Apartment Building with Community
For Sale
Under Contract
$875,000
411 PLEASANT Street, Clearwater, FL 33755
MULTI_FAMILY - CLEARWATER, FL
Property Size3,134 SF
Lot Size0.13 Acres
Price / SF$279.20
Days on Market60
Property Features for 411 PLEASANT Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
25
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 12, Bedroom 3, Bedroom 11, Bedroom 19, Bedroom 2, Bathroom 1, Bedroom 20, Bedroom 17, Bathroom 4, Bedroom 7, Bedroom 22, Bedroom 10, Bedroom 5, Bedroom 23, Bedroom 18, Bathroom 5, Bedroom 8, Bathroom 2, Bathroom 3, Bedroom 15, Bedroom 24, Bedroom 21, Bedroom 6, Bedroom 4, Bedroom 13, Bedroom 1, Bedroom 9, Bedroom 16, Bedroom 25, Bedroom 14
Pets allowed
Yes
Pool private
1
Interior features
Ceiling Fans(s)
Exterior features
Courtyard
Appliances
Dryer, Washer
Subdivision
NORTH SHORE PARK
Directions
Take US19 towards Clearwater Beach exit...follow GPS...property is on pleasant st left side
Standard status
Active Under Contract
APN
04-29-15-61488-006-0010
Size
3,134 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH SHORE PARK BLK 6, LOT 1
Tax Annual Amount
5213
Legal Description
NORTH SHORE PARK BLK 6, LOT 1
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Water source
Public
Amenities
community pool
Building Details
Year built
1951
Floors in Building
1
Flooring type
Laminate, Vinyl
Building materials
Block, Stucco
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
RE/MAX ALLIANCE GROUP · RE/MAX International
(727) 845-4321
Listed By:
Michael Constantine · License #3278539
(727) 415-0922
Added: Jun 3
Changed: Jul 31
Last Checked: Aug 1 at 4:06PM
MLS# W7886599
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Welcome to 411 Pleasant Street in Clearwater, FL, a five-unit apartment building offered as a single combined property (409 and 411 Pleasant Street sold together). The building includes three 1-bedroom/1-bath apartments, one 2-bedroom/1-bath apartment, and one efficiency apartment, creating a diversified rental mix.
The property sits on a 0.13-acre lot and includes 3,134 square feet under roof. Constructed in 1951 with block and stucco, the building features laminate and vinyl flooring, central electric heating, and a shingle roof. Tenant comfort items include ceiling fans, and the building offers in-unit laundry with washer and dryer appliances. Exterior amenities include a courtyard and a private community pool.
Water and sewer services are provided through the public system. The property is described as being steps from the ocean, with Clearwater Beach noted as approximately 5 to 10 minutes away, and it is also positioned near major shopping, dining, entertainment, and popular tourist attractions.
The property sits on a 0.13-acre lot and includes 3,134 square feet under roof. Constructed in 1951 with block and stucco, the building features laminate and vinyl flooring, central electric heating, and a shingle roof. Tenant comfort items include ceiling fans, and the building offers in-unit laundry with washer and dryer appliances. Exterior amenities include a courtyard and a private community pool.
Water and sewer services are provided through the public system. The property is described as being steps from the ocean, with Clearwater Beach noted as approximately 5 to 10 minutes away, and it is also positioned near major shopping, dining, entertainment, and popular tourist attractions.
Key Highlights
- Five‑unit apartment building with three 1 bed/1 bath units, one 2 bed/1 bath, and one efficiency unit
- 0.13‑acre lot with 3,134 square feet
- Private community pool plus courtyard exterior
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.2k | $24.00 |
| − Vacancy | −$4.9k | −$1.56 |
| EGI | $70.3k | $22.44 |
| − OpEx | −$31.6k | −$10.10 |
| NOI | $38.7k | $12.34 |
3,134 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.3K
$769.4K – $1.03M
NOI $61,549 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 33755, FL
28,360
Population
11,872
Households
2.4
Avg Household Size
41
Median Age
25%
College-Educated
89%
High-School Grad
5.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$59,613
Median Household Income
$36,206
Median Earnings
$1,340
Median Rent
$300,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with five separate units, courtyard setting, and a private community pool on a public utilities site.
Where is this apartment building located?
The property is located at 411 PLEASANT Street Clearwater, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Five‑unit apartment building with three 1 bed/1 bath units, one 2 bed/1 bath, and one efficiency unit; 0.13‑acre lot with 3,134 square feet; Private community pool plus courtyard exterior
