Four-Unit Quadplex with
New
For Sale
$715,000
208 VINE Avenue, Clearwater, FL 33755
Residential Income, CLEARWATER, FL
Property Size1,820 SF
Lot Size0.12 Acres
Price / SF$392.86
Days on Market3
Property Features for 208 VINE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 5, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 1, Bathroom 3
Patio and Porch features
Patio
Pets allowed
Yes
Interior features
Ninguno
Exterior features
Courtyard, Fence, Sidewalk
Fencing
Fenced
Appliances
Range, Refrigerator
Subdivision
DREW PARK
Elementary school
Sandy Lane Elementary-PN
Middle school
Dunedin Highland Middle-PN
High school
Clearwater High-PN
Directions
From Courtney Campbell Causeway (SR 60), head west toward Clearwater. Take the US-19 South exit and continue south to East Bay Drive (SR 686). Turn right onto East Bay Drive and continue west. Turn right onto Highland Avenue, then turn left onto 2nd Avenue NE. The property will be on your left.
Standard status
Active
APN
10-29-15-22518-000-0190
Size
1,820 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DREW PARK LOT 19
Tax Annual Amount
7934
Legal Description
DREW PARK LOT 19
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
hardwood floors
formal dining room
additional sitting area
private laundry
central AC
updated appliances
on-site parking
privacy fencing
mature bamboo and palm trees
Building Details
Year built
1920
Number of units
4
Flooring type
Wood
Building materials
Frame
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC.
(877) 366-2213
Listed By:
Matthew Kallenbach
(727) 877-9176
Added: Oct 16
Changed: Oct 18
Last Checked: Oct 18 at 12:06PM
MLS# TB8557917
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.
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Investment Insights
Based on property information with market context.
The 1,820-square-foot quadplex comprises a 3-bedroom, 2-bath main residence and three separate 1-bedroom, 1-bath apartments. Two units are tenant-occupied; the main home and one apartment are vacant. The property was built in 1920 and has wood flooring, central heating and air conditioning, a patio, and fencing on three sides. Range and refrigerator are among the listed appliances, with updated appliances noted in select units.
The 0.12-acre property is in Clearwater, with access to public water and sewer and cable availability. Clearwater Beach and other Gulf beaches, along with shopping, dining, entertainment, hospitals, museums, and major roadways, are described as minutes away.
The 0.12-acre property is in Clearwater, with access to public water and sewer and cable availability. Clearwater Beach and other Gulf beaches, along with shopping, dining, entertainment, hospitals, museums, and major roadways, are described as minutes away.
Key Highlights
- Four units: one 3‑bedroom, 2‑bath residence and three 1‑bedroom, 1‑bath apartments
- Two units are occupied; the main residence and one apartment are vacant
- 1,820 square feet on a 0.12‑acre lot
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.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,592
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A mix of occupied and vacant residences pairs rental income with on-site parking and central air conditioning.
Where is this quadplex located?
The property is located at 208 VINE Avenue 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; Two units are occupied; the main residence and one apartment are vacant; 1,820 square feet on a 0.12‑acre lot
