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    Clearwater Triplex Investment Opportunity
    Updated: Apr 24
    Clearwater Triplex Investment Opportunity

    1965 RAINBOW Dr, Clearwater, FL 33765

    $539,900
    2,380 sqft
    Income‑producing triplex investment opportunity.
    Three separately rented units.
    Located in Clearwater, FL.
    Four bedrooms and three bathrooms total.
    Private fenced yard.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1965 RAINBOW Dr, Clearwater, FL 33765

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    • Est. Cap Rate

      6.1%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $469K
      Suggested

    • Property Type

      Duplex
      Built 1953
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    Value-Add Multifamily Opportunity
    Updated: May 28
    Value-Add Multifamily Opportunity

    7180 50TH AVENUE N, St Petersburg, FL 33709

    $600,000
    3,607 sqft 0.27 AC lot
    Value‑add opportunity with significant renovation potential for increased rental income or resale.
    Six existing units offer flexibility for rental income, owner‑occupancy, or house hacking.
    Spacious 0.27‑acre lot allows for potential expansion, redevelopment, or alternative uses (subject to county approval).
    Desirable central Pinellas County location near major roads, shopping, dining, and Gulf Coast destinations.
    Durable concrete block construction.
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    Income-Producing Quadruplex with Four Units
    Income-Producing Quadruplex with Four Units

    122 WERTZ DRIVE, Largo, FL 33771

    $749,000
    2,880 sqft 0.23 AC lot

    Four two-bedroom units with private fenced backyards and laundry; one unit is freshly prepared for immediate occupancy.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    3030 5TH STREET N, St Petersburg, FL 33704

    $1,545,000
    3,857 sqft 0.28 AC lot

    Four separately metered units with updated finishes, dedicated parking, private outdoor space, and a newly replaced roof and new AC systems.

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    Sunset Beach Multi-Unit Income Property
    Sunset Beach Multi-Unit Income Property

    40 77TH Ave, Treasure Island, FL 33706

    $1,399,000
    6,650 sqft 0.13 AC lot

    Steps from the beach, multi-unit property with income potential.

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    Renovated 6-Unit Multifamily Property
    Renovated 6-Unit Multifamily Property

    1102 SUNSET POINT ROAD, Clearwater, FL 33755

    $1,199,000
    3,633 sqft 0.42 AC lot

    Five of six units are occupied in a renovated, professionally managed six-unit property with ample on-site parking.

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    Six-Unit Multifamily with Parking
    Six-Unit Multifamily with Parking

    1102 SUNSET POINT ROAD, Clearwater, FL 33755

    $1,199,000
    3,633 sqft 0.42 AC lot

    Six renovated units on an oversized lot with abundant parking, including five occupied units and one available for showings.

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    St. Petersburg Multifamily Investment Opportunity
    St. Petersburg Multifamily Investment Opportunity

    3527 1ST AVENUE S, St Petersburg, FL 33711

    $1,200,000
    3,641 sqft 0.29 AC lot

    12-bedroom multifamily property near St. Petersburg's high-traffic corridor.

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    Oceanfront Condo-Hotel Residence
    Oceanfront Condo-Hotel Residence

    691 S GULFVIEW Blvd 1211, Clearwater, FL 33767

    $2,100,000
    1,698 sqft

    Oceanfront 12th-floor residence with resort amenities, concierge services, and full in-residence conveniences, offered fully furnished.

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    Sunset Beach Multi-Family Opportunity
    Sunset Beach Multi-Family Opportunity

    40 77TH AVENUE, Treasure Island, FL 33706

    $1,399,000
    5,168 sqft 0.13 AC lot

    Multi-family property near the beach with income potential.

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    Gulf Frontage Remodel Opportunity
    Gulf Frontage Remodel Opportunity

    19306 GULF BOULEVARD, Indian Rocks Beach, FL 33785

    $3,500,000
    4,695 sqft 0.05 AC lot

    Beachfront units on 50 feet of pristine Gulf frontage.

