Coastal Quadplex With
411 PLEASANT Street, Clearwater, FL 33755
For Sale
$875,000
Under Contract
Residential Income, CLEARWATER, FL
Property Size3,134 SF
Lot Size0.13 Acres
Price / SF$279.20
Days on Market160
Property Features for 411 PLEASANT Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Pool private
Interior features
Exterior features
Appliances
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
community pool
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
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: Nov 9
Last Checked: Nov 9 at 8:06AM
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.
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Investment Insights
Based on property information with market context.
This 3,134-square-foot quadplex was built in 1951 and includes multiple apartment layouts, with three one-bedroom, one-bath residences, one two-bedroom, one-bath residence, and an efficiency apartment. The property has a private pool, courtyard, ceiling fans, electric central heating, vinyl and laminate flooring, and washer and dryer appliances. Block and stucco construction, a shingle roof, public water, and public sewer complete the core improvements.
The property is located in Clearwater, approximately 5–10 minutes from Clearwater Beach. Shopping, dining, entertainment, and tourist attractions are also identified nearby. The parcel encompasses 0.13 acres and is served by public utilities.
The property is located in Clearwater, approximately 5–10 minutes from Clearwater Beach. Shopping, dining, entertainment, and tourist attractions are also identified nearby. The parcel encompasses 0.13 acres and is served by public utilities.
Key Highlights
- 3,134‑square‑foot quadplex on a 0.13‑acre parcel
- Five‑apartment configuration with three 1‑bedroom units, one 2‑bedroom unit, and one efficiency apartment
- Private pool and courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,227
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,540
$864.5K
Cap Rate 7%
$617,529
$617.5K
Cap Rate 9%
$480,300
$480.3K
Market Conditions
NOI Build-Up for 3,134 SF
Gross rent
$65.8K $21.00/SF
− Vacancy
−$4.1K −$1.30/SF
EGI
$61.8K $19.70/SF
− OpEx
−$18.5K −$5.91/SF
NOI
$43.2K $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%
$864,540
Cap Rate 7%
$617,529
Cap Rate 9%
$480,300
Alternative Uses
Best Use
Multifamily LT 5
$617.5K
$540.3K – $720.5K
NOI $43,227 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$552.6K
$483.5K – $644.7K
NOI $38,680 @ 7.0% cap · market cap 4.42%
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.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
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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
$300,200
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Pinellas County, FL
Properties on Market for Quadplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Private pool, courtyard space, and in-unit laundry support resident convenience near Clearwater Beach.
Where is this quadplex 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: 3,134‑square‑foot quadplex on a 0.13‑acre parcel; Five‑apartment configuration with three 1‑bedroom units, one 2‑bedroom unit, and one efficiency apartment; Private pool and courtyard
