1965 RAINBOW Dr, Clearwater, FL 33765
Income-producing triplex with separate units and private fenced yard.
- Added:
- Apr 24, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 24 at 3:51 pm
Property Features for 1965 RAINBOW Dr
General Information
- Standard status
- Active
- Size
- 2,380 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1953
Listing agent Ray Cassano License #BK491304 (727) 642-8805
Listing office Station Square Realty (727) 642-8805
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Station Square Realty
HighLights
- Income‑producing triplex investment opportunity.
- Three separately rented units.
- Located in Clearwater, FL.
- Four bedrooms and three bathrooms total.
- Private fenced yard.
- Very bikeable and walkable location.
Overview
Local Financial Insights For Multifamily LT 5
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 | $50.0k | $21.00 |
| − Vacancy | −$3.1k | −$1.30 |
| EGI | $46.9k | $19.70 |
| − OpEx | −$14.1k | −$5.91 |
| NOI | $32.8k | $13.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Clearwater
- County
- Pinellas
- State
- Florida
- Longitude
- -82.7552157
- Latitude
- 27.9622481
