Clearwater Florida Multi-Family for Sale

Clearwater Florida Multi-Family for Sale

3015 St John Drive, Clearwater
$385,000
4 Beds ⋅ 4 Baths ⋅ TB8547805 MLS
Under contract-accepting backup offers. INVESTMENT OPPORTUNITY | CLEARWATER MULTIFAMILY DUPLEX | 2/2 EACH SIDE | 1/4+ ACRE LOT Discover the potential at 3015 St John Dr, Clearwater, FL 33759—a rare opportunity for an investor, house hacker, or owner-occupant looking to live in one unit while renovating and/or renting the other. This duplex features two 2-bedroom, 2-bath units, each with a 1-car garage, situated on a spacious over 1/4-acre lot in a desirable Clearwater location. One side is ready for occupancy, while the other requires renovation and updating, providing an opportunity to add value and improve future rental income. The east-side garage has been converted to storage and would need to be converted back to a garage. The property needs work both inside and out, but the major components are solid, making this a true diamond-in-the-rough investment opportunity. Recent major improvements include HVAC systems from 2022 and 2018 and a 2024 roof, giving the next owner a solid foundation to work from. The property has been owned by the same family since 1973, and they are ready to pass it on to the right buyer. The large lot is zoned for multifamily use, offering excellent potential for an investor looking to maximize the property. There may also be a possibility of adding an ADU or additional dwelling in the rear, subject to buyer research, permitting, zoning requirements, and approval by the City of Clearwater. Buyers are encouraged to independently verify all zoning, development, rental, and building requirements with the appropriate authorities. The seller has wisely priced the property based on its location, physical condition, and current market conditions, creating an opportunity for a buyer who can see beyond the cosmetic work and capitalize on the property's location, lot size, existing duplex configuration, and future potential. Whether you're looking for a Clearwater investment property, multifamily income property, house-hacking opportunity, renovation project, or long-term rental, this property is worth a closer look. Come check it out and bring your vision! This property has been part of one family's story for more than 50 years and is ready for its next chapter.

3015 St John Drive, Clearwater

Listing courtesy of CHARLES RUTENBERG REALTY INC. 866-580-6402

2240 Evans Road, Clearwater
$325,000
3 Beds ⋅ 2 Baths ⋅ TB8547885 MLS
Under contract-accepting backup offers. Imagine the possibilities! Tucked inside an established community near the heart of Dunedin, this unique property offers an exceptional opportunity for investors, builders, developers, or buyers dreaming of creating something entirely their own. Enjoy quick access to vibrant Downtown Dunedin, the Pinellas Trail, Honeymoon Island, waterfront parks, award-winning beaches, shopping, dining, and major roadways. All while enjoying the character of an established neighborhood without mandatory HOA fees!! The approximately 75-by-130-foot parcel currently features a duplex with two units, offering the flexibility to renovate and generate rental income or reimagine the property through new construction. Based on the development pattern within the surrounding community, there may also be potential to divide the parcel into two individual homesites. For an even more exciting opportunity, the neighboring property at 2238 Evans Road (MLS #TB8547618) is being offered separately. Combined, the properties provide approximately 150 feet of frontage and the potential to explore up to four new homesites. Envision creating a thoughtfully designed multigenerational retreat where loved ones can live close while still enjoying the comfort and privacy of their own homes. Any subdivision, redevelopment, construction plans, and intended uses are subject to applicable governmental approvals and independent verification. Prior rental income and expense information is available upon request.

