- ERA
- Florida
- Clearwater
- 214 S Highland Avenue
214 S Highland Avenue, Clearwater, FL 33755
Local realty services provided by:ERA Advantage Realty, Inc.
Listed by: harry d'onofrio
Office: best homes, llc.
MLS#:O6321854
Source:MFRMLS
Price summary
- Price:$598,800
- Price per sq. ft.:$208.5
About this home
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 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.
Contact an agent
Home facts
- Year built:1952
- Listing ID #:O6321854
- Added:49 day(s) ago
- Updated:February 03, 2026 at 01:18 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Living area:2,064 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1952
- Building area:2,064 sq. ft.
- Lot area:0.35 Acres
Schools
- High school:Clearwater High-PN
- Middle school:Oak Grove Middle-PN
- Elementary school:Skycrest Elementary-PN
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$598,800
- Price per sq. ft.:$208.5
- Tax amount:$6,651 (2024)
New listings near 214 S Highland Avenue
- New
Listed by ERA$489,000Active3 beds 2 baths1,595 sq. ft.1416 S Evergreen Avenue, CLEARWATER, FL 33756
MLS# TB8471522Listed by: TOMLIN, ST CYR & ASSOCIATES LLC - New
$299,900Active2 beds 2 baths1,368 sq. ft.2733 Via Cipriani #830B, CLEARWATER, FL 33764
MLS# TB8465555Listed by: ENGEL & VOLKERS BELLEAIR - New
$60,000Active1 beds 1 baths747 sq. ft.215 S Mcmullen Booth Road #181, CLEARWATER, FL 33759
MLS# TB8471672Listed by: SEA GLASS FLORIDA PROPERTIES - New
$99,900Active1 beds 1 baths747 sq. ft.233 S Mcmullen Booth Road #43, CLEARWATER, FL 33759
MLS# TB8470279Listed by: RE/MAX REALTEC GROUP INC - New
$1,199,000Active2 beds 3 baths1,619 sq. ft.525 Mandalay Avenue #11, CLEARWATER BEACH, FL 33767
MLS# TB8471058Listed by: CORE FLORIDA REALTY - Open Sat, 11am to 1pmNew
$400,000Active2 beds 2 baths1,281 sq. ft.1736 Algonquin Drive, CLEARWATER, FL 33755
MLS# TB8470768Listed by: CANCELLI COASTAL REALTY - New
$399,900Active3 beds 2 baths1,432 sq. ft.1975 Temple Terrace, CLEARWATER, FL 33764
MLS# TB8470794Listed by: RE/MAX REALTEC GROUP INC - New
$1,649,000Active3 beds 3 baths2,241 sq. ft.145 Brightwater Drive #7, CLEARWATER BEACH, FL 33767
MLS# TB8471108Listed by: CHARLES RUTENBERG REALTY INC - New
$235,000Active2 beds 2 baths1,090 sq. ft.113 Island Way #241, CLEARWATER BEACH, FL 33767
MLS# TB8468180Listed by: COLDWELL BANKER REALTY - New
$424,990Active3 beds 2 baths1,872 sq. ft.1013 Magnolia Drive, CLEARWATER, FL 33756
MLS# C7520606Listed by: CAPE PREMIER REALTY