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214 S Highland Avenue

CLEARWATER, FL 33755
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Bed 5

Bed

Bath 4

Bath

SqFt2,064

Sqft

Acres0.35

Acre(Lot)

Exceptional Investment or Development Opportunity in Prime Clearwater Location Presenting a rare opportunity to acquire a high-potential triplex nestled on an expansive 15,033 sq ft corner lot in the highly sought-after Downtown Gateway area of Clearwater. This property offers immense promise for both investors seeking immediate returns or developers with an eye for future growth. Zoned to allow for the development of up to 7-8 additional units, this is an outstanding canvas for expansion or redevelopment. The Property: This distinctive triplex features three unique units, each with its own character and considerable income-generating potential. Unit 214B: A spacious 2-bedroom, 1.5-bath residence showcasing beautiful hardwood floors throughout, a generous master suite with a walk-in closet, and a charming bonus room with a cozy fireplace—perfect for a game room or home office. This unit rents for $2,500/month. Unit 212: A well-designed 1-bedroom, 1-bath unit with separate electric and water meters, offering flexibility for long-term tenants ($1600) or short-term rental opportunities. Ideal for an Airbnb or VRBO investment, with the potential to generate up to $2,000/month. Unit 214A: An efficiency/studio unit with a full bath, previously generating up to $2,200/month on Airbnb/VRBO. or Longterm rental for $1300 (Please note: Clearwater enforces a minimum 30-day rental restriction.) Also The property has availability for RV and jet ski parking to generate up to $2500 monthly creating a potential NOI of $82,600 and Cap rate of 6.8% While the property may require some TLC, it is brimming with potential. With shared utilities between Units 214A and 214B and independent meters for Unit 212, the layout is well-suited for various rental models. Additional Highlights: Central A/C in the 2-bedroom unit (installed in 2004), complemented by a mix of central and window units throughout. Roof replaced in 2017, ensuring peace of mind for the next owner. Detached storage shed/workshop on the vacant portion of the lot—an excellent space for additional storage or project use. Developer's Dream: Situated in Clearwater’s Downtown Gateway district, this property is zoned for up to 35 units per acre, which opens the door to potential development for up to 10 residential units (buyer to verify with the city). Whether you envision expanding the multifamily footprint or redeveloping for a larger project, this is a prime opportunity to capitalize on Clearwater's growing demand for residential space. Don't Miss Out: This is a rare investment opportunity in a flourishing area with excellent upside potential. Whether you’re looking for strong cash flow from current tenants or a high-potential development project, this property checks all the boxes. Confirm zoning, building codes, and permitting requirements with the City to ensure a seamless transition to your next vision.

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Detail Ic Property Details

Property Type : Residential Income

Price : $598,800

AD Id : 68698756

MLS Id : MFRO6321854

Beds : 5

Lot Size : 0.35 Acre

Living Area Size : 2,064

Year Built : 1952

County : Pinellas

Subdivision: Boulevard Heights

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Feature Features

  • Bedroom Information

    Total Bedroom: 5

    Bathroom Information

    Total Baths: 4

    Interior Features

    Ceiling Fans(s), Primary Bedroom Main Floor Roof: Shingle Appliances: Refrigerator Laundry Features: None

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Wood Construction Materials: Frame
  • Heating & Cooling

    Heating: Electric Cooling: Central Air, Wall/Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1952
  • Exterior Features

    Fence Construction Materials: Frame Foundation Details: Crawlspace, Stem Wall

  • Lot Information

    Lot Dimensions: 83x110 Lot Square Feet: 15033 Lot Acres: 0.35 Lot Size (SqMt): 1397

    Property Information

    Property Type: Residential Income Sub Type: Triplex

  • Listing Price Information

    Original List Price:$1200000

  • Tax Information

    Tax Block: D Tax Book Number: 7-54 Tax Lot: 3 Tax Legal Description: BOULEVARD HEIGHTS BLK D, LOTS 4 & 5 & S 28FT OF LOT 3 & S 10FT OF LOT 24 Annual Tax: $6650.74 Tax Year: 2024 Parcel Number: 14-29-15-10476-004-0040

  • School Information

    Elementary School: Skycrest Elementary-PN Junior High School: Oak Grove Middle-PN Senior High School: Clearwater High-PN
  • Utility Information

    Electricity Connected, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: BOULEVARD HEIGHTS City: CLEARWATER Direction: Head west on State Rd 60 W/Gulf to Bay Blvd toward Bayshore Trail. Turn right onto S Highland Ave. Destination on the left.
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ByOwner last updated this listing 06/18/2026 @ 18:20

MLS: MFRMLS #O6321854 LISTED BY: Harry D'Onofrio, BEST HOMES, LLC. 305-879-3707 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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