2240 Evans Road, Clearwater

Listing courtesy of EXP REALTY LLC. 866-308-7109

2238 Evans Road, Clearwater
$325,000
2 Beds ⋅ 2 Baths ⋅ TB8547618 MLS
Under contract-accepting backup offers. Imagine the possibilities! Tucked inside an established community near the heart of Dunedin, this unique property offers an exceptional opportunity for investors, builders, developers, or buyers dreaming of creating something entirely their own. Enjoy quick access to vibrant Downtown Dunedin, the Pinellas Trail, Honeymoon Island, waterfront parks, award-winning beaches, shopping, dining, and major roadways. All while enjoying the character of an established neighborhood without mandatory HOA fees!! The approximately 75-by-130-foot parcel currently features a duplex with two units, offering the flexibility to renovate and generate rental income or reimagine the property through new construction. Based on the development pattern within the surrounding community, there may also be potential to divide the parcel into two individual homesites. For an even more exciting opportunity, the neighboring property at 2240 Evans Road (MLS #TB8547885) is being offered separately. Combined, the properties provide approximately 150 feet of frontage and the potential to explore up to four new homesites. Envision creating a thoughtfully designed multigenerational retreat where loved ones can live close while still enjoying the comfort and privacy of their own homes. Any subdivision, redevelopment, construction plans, and intended uses are subject to applicable governmental approvals and independent verification. Prior rental income and expense information is available upon request.

2238 Evans Road, Clearwater

Listing courtesy of EXP REALTY LLC. 866-308-7109

522 Florida Avenue, Clearwater
$449,995
4 Beds ⋅ 2 Baths ⋅ TB8541483 MLS
Rare investment opportunity. Currently available, a beautifully updated duplex in the heart of Clearwater offering an exceptional opportunity for owner-occupants alike. The leases are currently month-to-month, providing flexibility for the new owner. This building would make a great short term vacation rental because of the short drive to the crystal blue waters of Clearwater beach. The property rents quickly if one becomes available because of the location and attractive street that it is on. Unlike many rental properties, this well-maintained building is situated on a charming street lined with attractive homes featuring manicured lawns and pride of ownership is seen throughout the neighborhood. A recently newly constructed home on the street further enhances the area’s appeal and value. Predetermined market rents are gross 39,000 for current listing or 78,000 for both buildings. The property features updated kitchens and bathrooms, including stone countertops, modern cabinetry, and stylish finishes throughout. One unit offers a spacious one-bedroom, one-bath layout with an extra enclosed room that is ideal for a home office, dining area, hobby room, or a small closet could be added for bedroom, making it a 2 bedroom unit. All units have durable ceramic tile throughout. The large kitchen is equipped with modern appliances and includes a generous full pantry with a door, providing abundant storage and functionality. New hot water heater recently installed. Newer breaker boxes were all updated several years ago. Water and power are separate for all units and paid by the tenant. Ideally located just a short drive from Clearwater’s world-famous beaches, this property enjoys strong rental demand and a proven history of consistent occupancy. The 16 year owner can provide a long track record of successful consistent tenant rentals, making this an attractive addition to any investment portfolio.

522 Florida Avenue, Clearwater

Listing courtesy of HOMECOIN.COM. 888-400-2513

15501 61st Street N, Clearwater
$649,990
7 Beds ⋅ 3 Baths ⋅ TB8538782 MLS
INVESTOR SPECIAL — fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close — an occupied unit paying $1,850/month plus the seller's offered 12-month leaseback at $1,550/month puts $3,400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1,700) is rent-ready against a $2,020 HUD Fair Market Rent, the occupied unit sits 28% below its $2,580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7,050/month ($84,600/year) — pro forma NOI of approximately $61,600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors — tile floors, updated kitchens with granite island, updated baths — across two concrete-block buildings, 2,512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric — tenants pay their own utilities. Total remaining scope roughly $0–10K: add the closet and barn door that finish the bonus room as a true third bedroom — making that unit a genuine 3/1 — and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete–Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.

15501 61st Street N, Clearwater

Listing courtesy of DALTON WADE INC. 888-668-8283

1216 Franklin Circle, Clearwater
$338,800
4 Beds ⋅ 2 Baths ⋅ TB8536909 MLS
Under contract-accepting backup offers. Rare high-appreciation investment opportunity in downtown Clearwater! This property is located in a prime downtown location, with no HOA, and is in Flood Zone X. The property is a two-story duplex. Each unit is 1,080 sq ft and includes 2 bedrooms and 1 bathroom. There is also a detached garage of approximately 300 sq ft next to the main building. The seller has already completed the pre-construction site preparation and cleanup work and has obtained a complete set of architect-prepared, signed and sealed plans for permit application. The plans include the renovation design for the two existing residential units and the conversion of the detached garage into a third residential unit, including cabinetry, a bathroom with a shower, and living space. The buyer does not need to start from scratch. The key component—the architect-prepared, signed and sealed plans—has already been completed by the seller. The buyer only needs to prepare any additional supporting documents required by the City and submit them together with the plans for permit approval. The estimated permit review timeframe is approximately 3–4 weeks. Once the permit is approved, construction can begin according to the existing plans. Except for the roof, which was replaced in 2014, all other parts of the property require a full renovation. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2,450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. This property is especially well suited for a long-term rental owner seeking greater rental income from three residential units, an owner-occupant who plans to live in one unit while renting the others, or a contractor or experienced renovation professional seeking resale profit through the completion of the renovation.

