214 S Highland Avenue Clearwater, FL 33755
For Sale MLS# O6321854
5 beds 4 baths 2,064 sq ft Multi-family
Details for 214 S Highland Avenue
MLS# O6321854
Description for 214 S Highland Avenue, Clearwater, FL, 33755
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.
Listing Information
Property Type: Residential, Triplex
Status: Active
Bedrooms: 5
Bathrooms: 4
Lot Size: 0.35 Acres
Square Feet: 2,064 sq ft
Year Built: 1952
Stories: 1 Story
Construction: Wood Frame
Construction Display: New Construction
Subdivision: Boulevard Heights
Foundation: Crawlspace,Stem Wall
Number Of Units Total: 3
County: Pinellas
Construction Status: New Construction
School Information
Elementary: Skycrest Elementary-Pn
Middle: Oak Grove Middle-Pn
High: Clearwater High-Pn
Interior Features
Appliances: Refrigerator
Flooring: Wood
Basement: Crawl Space
Fireplaces: Masonry
Additional Interior Features: Main Level Primary, Ceiling Fan(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Electricity Connected,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Lot View: Garden
Lot Dimensions: 83x110
Additional Exterior/Lot Features: Fence
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1300
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1600
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Units Total: 1
Unit 3 Actual Rent: 2500
Unit 3 Baths Total: 2
Unit 3 Beds Total: 3
Driving Directions
Head west on State Rd 60 W/Gulf to Bay Blvd toward Bayshore Trail. Turn right onto S Highland Ave. Destination on the left.
Financial Considerations
Terms: Cash,Conventional,FHA
Gross Income: 58000
Tax/Property ID: 14-29-15-10476-004-0040
Tax Amount: 6650.74
Tax Year: 2024
A broker reciprocity listing courtesy: BEST HOMES, LLC.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 214 S Highland Avenue
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 214 S Highland Avenue
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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