$420,500
831 Grand Central Street Clearwater, FL 33756
For Sale MLS# TB8505654
2 beds 2 baths 1,276 sq ft Multi-family
Details for 831 Grand Central Street
MLS# TB8505654
Description for 831 Grand Central Street, Clearwater, FL, 33756
Rare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater’s active growth corridors. Situated on an 83’ x 127’ quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1-bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential per unit per month depends on the final use, condition, rental strategy, and market demand. Inquire for details! The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clearwater. For the buyer looking to control land, create income, and unlock future value, this is a Clearwater opportunity worth serious attention.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 2
Bathrooms: 2
Lot Size: 0.24 Acres
Square Feet: 1,276 sq ft
Year Built: 1946
Stories: 1 Story
Construction: Block
Subdivision: Milton Park
Foundation: Slab
County: Pinellas
Additonal Room Information
Laundry: Common Area
Interior Features
Appliances: Range, Refrigerator
Flooring: Ceramic Tile
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Available,Sewer Connected,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Roof: Shingle
Lot Dimensions: 83x127
Additional Exterior/Lot Features: Fence, Rain Gutters
Community Features
Community Features: Sidewalks
Unit Information
Unit 1 Units Total: 2
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Driving Directions
NORTH ON MYRTLE TO RIGHT ON GRAND CENTRAL,PROPERTY ON RT SIDE
Financial Considerations
Terms: Cash,Conventional,FHA
Tax/Property ID: 21-29-15-58068-010-0030
Tax Amount: 3975.39
Tax Year: 2025
A broker reciprocity listing courtesy: AGILE GROUP REALTY
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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 831 Grand Central Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 831 Grand Central Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. 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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