Residential Income Triplex
For Sale
$649,000
912 DRUID E, Clearwater, FL 33756
Three separate residences offer flexible living arrangements with recent roof replacement and updated A/C systems.
Property Size2,568 SF
Days on Market105
Property Features for 912 DRUID E
General Information
Standard status
Active
Size
2,568 SF
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,808
Building Details
Building Size
2,568 SF
Year Built
1954
Tenancy
Multi
Listing Agency:
High Point Realty Inc
Listed By:
David Kerr · License #BK3235605
(727) 804-2116
Source:
Elliman
Added: Jul 4
Changed: Oct 11
Last Checked: Oct 16 at 9:46AM
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 High Point Realty Inc
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Investment Insights
Based on property information with market context.
This triplex property is configured with a 3BR/2BA main home and a separate two-story building containing two additional rental units. The main home includes a spacious living area, a breakfast bar, a laundry room, and a private fenced backyard. The detached building provides a 2BR/1BA apartment upstairs and a large studio apartment downstairs, with its own kitchen, bath, and laundry.
Recent improvements include a 2022 roof on the detached building and newer A/C systems for both buildings. The 3BR/2BA main home is currently leased with the lease ending soon, creating flexibility for an owner-occupant plan or continued rental income. The property is located just minutes from downtown Clearwater and approximately 10 minutes from Clearwater Beach.
Designed for buyers seeking versatile occupancy, this layout supports multiple use scenarios, including living in one unit while renting the others, or maximizing rental income across all three residences. Each unit’s kitchen and laundry access within the separate structures can support tenant convenience and operational practicality.
Recent improvements include a 2022 roof on the detached building and newer A/C systems for both buildings. The 3BR/2BA main home is currently leased with the lease ending soon, creating flexibility for an owner-occupant plan or continued rental income. The property is located just minutes from downtown Clearwater and approximately 10 minutes from Clearwater Beach.
Designed for buyers seeking versatile occupancy, this layout supports multiple use scenarios, including living in one unit while renting the others, or maximizing rental income across all three residences. Each unit’s kitchen and laundry access within the separate structures can support tenant convenience and operational practicality.
Key Highlights
- 1954‑built property with 3 separate residences: 3BR/2BA main home plus a 2BR/1BA unit and a separate studio unit
- Two‑story detached building offers 2BR/1BA apartment upstairs and a large studio downstairs, each with its own kitchen, bath, and laundry
- Recent updates include a 2022 roof on the detached building and newer A/C systems for both the main home and detached building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,420
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,400
$708.4K
Cap Rate 7%
$506,000
$506.0K
Cap Rate 9%
$393,556
$393.6K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$53.9K $21.00/SF
− Vacancy
−$3.3K −$1.30/SF
EGI
$50.6K $19.70/SF
− OpEx
−$15.2K −$5.91/SF
NOI
$35.4K $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%
$708,400
Cap Rate 7%
$506,000
Cap Rate 9%
$393,556
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.8K – $590.3K
NOI $35,420 @ 7.0% cap · market cap 5.46%
Second Best
Apartment 5plus
$452.8K
$396.2K – $528.2K
NOI $31,694 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$720.5K
$630.4K – $840.6K
NOI $50,433 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,798
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?
Triplex - Three separate residences offer flexible living arrangements with recent roof replacement and updated A/C systems.
Where is this triplex located?
The property is located at 912 DRUID E Clearwater, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 1954‑built property with 3 separate residences: 3BR/2BA main home plus a 2BR/1BA unit and a separate studio unit; Two‑story detached building offers 2BR/1BA apartment upstairs and a large studio downstairs, each with its own kitchen, bath, and laundry; Recent updates include a 2022 roof on the detached building and newer A/C systems for both the main home and detached building
