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$795,000
18 Beds 7 Baths Hibiscus Gardens SubDv. 33756 Zip Code
RENOVATED DOWNTOWN CLEARWATER FOURPLEX! Located just steps from Cleveland Street and approximately $350 million in planned and ongoing downtown investment, including new dining, retail and entertainment. This fully renovated, income-producing fourplex features four approximately 1,000 SF units with a mix of 2- and 3-bedroom layouts. Updates include renovated kitchens with stone countertops and new cabinetry, updated bathrooms and fresh paint throughout. Three units offer interior laundry hookups and exterior storage, and each unit has assigned parking. Pet-friendly and conveniently located minutes from Clearwater Beach, shopping, hospitals and approximately 30 minutes from Tampa International Airport. Own an income-producing property in the heart of Downtown Clearwater’s continued transformation. Seller’s preferred lender is offering a no-fee 1-0 rate buydown for the first 12 months for qualified buyers. Don't wait, call us today!

1259 Franklin Street, Clearwater

$338,800
4 Beds 2 Baths Hibiscus Gardens SubDv. 33756 Zip Code
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. Upon completion of the planned renovation and conversion, the property is expected to become a fully renovated triplex with approximately 2,450 sq ft of total living space. Its resale value is expected to be significantly higher than comparable properties, and its long-term rental income potential is also very attractive. The seller accepts both cash and financed purchases. The property is suitable for contractors, investment-minded buyers, and buyers who may choose to occupy one of the units. Don't miss this rare investment opportunity.

1216 Franklin Circle, Clearwater

$477,000
4 Beds 3 Baths Belmont Sub 1st Add SubDv. 33756 Zip Code
Exceptional investment opportunity with immediate upside and located just minutes from the gulf beaches! This fully leased triplex is currently generating $4,425 each month with the opportunity to increase rental income immediately. A new roof was installed in 2023 on the 1/1 building. In addition to the existing income upside, the two 1/1 units provide an excellent value-add opportunity with cosmetic updates that can further increase rents and overall property value. The property features one updated 2/1 unit (rented below market at 1,500 but could rent for 1,600) and two 1/1 units (rented at 1,425 and 1,500), offering an ideal opportunity for both seasoned investors and buyers looking to house hack/ live in one unit while the rental income from the other two helps offset their mortgage and living expenses. The updated 2/1 unit features newer windows, appliances, and flooring providing a move-in-ready option. The 2/1 unit will be vacant upon closing.Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this triplex offers immediate cash flow, multiple avenues for increased returns, or the opportunity to significantly reduce your housing costs by living on-site.

725 New York St, Clearwater

$5,250,000
26 Beds 33 Baths Maranatha Sub SubDv. 33756 Zip Code
TREEHOUSE APARTMENTS-Exceptional 33 - Unit multifamily investment opportunity in desirable Clearwater, FL. Located near parks, beaches, restaurants, and grocery stores. This well maintained property offers attractive amenities including a swimming pool, patio or balcony for each apartment, surrounding parking lot, and on-site laundry facility. Excellent floorplans include two bedroom units, one bedroom units, studios, and one bedroom loft apartments. Over half of the units have been fully renovated and feature high-end cabinetry, quartz countertops, updated appliances, luxury vinyl plank flooring, full appliances in including dishwashers, balcony/terrace, and modern bathroom fixtures. Substantial renovations completed (2023-2026 Including replacing all electric panels and meters, roofs, railings & stairs, exterior lighting, Central courtyard with pool. *** PLEASE DO NOT WALK THE PROPERTY OR CONTACT TENANTS. ** CONTACT AGENT TO RECEIVE & COMPLETEE NON-DISCLOSURE **UPON RETURN YOU WILL BE SENT COMPLETE MARKETING PACKAGE!!

1100 Turner Street, Clearwater

$378,500
2 Beds 2 Baths Milton Park SubDv. 33756 Zip Code
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