390 SF
Lot size
0.16 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
BELLEAIR HIGHLANDS BLK D, LOTS 35 AND 36
Tax Annual Amount
5031
Legal Description
BELLEAIR HIGHLANDS BLK D, LOTS 35 AND 36
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1994
Floors in Building
1
Flooring type
Laminate
Building materials
Stucco, Frame
Roof type
Metal
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY- PALM HARBOR
(727) 772-0772
Listed By:
Eric Szemple
(443) 375-8662
Added: Oct 31
Last Checked: Oct 31 at 5:06PM
MLS# TB8563181
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.
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Investment Insights
Based on property information with market context.
This Clearwater duplex contains 1,390 square feet across two residences on a 0.16-acre lot. The front unit has one bedroom and one bathroom; the rear unit has two bedrooms and one bathroom. A metal roof was installed in 2022. Interior features include an open floorplan, laminate flooring, central heating and air conditioning, and storage. Public water and sewer serve the property.
The front lease runs through August 2027, and the rear lease runs through November 2027. The property was built in 1994.
The front lease runs through August 2027, and the rear lease runs through November 2027. The property was built in 1994.
Key Highlights
- Two residences: front unit has 1 bedroom and 1 bathroom; rear unit has 2 bedrooms and 1 bathroom
- 1,390 square feet on a 0.16‑acre lot
- Metal roof installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,172
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,440
$383.4K
Cap Rate 7%
$273,886
$273.9K
Cap Rate 9%
$213,022
$213.0K
Market Conditions
NOI Build-Up for 1,390 SF
Gross rent
$29.2K $21.00/SF
− Vacancy
−$1.8K −$1.30/SF
EGI
$27.4K $19.70/SF
− OpEx
−$8.2K −$5.91/SF
NOI
$19.2K $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%
$383,440
Cap Rate 7%
$273,886
Cap Rate 9%
$213,022
Alternative Uses
Best Use
Multifamily LT 5
$273.9K
$239.7K – $319.5K
NOI $19,172 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$245.1K
$214.4K – $285.9K
NOI $17,155 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$390.0K
$341.2K – $455.0K
NOI $27,298 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom residences are leased through 2027.
Where is this duplex located?
The property is located at 610 WOODLAWN Street Clearwater, FL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two residences: front unit has 1 bedroom and 1 bathroom; rear unit has 2 bedrooms and 1 bathroom; 1,390 square feet on a 0.16‑acre lot; Metal roof installed in 2022