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    Historic Old Northeast Apartments
    Historic Old Northeast Apartments

    St Petersburg, FL 33704

    $2,500,000
    4,200 sqft

    Seven-unit multifamily property in St. Petersburg's Historic Old Northeast.

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    Sunset Beach Quadruplex Opportunity
    Sunset Beach Quadruplex Opportunity

    40 77TH AVENUE, Treasure Island, FL 33706

    $1,399,000
    5,168 sqft 0.13 AC lot

    Steps from the beach, multi-generational living plus income potential.

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    Waterfront Apartment Complex with Marina
    Waterfront Apartment Complex with Marina

    2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785

    $4,199,000
    5,932 sqft 0.44 AC lot

    Fully renovated waterfront apartment complex with eight units and six deepwater boat slips.

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    Triplex - ST PETERSBURG, FL
    Triplex - ST PETERSBURG, FL

    3030 5Th St N, St Petersburg, FL 33704

    $1,595,000
    3,857 sqft 0.28 AC lot

    Four-unit property in Allendale neighborhood with income potential.

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    Renovated Multifamily Near Indian Rocks Beach
    Renovated Multifamily Near Indian Rocks Beach

    206 22ND AVENUE, Indian Rocks Beach, FL 33785

    $2,300,000
    4,556 sqft 0.21 AC lot

    Fully renovated six-unit multifamily property near Indian Rocks Beach.

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    Waterfront Multifamily with Boat Slips
    Waterfront Multifamily with Boat Slips

    2307 BAY BOULEVARD, Indian Rocks Beach, FL 33785

    $4,199,000
    5,932 sqft 0.44 AC lot

    Fully renovated 8-unit waterfront apartment complex on three lots with a six-slip deepwater marina.

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    Park Shore Boutique Hospitality Offering
    Park Shore Boutique Hospitality Offering

    523 72ND AVENUE, St Pete Beach, FL 33706

    $4,875,000
    8,137 sqft

    19-unit hospitality property near the beach with diversified income.

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    Updated Four-Unit Multifamily Property
    Updated Four-Unit Multifamily Property

    1033 19TH AVENUE S, St Petersburg, FL 33705

    $649,999
    2,892 sqft 0.15 AC lot

    Renovated four-unit property near downtown St. Petersburg with income potential.

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    Treasure Island Income Investment Opportunity
    Treasure Island Income Investment Opportunity

    255 104TH Ave, Treasure Island, FL 33706

    $3,999,900
    7,800 sqft

    Licensed vacation rental building with four units near Treasure Island beaches.

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    Renovated Multifamily Near Indian Rocks Beach
    Renovated Multifamily Near Indian Rocks Beach

    206 22ND AVENUE, Indian Rocks Beach, FL 33785

    $2,300,000
    4,556 sqft 0.21 AC lot

    Six-unit multifamily property near beach with income potential.

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    Clearwater Beach Duplex Opportunity
    Clearwater Beach Duplex Opportunity

    664 MANDALAY AVENUE, Clearwater Beach, FL 33767

    $899,000
    1,888 sqft

    Income property one block from Clearwater Beach, perfect for rentals.

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    Corner Lot Duplex with Two Backyards
    Corner Lot Duplex with Two Backyards

    7301 8TH STREET N, St Petersburg, FL 33702

    $650,000
    1,901 sqft 0.22 AC lot

    Well-maintained duplex offers two separate 3BR/1BA units, each with a private carport and fenced backyard.

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    Duplex with Two Electric Meters
    Duplex with Two Electric Meters

    1193 & 1195 BASS BOULEVARD, Dunedin, FL 34698

    $675,000
    1,927 sqft 0.20 AC lot

    A cash-flowing duplex featuring separate electric meters and a remodeled unit, offering income-focused investment potential.

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    Pinellas County, FL Multifamily Properties Market Trends and Statistics

    Explore 305 multifamily properties for sale in Pinellas County, FL, showcased through 305 active listings on our real estate platform. These investment opportunities span a total of 829,552 square feet of properties for sale, with an estimated market value of $276,753,664.

    Sale prices for multifamily properties in Pinellas County, FL start at $62,000, averaging $1,397,745, and reaching up to $11,750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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