1216 Franklin Circle, Clearwater

Listing courtesy of HOMECOIN.COM. 888-400-2513

533 Yelvington Avenue, Clearwater
$425,000
3 Beds ⋅ 2 Baths ⋅ TB8526234 MLS
Virtually Staged. PRICE IMPROVEMENT - $425,000 Enoy the Florida lifestyle while owning a versatile income-producing duplex in Clearwater. Whether you're looking for a Florida home base, a property with rental income, or an investment opportunity, 533 Yelvington Avenue offers flexibility in a convenient Clearwater location. The beautifully updated one-bedroom side provides a comfortable place to live and enjoy, featuring an updated kitchen with new appliances, quartz countertops, new backsplash, freshly painted cabinetry, updated lighting and exhaust fan, plus an updated bath with new tub liner, vanity, fixtures and toilet. Fresh paint throughout the one-bedroom side creates a clean, inviting space ready for its next owner. The two-bedroom side is currently occupied by long-term tenants under an existing lease providing established rental income while allowing the owner to enjoy the updated one-bedroom residence. Tenant privacy is respected, with no interior photographs of the occupied unit included online. Recent improvements include a 2022 roof with tie-down straps and 2023 hurricane-impact windows and hurricane-impact door coverings, adding valuable updates for Florida living. Located in Clearwater puts you within convenient reach of the area's beaches, restaurants, shopping, entertainment and outdoor recreation. Spend more time enjoying the Gulf Coast lifestyle and less time taking on a major renovation project. Schedule your private showing today!

533 Yelvington Avenue, Clearwater

Listing courtesy of TREASURED HOME COLLECTION. 727-210-3282

405 S Orion Avenue, Clearwater
$699,000
5 Beds ⋅ 5 Baths ⋅ TB8521103 MLS
405 S Orion Avenue | Beautifully Renovated 5-Unit Investment Property with Development Potential in the Heart of Clearwater Welcome to 405 S Orion Avenue, a beautifully renovated five-unit multifamily property offering immediate income, exceptional location, and exciting future possibilities in the heart of Clearwater, Florida. Thoughtfully updated with a refined European aesthetic, the property stands apart from typical investment properties. Inspired by the owner’s artistic education in Italy and lifelong passion for design, the interiors reflect a European sensibility. The harmonious color palette and understated finishes were carefully selected to create bright, welcoming spaces with enduring appeal, offering residents a living environment that feels both relaxing and timeless. Each unit has been creating an attractive environment for long-term tenants and helping support strong occupancy. Adding to the property’s appeal is a spacious backyard that offers flexibility for outdoor enjoyment and potential future expansion. Subject to local approvals, the site may give the opportunity for an ADU or other value-enhancing improvements. For investors and developers, 405 S Orion Avenue presents a particularly compelling opportunity. The property sits on commercially zoned land, and current zoning may allow the development of up to 10 residential units, making this an attractive acquisition for those seeking both immediate cash flow and long-term redevelopment potential. The location is one of the property’s strongest assets. Situated just minutes from Downtown Clearwater, residents enjoy convenient access to restaurants, shopping, entertainment, and the exciting transformation and revitalization currently underway throughout the downtown district. The renowned Delphi School is located on the same street, adding to the area’s desirability for families and professionals alike. For those seeking the Florida coastal lifestyle, Clearwater Beach, consistently ranked among the most beautiful beaches in the United States , is only a 10 to 15-minute drive away. Convenient public transportation is located nearby, including the Route 60 bus, providing direct access to Downtown Clearwater and the beach. As Clearwater continues to attract new investment, residents, and visitors, opportunities such as 405 S Orion Avenue become increasingly valuable. Whether you are seeking a stable income-producing asset, a value-add investment, or a future redevelopment project, this property offers a unique combination of location, character, flexibility, and growth potential. Investment. Lifestyle. Design. Opportunity. 405 S Orion Avenue is more than a multifamily property it is a thoughtfully designed investment opportunity positioned to benefit from the continued growth and evolution of one of Florida’s most desirable coastal communities.

