1332/1334 Tioga Ave · Clearwater, FL 33756

$350,000

4 bd · 2.0 ba · 1,276 sqft · MultiFamily public records · 87 Days on market

Built 1963 5,262 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +13.5/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +4.1/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

48 hour notice to SHOW+++Introducing a wonderfully located 2 unit: LIVE IN ONE UNIT AND RENT THE OTHER. PAYS FOR HALF YOUR PAYMENT! 2—1bed/1bath duplex under one roof in Clearwater, FL. * * Legal Duplex * * NO EVACUATION ZONE! No Flood insurance required in Zone X!. Extremely low maintenance yard! Highly rated Morton Plant Hospital 5 minutes away! Brand New Publix supermarket 2 mins away. This charming home features terrazzo floors, large bedrooms, private driveway, and private mailbox. With separate utility meters, a new roof in 2019, central ACs 2021/2018 and block construction, this previously remodeled kitchen with all new appliances as of 2019/2022 and bath provide a cozy liv

Key facts

• Legal duplex
• No evacuation zone
• New roof

Tags

• LEGAL DUPLEX
• NO EVACUATION ZONE
• EXTREMELY LOW MAINTENANCE YARD
• HIGHLY RATED HOSPITAL
• NEW ROOF
• SEPARATE UTILITY METERS

Property features AI

Finance

• Financial info: Gross income reported: $29,760; Annual net income reported: $25,888; Gross-lease terms; tenants pay electricity and water
• HOA & community: No association

Exterior

• Parking: Driveway parking
• Utilities: Public water; Public sewer; BB/HS internet available; Multiple water meters (two)
• Home design: Residential income duplex; Single-story
• Construction: Block construction; Shingle roof; Slab foundation; Built as one building (duplex)
• Exterior features: Private mailbox; Asphalt road access; Xeriscape landscaping

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Two total bedrooms (property contains two 1-bedroom units)
• Flooring: Terrazzo flooring
• Bathrooms: Each 1-bedroom unit includes one bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Solid surface counters
• Laundry & utility: No on-site laundry features specified; Electric water heater

What this means for you Summary

Snapshot

• This is a 2 × 1-bed/1.0-bath units multifamily listed at $350k.

Deal economics

• At list price, monthly cash flow is $14 ($170/yr) — positive. Per door: $7/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $294k (16.1% below list).
• Recommended offer: $294k (16.1% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.9% in Clearwater — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-2.2%/yr); 355 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,937/mo this rent would consume 57% of the median local household income ($62k/yr) (locally 1868% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($329k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 9y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $157k; list at $350k implies a 123% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $293,700 (16.1% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.84% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.17%
• DSCR: 1.01
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.34×
• Total profit: $-64,447
• Equity at exit: $52,186

10-year hold

• IRR: -19.5%
• Equity multiple: 0.10×
• Total profit: $-88,326
• Equity at exit: $30,262

Cash invested: $98,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33756

• Rents YoY: -2.2%
• Active inventory: 355
• Price-to-rent: 19.9×

Monthly cashflow live

• Estimated rent: $2,937 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$325 /mo · $3,898/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$617
• Net cashflow: $14

Break-even live

Break-even rent $2,919

Max offer price $350,000

Occupancy floor 95%

Sensitivity live

Price	-10% $212	-5% $113	+0% $14	+5% $-85	+10% $-184
Rent	-10% $-218	-5% $-102	+0% $14	+5% $130	+10% $246
Rate	-1.0pp $190	-0.5pp $103	base $14	+0.5pp $-77	+1.0pp $-169

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	1	1	$2,938
Total (2 units)			$2,937

