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Exceptional investment opportunity in perfect Clearwater location. Featuring a 6-unit multifamily property on an oversized lot with abundant on-site parking and additional owner storage shed. This professionally managed asset offers strong cash flow with an excellent cap rate and 5 of 6 units currently occupied, providing immediate income with one vacant unit available for easy showings or owner occupancy. All units have been renovated and in great shape! This is ideal for investors seeking a stable, turnkey asset in a high-demand rental corridor near Dunedin and Clearwater. The flexible layout presents multiple strategies: continue operating as a high-performing income property, increase rents over time, or live in the larger primary unit while the remaining units offset expenses and generate passive income. Tenants love the location with quick access to vibrant downtown Dunedin restaurants, breweries, shopping, and waterfront parks. Enjoy stunning Gulf Coast sunsets along Edgewater Drive and easy access to world-famous Clearwater Beach. Convenient to major employment centers, beaches, recreation, and entertainment, this property has consistently attracted reliable tenants and has been easy to lease. Additional highlights include ample parking, large lot size with future potential, owner storage, strong rental history, and pride of ownership throughout. Property has experienced no flooding or storm-related issues during ownership, offering added confidence for long-term investors. Rare opportunity to acquire a well-positioned multifamily asset in one of Pinellas County's most desirable rental markets.
| DAYS ON MARKET | 9 | LAST UPDATED | 5/28/2026 |
|---|---|---|---|
| TRACT | SUNSET POINT A REP | YEAR BUILT | 1946 |
| COMMUNITY | 33755 - Clearwater | COUNTY | Pinellas |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Microwave, Refrigerator |
| AREA | 33755 - Clearwater |
| CONSTRUCTION | Frame, HardiPlank Type, Wood Siding |
| HEAT | Central, Ductless |
| LOT | 0.42 acre(s) |
| LOT DESCRIPTION | Near Golf Course, Near Public Transit, Paved |
| LOT DIMENSIONS | 60x304 |
| PARKING | Lighted |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | SUNSET POINT A REP |
| TAXES | 9998.08 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Kristin Hallamek, ENGEL & VOLKERS BELLEAIR, 727-461-1000
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 6/5/26 11:04 PM PDT.
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