1959 Rainbow Drive, Clearwater, FL 33765

Local realty services provided by:Better Homes and Gardens Real Estate Synergy
1959 Rainbow Drive,Clearwater, FL 33765
$680,000
Virtual Tour
  • 6 Beds
  • 5 Baths
  • 2,931 sq. ft.
  • Multi-family
  • Active
Listed by:richard koster
Office:coastal properties group international
MLS#:TB8416109
Source:MFRMLS

Price summary

  • Price:$680,000
  • Price per sq. ft.:$232

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

Contact an agent

contact an agent

Yes, I would like more information from BHGRE®. Please use and/or share my information with an BHGRE affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an BHGRE affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1953
  • Listing ID #:TB8416109
  • Added:58 day(s) ago
  • Updated:October 08, 2025 at 12:00 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:5
  • 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:$680,000
  • Price per sq. ft.:$232
  • Tax amount:$8,273 (2024)
MLS LogoThe information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Better Homes and Gardens Real Estate Synergy is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Synergy, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

New listings near 1959 Rainbow Drive