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,950	$1.90	25d	1	0.52mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,995	$1.95	11d	1	0.52mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	5d	1	0.55mi
1574 Ewing Ave Clearwater, FL	3.0	2.0	1324	$2,700	$2.04	4d	1	0.64mi
1353 Lakeview Rd Clearwater, FL	3.0	1.0	1360	$1,995	$1.47	25d	1	0.64mi
1429 S Evergreen Ave Clearwater, FL	4.0	2.0	1782	$2,781	$1.56	4d	1	0.65mi
1552 S Myrtle Ave Clearwater, FL	3.0	2.0	900	$1,950	$2.17	8d	1	0.67mi
1128 Belleair Rd Unit Home Clearwater, FL	3.0	1.0	1326	$1,695	$1.28	25d	1	0.68mi
1571 S Myrtle Ave Clearwater, FL	3.0	2.0	1202	$2,400	$2.00	25d	1	0.69mi
642 Wells Ct #302 Clearwater, FL	3.0	2.0	1588	$2,795	$1.76	11d	1	0.73mi
1523 S Fredrica Ave Clearwater, FL	3.0	2.0	1284	$2,550	$1.99	25d	1	0.74mi
1009 Chester Dr Clearwater, FL	3.0	2.0	1105	$2,500	$2.26	12d	1	0.75mi
1632 Clearwater Largo Rd Clearwater, FL	3.0	1.0–2.0	961	$2,899	$3.02	2d	25	0.86mi
1342 Belleair Rd Clearwater, FL	4.0	2.0	1695	$2,845	$1.68	20d	1	0.90mi
701 Oak Ave Clearwater, FL	4.0	2.0	1250	$3,200	$2.56	25d	1	0.90mi
1412 Druid Rd E Clearwater, FL	3.0	1.0	1239	$1,995	$1.61	25d	1	0.95mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	25d	1	0.96mi
1588 Eunice Ln Clearwater, FL	4.0	2.0	1780	$2,731	$1.53	8d	1	0.98mi
1264 Pierce St Clearwater, FL	3.0	2.5	1436	$2,500	$1.74	22d	1	1.11mi
1276 Pierce St Unit 1276 Clearwater, FL	3.0	2.5	1450	$2,550	$1.76	4d	1	1.12mi
1526 Caldera Ct Clearwater, FL	3.0	2.5	1816	$2,900	$1.60	15d	1	1.13mi
1279 Park St Unit n/a Clearwater, FL	3.0	2.5	1300	$2,450	$1.88	25d	1	1.15mi
1581 Lotus Path Clearwater, FL	3.0	2.0	1690	$3,400	$2.01	5d	1	1.24mi
628 Cleveland St Clearwater, FL	2.0–3.0	2.0	1666	$3,750	$2.25	25d	2	1.24mi
618 S Crest Ave Clearwater, FL	3.0	1.0	997	$2,500	$2.51	5d	1	1.30mi
1354 Chesterfield Dr Unit 1039504P Clearwater, FL	4.0	2.0	1840	$6,710	$3.65	2d	1	1.30mi
331 Cleveland St Clearwater, FL	2.0–3.0	2.0–2.5	1962	$7,500	$3.82	25d	3	1.30mi
1321 Chesterfield Dr Unit 1018173P Clearwater, FL	3.0	2.0	1356	$3,967	$2.93	2d	1	1.31mi
905 Jones St Clearwater, FL	3.0	2.0	1072	$2,450	$2.29	25d	1	1.39mi
1812 Lady Mary Dr Clearwater, FL	3.0	2.0	1531	$2,800	$1.83	4d	1	1.41mi
821 14th Ave NW Largo, FL	3.0	1.0	900	$1,795	$1.99	25d	1	1.42mi
1006 14th Ave NW Largo, FL	3.0	2.0	1444	$2,450	$1.70	25d	1	1.42mi
311 Pennsylvania Ave Clearwater, FL	3.0	2.0	1220	$2,300	$1.89	25d	1	1.44mi
16 N San Remo Ave Clearwater, FL	3.0	1.0	1249	$1,795	$1.44	25d	1	1.44mi
1485 Cleveland St Clearwater, FL	3.0	1.0	978	$2,200	$2.25	5d	1	1.45mi
1500 Laurel Cir Clearwater, FL	3.0	2.0	1530	$2,650	$1.73	4d	1	1.47mi
1482 Cleveland St Clearwater, FL	3.0	2.0	1110	$2,750	$2.48	5d	1	1.48mi
906 Hart St Clearwater, FL	3.0	2.0	1360	$2,336	$1.72	14d	1	1.48mi

