Four-Unit Residential
New
For Sale
$715,000
208 VINE AVENUE #1 2 3 4, Clearwater, FL 33755
A three-bedroom main home is accompanied by three separate one-bedroom apartments.
Property Size1,820 SF
Price / SF$392.86
Days on Market4
Property Features for 208 VINE AVENUE #1 2 3 4
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Quadruplex
Occupancy
50%
Units
Unit Mix
1 x 3BR/2BA, 3 x 1BR/1BA
Multifamily Units
4
Amenities
original hardwood floors
formal dining room
spacious living room
additional sitting area
private laundry
newer central AC system
updated appliances in select units
on-site parking
privacy fencing on three sides
mature bamboo and palm trees
0.12 acres, Dimensions: 50x100
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 10-29-15-22518-000-0190, Public Survey Range: 15, Public Survey Section: 10, Annual Amount: $7,934.4, Tax Block: 19, Tax Book Number: 3-40, Legal Description: DREW PARK LOT 19, Lot: 19, Year: 2025
Wood
Gross Income: $31,200
Central Air
Central
Inside
Listing ID: MFRTB8557917, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-10-16, 1 day on market, Special Conditions: None
Elementary School: Sandy Lane Elementary-PN, Middle School: Dunedin Highland Middle-PN, High School: Clearwater High-PN
6 total bedrooms
Built in 1920, Living area: 1820, Living area units: Square Feet, Construction Materials: Frame
Subdivision: DREW PARK, MLS Area (Major): 33755 - Clearwater, County/Parish: Pinellas
Completed
5 total bathrooms
BB/HS Internet Available, Cable Available, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Crawlspace
Allowed: Yes
Road Surface: Asphalt
Patio/Porch Features: Patio, Courtyard, Fence, Sidewalk
Ninguno
Range, Refrigerator
Building Details
Year Built
1920
Listing Agency:
LPT REALTY, LLC.
(877) 366-2213
Listed By:
Matthew Kallenbach · License #3492301
(727) 877-9176
Source:
Miharaandassociates
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 8:17AM
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 LPT REALTY, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit property combines a main residence with three separate apartments. The main home has three bedrooms and two bathrooms, original hardwood floors, a formal dining room, living room, additional sitting area, and private laundry. The apartments each have one bedroom and one bathroom; two are upstairs and one is downstairs. The property totals 1,820 square feet and was built in 1920.
Two units are tenant-occupied, while the main home and one apartment are vacant. Other property features include a newer central AC system, updated appliances in select units, on-site parking, and privacy fencing on three sides. Bamboo and palm trees are also present on the grounds.
The property is in Clearwater, minutes from Clearwater Beach and the Gulf beaches, with shopping, dining, entertainment, hospitals, museums, and major roadways described as nearby.
Two units are tenant-occupied, while the main home and one apartment are vacant. Other property features include a newer central AC system, updated appliances in select units, on-site parking, and privacy fencing on three sides. Bamboo and palm trees are also present on the grounds.
The property is in Clearwater, minutes from Clearwater Beach and the Gulf beaches, with shopping, dining, entertainment, hospitals, museums, and major roadways described as nearby.
Key Highlights
- Four units: one 3‑bedroom, 2‑bath residence and three 1‑bedroom, 1‑bath apartments
- 1,820 square feet; built in 1920
- Two units are tenant‑occupied; the main residence and one apartment are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,103
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,060
$502.1K
Cap Rate 7%
$358,614
$358.6K
Cap Rate 9%
$278,922
$278.9K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$38.2K $21.00/SF
− Vacancy
−$2.4K −$1.30/SF
EGI
$35.9K $19.70/SF
− OpEx
−$10.8K −$5.91/SF
NOI
$25.1K $13.79/SF
Area
Clearwater, FL
Vacancy
6.17%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,060
Cap Rate 7%
$358,614
Cap Rate 9%
$278,922
Alternative Uses
Best Use
Multifamily LT 5
$358.6K
$313.8K – $418.4K
NOI $25,103 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$320.9K
$280.8K – $374.4K
NOI $22,462 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$510.6K
$446.8K – $595.7K
NOI $35,743 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
619
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
Frequently Asked Questions
What type of property is this?
Quadplex - A three-bedroom main home is accompanied by three separate one-bedroom apartments.
Where is this quadplex located?
The property is located at 208 VINE AVENUE #1 2 3 4 Clearwater, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Four units: one 3‑bedroom, 2‑bath residence and three 1‑bedroom, 1‑bath apartments; 1,820 square feet; built in 1920; Two units are tenant‑occupied; the main residence and one apartment are vacant
