Updated Two-Unit
For Sale
$475,000
612 S LINCOLN AVE, Clearwater, FL 33756
Both residences have private laundry rooms with additional storage space.
Property Size1,720 SF
Price / SF$276.16
Days on Market195
Property Features for 612 S LINCOLN AVE
General Information
Standard status
Active
Size
1,720 SF
Property subtype
Duplex
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Cap Rate
6.9%
Taxes and HOA fees
Annual Taxes
$5,591
Building Details
Building Size
1,720 SF
Year Built
1963
Buildings
1
Construction
block
Listing Agency:
DALTON WADE INC
Listed By:
Cuc Dinh · License #3369422
(727) 858-3450
Source:
Stationsquarerealty
Added: Apr 4
Changed: Oct 9
Last Checked: Oct 15 at 8:41AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
Built in 1963, this 1,720-square-foot block duplex contains two residences: one with two bedrooms and one bathroom, and another with three bedrooms and one bathroom. Interior updates include tile flooring, replacement kitchen and bath cabinetry, stone countertops, and stainless steel appliances. Each unit has its own laundry room with room for storage.
The property is primarily within Flood Zone X, while a small corner falls in Flood Zone AE.
The property is primarily within Flood Zone X, while a small corner falls in Flood Zone AE.
Key Highlights
- Two‑unit duplex with 2‑bedroom/1‑bath and 3‑bedroom/1‑bath residences
- 1,720 square feet in a block structure built in 1963
- Updated kitchens and bathrooms with stone countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,724
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$474,480
$474.5K
Cap Rate 7%
$338,914
$338.9K
Cap Rate 9%
$263,600
$263.6K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$36.1K $21.00/SF
− Vacancy
−$2.2K −$1.30/SF
EGI
$33.9K $19.70/SF
− OpEx
−$10.2K −$5.91/SF
NOI
$23.7K $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%
$474,480
Cap Rate 7%
$338,914
Cap Rate 9%
$263,600
Alternative Uses
Best Use
Multifamily LT 5
$338.9K
$296.6K – $395.4K
NOI $23,724 @ 7.0% cap · market cap 4.99%
Second Best
Apartment 5plus
$303.3K
$265.4K – $353.8K
NOI $21,228 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$482.6K
$422.2K – $563.0K
NOI $33,779 @ 7.0% cap · market cap 7.11%
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
2,663
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
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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 - Both residences have private laundry rooms with additional storage space.
Where is this duplex located?
The property is located at 612 S LINCOLN AVE Clearwater, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 2‑bedroom/1‑bath and 3‑bedroom/1‑bath residences; 1,720 square feet in a block structure built in 1963; Updated kitchens and bathrooms with stone countertops and stainless steel appliances
