Clearwater Beach Duplex
664 MANDALAY AVENUE Clearwater Beach, FL 33767
For Sale
$899,000
Income property one block from Clearwater Beach, perfect for rentals.
Property Size1,888 SF
Price / SF$476.17
Days on Market95
Property Features for 664 MANDALAY AVENUE
General Information
- Standard status
- Active
- Size
- 1,888 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1946
Listing Agency:
SUNSTAR REAL ESTATE LLC
(727) 596-8200
Listed By:
TAYLOR HOLEVAS · License #3455299
Source:
Corcoran
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 23 at 2:35AM
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 SUNSTAR REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This property is a duplex located one block from Clearwater Beach on Mandalay Avenue. The property contains two separate units, one upstairs and one downstairs, each featuring 2 bedrooms and 1 bathroom. Situated in the Tourist District, the property allows for short-term rentals. The property has been taken down to the studs and includes new A/C units, hurricane-impact windows, and drywall. The property is 1888 square feet. Nearby attractions include restaurants, charter fishing, dolphin tours, jet skiing, the Clearwater Marine Aquarium, and the Clearwater Beach Recreation Center with a pool, tennis courts, and fitness facilities. The property is suitable for short-term rentals, multi-family use, or as a personal beach residence with income potential.
Key Highlights
- One block from Clearwater Beach on Mandalay Avenue.
- Duplex configuration with two separate 2‑bedroom, 1‑bathroom units.
- Short‑term rental potential in the Tourist District.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $21.00 |
| − Vacancy | −$2.4k | −$1.30 |
| EGI | $37.2k | $19.70 |
| − OpEx | −$11.2k | −$5.91 |
| NOI | $26.0k | $13.79 |
1,888 SF · lease $21.00/SF/yr · vacancy 6.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$372.0K
$325.5K – $434.0K
NOI $26,041 @ 7.0% cap · market cap 2.90%
Second Best
Apartment 5plus
$332.9K
$291.3K – $388.4K
NOI $23,302 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$529.7K
$463.5K – $618.0K
NOI $37,079 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Income property one block from Clearwater Beach, perfect for rentals.
Where is this duplex located?
The property is located at 664 MANDALAY AVENUE Clearwater Beach, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: One block from Clearwater Beach on Mandalay Avenue.; Duplex configuration with two separate 2‑bedroom, 1‑bathroom units.; Short‑term rental potential in the Tourist District.