Listing history 45 events

1. 2026-06-18
   days on market $350,000 Active 87 DOM
2. 2026-06-17
   days on market $350,000 Active 86 DOM
3. 2026-06-16
   days on market $350,000 Active 85 DOM
4. 2026-06-15
   days on market $350,000 Active 84 DOM
5. 2026-06-13
   days on market $350,000 Active 82 DOM
6. 2026-06-09
   days on market $350,000 Active 78 DOM
7. 2026-06-08
   days on market $350,000 Active 77 DOM
8. 2026-06-07
   days on market $350,000 Active 76 DOM
9. 2026-06-04
   days on market $350,000 Active 73 DOM
10. 2026-06-03
    days on market $350,000 Active 72 DOM
11. 2026-06-01
    days on market $350,000 Active 70 DOM
12. 2026-05-31
    days on market $350,000 Active 69 DOM
13. 2026-05-21
    price $350,000
14. 2026-05-08
    price $359,900
15. 2026-04-23
    price $365,000
16. 2026-03-23
    listed $375,000 Active
17. 2025-12-21
    historical $1,200
18. 2025-12-11
    listed $1,200
19. 2025-12-10
    historical $1,200
20. 2025-12-06
    price $1,200
21. 2025-12-02
    listed $1,600
22. 2025-04-28
    historical
23. 2025-04-25
    historical
24. 2025-04-05
    historical $1,500
25. 2025-04-02
    listed $1,500
26. 2025-03-24
    price $424,000
27. 2025-03-24
    price $424,000
28. 2025-03-06
    listed $435,000 Active
29. 2025-02-25
    listed $435,000 Active
30. 2025-01-10
    historical $1,700
31. 2024-10-29
    listed $1,700
32. 2023-10-31
    historical $1,300
33. 2023-10-14
    listed $1,300
34. 2019-11-20
    soldstatus $157,000
35. 2019-06-24
    historical
36. 2019-05-30
    listed $160,000 Active
37. 2018-04-08
    historical
38. 2018-02-28
    price $148,500
39. 2018-02-04
    listed $149,900 Active
40. 2017-07-20
    soldstatus $130,000
41. 2017-07-12
    soldstatus $130,000 Sold
42. 2017-06-29
    status Pending
43. 2017-05-02
    listed $138,500 Active
44. 1996-05-15
    soldstatus $30,500
45. 1982-03-01
    soldstatus $42,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,898 · $325/mo
• Projected year-2 tax: $3,898 · $325/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,244
• − Mortgage interest: −$19,605
• − Property taxes: −$3,898
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,820
• − Management: −$2,820
• − Depreciation: −$10,182
• Taxable loss: −$5,830
• Est. tax savings @ 24.0%: +$1,399
• After-tax cash flow: $1,569/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

Amenities B Commute A+ Cost of living A- Crime B+ Employment C- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Indo-European 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+733.3% since first listed

33 events — show timeline

• 2026-05-21 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $359,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $365,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-21 Rental Removed $1,200 APPFOLIO
• 2025-12-11 Listed for Rent $1,200 APPFOLIO
• 2025-12-10 Rental Removed $1,200 SHOWMOJO
• 2025-12-06 Price Changed $1,200 SHOWMOJO
• 2025-12-02 Listed for Rent $1,600 SHOWMOJO
• 2025-04-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-05 Rental Removed $1,500 SHOWMOJO
• 2025-04-02 Listed for Rent $1,500 SHOWMOJO
• 2025-03-24 Price Changed $424,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-24 Price Changed $424,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-06 Listed $435,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-25 Listed $435,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-10 Rental Removed $1,700 APPFOLIO
• 2024-10-29 Listed for Rent $1,700 APPFOLIO
• 2023-10-31 Rental Removed $1,300 APPFOLIO
• 2023-10-14 Listed for Rent $1,300 APPFOLIO
• 2019-11-20 Sold (Public Records) $157,000 Public Records
• 2019-06-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-05-30 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-02-28 Price Changed $148,500 Stellar MLS as Distributed by MLS Grid
• 2018-02-04 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2017-07-20 Sold (Public Records) $130,000 Public Records
• 2017-07-12 Sold (MLS) $130,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-05-02 Listed $138,500 Stellar MLS as Distributed by MLS Grid
• 1996-05-15 Sold (Public Records) $30,500 Public Records
• 1982-03-01 Sold (Public Records) $42,000 Public Records

Property tax history

+11.9%/yr

Latest (2025): $3,898 · +14.5% YoY. Source: county tax records.