405 S Orion Avenue, Clearwater

Listing courtesy of HIGH POINT REALTY INC. 727-466-6697

15134 Verona Avenue, Clearwater
$399,999
4 Beds ⋅ 2 Baths ⋅ TB8515379 MLS
Welcome to 15134 Verona Ave, Clearwater, FL 33760—a well-maintained duplex offering exceptional income-producing potential and strong value for investors or owner-occupants alike. This versatile property has been thoughtfully updated and features major capital improvements that provide peace of mind while helping minimize future maintenance expenses. Unit A serves as a true **model unit**, showcasing a fully renovated interior with an updated kitchen, beautifully remodeled bathroom, fresh paint, and modern ceiling fans throughout. Unit B has also been improved with a **newly renovated bathroom**, enhancing both comfort and rental appeal. Adding to the property's functionality, **each unit features its own private laundry room and dedicated storage area**, a highly desirable amenity for tenants. Significant updates include a **new roof installed in 2021**, a **new A/C system in Unit B in 2023**, and a **new A/C system in Unit A in 2025**, giving buyers confidence in the property's major systems. Whether you're looking to expand your investment portfolio, generate consistent rental income, or live in one unit while renting the other, this property presents an outstanding opportunity. With its desirable Clearwater location, attractive updates, and tenant-friendly features, 15134 Verona Ave offers **excellent rental income potential** and long-term investment value. Don't miss your chance to own a turnkey property that combines modern upgrades, strong cash-flow potential, and investment upside in the heart of Pinellas County. Schedule your private showing today!

15134 Verona Avenue, Clearwater

Listing courtesy of COMPASS FLORIDA, LLC. 212-913-9058

831 Grand Central Street, Clearwater
$378,500
2 Beds ⋅ 2 Baths ⋅ TB8505654 MLS
Rare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater’s active growth corridors. Situated on an 83’ x 127’ quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1-bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential per unit per month depends on the final use, condition, rental strategy, and market demand. Inquire for details! The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clearwater. For the buyer looking to control land, create income, and unlock future value, this is a Clearwater opportunity worth serious attention.

831 Grand Central Street, Clearwater

Listing courtesy of AGILE GROUP REALTY. 813-569-6294

400 S Meteor Avenue, Clearwater
$1,200,000
TB8472934 MLS
ATTENTION INVESTORS!! Turnkey 6-Plex INCOME MACHINE in Clearwater – Solid Upside & Strategic Location in Central Clearwater!! This property features 6 (ONE 2bed/2bath,ONE 1 bed/2bath,FOUR 1 bed/1bath) units. ALL units have been updated and always occupied! The building’s concrete block construction ensures durability and low immediate maintenance. Located in a high-demand area, this property is minutes from US-19, offering easy access to Tampa and St. Pete, making it ideal for commuters. This meticulously maintained multifamily property offers an unbeatable combination of central location and immediate ROI. Situated just minutes from the newly revitalized Downtown Clearwater, The Sound at Coachman Park, and the award-winning Clearwater Beach. Featuring a desirable unit mix, this property boasts consistent high occupancy rates and reliable rental income. Tenants love the convenient access to local dining, shopping, and major employment hubs like Morton Plant Hospital. Do not miss this rare chance to own a fully functional asset in one of Florida's most desirable rental markets. Low vacancies and high rental demand in Pinellas County, this is a secure, high income opportunity that will not last long. Ideal for investor portfolio expansion. Contact for rent roll and financials. Laundry room is equipped with washers and dryers on user friendly application on cell phone. Electric is separately metered.

400 S Meteor Avenue, Clearwater

Listing courtesy of CHARLES RUTENBERG REALTY INC. 866-580-6402

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Clearwater Florida Multi-Family

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