USAFLClearwaterBoulevard Heights214 S Highland Ave

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$598,800

For Sale

10 months ago

214 S Highland Ave, Clearwater, FL

House

MLS® O6321854

5 Bed

4 Bath

2064 sqft

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 2064 sqft

Garage

Taxes $6,651

Days Active 293

Lot Size

Approx. Age 1952

Avg. Price Per Sqft $290

MLS® Number O6321854

Property Address: 214 S Highland Ave, CLEARWATER, FL, 33755-6321

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberO6321854

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1952

BasementCrawl Space

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jul 10, 2025List Date

$598,800List Price

Home Appraisal

This property is estimated to sell between: $598,000 and $784,000.

Similar properties in this area sold on average for: $721,666

Expected to sell very soon! Similar properties sold in 46 days. This home has been on eXp Realty for 293 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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