1506 N Madison Avenue
CLEARWATER, FL 33755
4
Bed
4
Bath
2,184Sqft
0.23Acre(Lot)
Investor opportunity in Clearwater! Rare four-unit multifamily property consisting of four 1-bedroom, 1-bath units at 1504–1510 N Madison Ave. The property offers strong income-producing and value-add potential and is located next to a neighborhood park with a playground, pavilion, picnic areas, and green space. The property needs a little TLC, allowing the next owner to make improvements, increase overall appeal, and potentially enhance future rental income. Conveniently located near Downtown Clearwater, shopping, dining, public transportation, major roadways, and Clearwater Beach. Ideal for a buy-and-hold investor, 1031 exchange buyer, or investor seeking a small multifamily property with upside potential. Please do not disturb the tenants.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedroom: 4Bathroom Information
Total Baths: 4Interior Features
Other Roof: Shingle Laundry Features: OtherRoofing Information
Shingle -
Flooring Information
Construction Materials: Block -
Heating & Cooling
Heating: Central Cooling: Central Air WaterSource: Public
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Building Information
Year Built: 1959 -
Exterior Features
Other Construction Materials: Block Foundation Details: Slab
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Lot Information
Lot Square Feet: 10197 Lot Acres: 0.23 Lot Size (SqMt): 947Property Information
Property Type: Residential Income Sub Type: Quadruplex
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Listing Price Information
Original List Price:$639000
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Tax Information
Tax Block: G Tax Book Number: 9-85 Tax Lot: 2 Tax Legal Description: FAIRMONT SUB BLK G, LOT 2 & N 1/2 OF LOT 3 Annual Tax: $5947 Tax Year: 2025 Parcel Number: 10-29-15-26892-007-0020
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Virtual Tour
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Utility Information
Public Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: FAIRMONT SUB City: CLEARWATER Direction: From Gulf-to-Bay Blvd/SR 60, travel north on N Fort Harrison Ave. Turn right onto Palmetto Street, then left onto N Madison Ave. Continue north to 1504–1510 N Madison Ave. The property is located beside the neighborhood park.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1466 Laura Street, Clearwater, FL, 33755 | $499,000 | 4 | 2 | 1,423 | 1,423 SqFt |
| 1429 Laura Street, Clearwater, FL, 33755 | $790,000 | 4 | 5 | 2,273 | 2,273 SqFt |
| 1186 Palmetto Street, Clearwater, FL, 33755 | $375,000 | 4 | 2 | 1,392 | 1,392 SqFt |
| 1630 Harbor Drive, Clearwater, FL, 33755 | $429,000 | 6 | 3 | 2,013 | 2,013 SqFt |
| 1920/1922 Springtime Av.., Clearwater, FL, 33755 | $599,000 | -- | -- | 1,600 | 1,600 SqFt |
| 1173 Granada Street, Clearwater, FL, 33755 | $618,000 | 6 | 2 | 2,064 | 2,064 SqFt |
| 411 Pleasant Street, Clearwater, FL, 33755 | $875,000 | 25 | 5 | 3,134 | 3,134 SqFt |
| 306 Marshall Street, Clearwater, FL, 33755 | $899,900 | 5 | 4 | 2,724 | 2,724 SqFt |
| 601 N Osceola Avenue, Clearwater, FL, 33755 | $449,000 | 3 | 3 | 1,847 | 1,847 SqFt |
Similar Multifamily To 1506 N Madison Avenue
Nearby For Sale
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Based on information submitted to the MLS GRID as of 08/12/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 08/12/2026 @ 18:20
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