1959 Rainbow Drive, CLEARWATER, FL 33765

Local realty services provided by:Better Homes and Gardens Real Estate Atchley Properties
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1959 Rainbow Drive,CLEARWATER, FL 33765
$695,000
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  • 30 Beds
  • 25 Baths
  • 2,931 sq. ft.
  • Multi-family
  • Active
Listed by:richard koster
Office:coastal properties group international
MLS#:TB8416109
Source:MFRMLS

Price summary

  • Price:$695,000
  • Price per sq. ft.:$237.12

About this home

Welcome to 1959 Rainbow Drive—a versatile multifamily treasure nestled in the Sky Crest neighborhood of Clearwater. Built in 1953 and spread across a generous 0.27-acre lot, this solid stucco structure spans a spacious 2,931 square feet of living space . Ideal for investors or owner-occupiers seeking income potential, this property features multiple rentable units (two efficiencies, two one-bedroom units, and one two-bedroom unit), each consistently leased and generating reliable rental income. Amenities include: Ample parking: Carports accommodate three full-sized vehicles plus one compact car On-site laundry facility Simplified utilities: A single water meter covers the entire property, While each unit has its own electric meter. Move-in-ready status: All units are functional with tenants in place. This is a fully operational rental business and is non-distressed. Situated in a convenient Clearwater locale, the property offers easy access to Clearwater Beach, Tampa

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Home facts

  • Year built:1953
  • Listing Id #:TB8416109
  • Added:7 day(s) ago
  • Updated:August 14, 2025 at 12:11 PM

Rooms and interior

  • Bedrooms:30
  • Total bathrooms:25
  • Living area:2,931 sq. ft.

Heating and cooling

  • Cooling:Central Air, Ductless
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1953
  • Building area:2,931 sq. ft.
  • Lot area:0.27 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$695,000
  • Price per sq. ft.:$237.12
  • Tax amount:$8,273 (2024)
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