831 Grand Central Street, Clearwater, FL 33756
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by: bill kulaga
Office: agile group realty
MLS#:TB8505654
Source:MFRMLS
Price summary
- Price:$420,500
- Price per sq. ft.:$329.55
About this home
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 is estimated at approximately $2,500 per unit per month, depending on final use, condition, rental strategy, and market demand.
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....
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Home facts
- Year built:1946
- Listing ID #:TB8505654
- Added:1 day(s) ago
- Updated:May 06, 2026 at 07:06 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Flooring:Ceramic Tile
- Kitchen Description:Range, Refrigerator
- Living area:1,276 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1946
- Building area:1,276 sq. ft.
- Lot area:0.24 Acres
- Construction Materials:Block
- Exterior Features:Fence, Rain Gutters, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$420,500
- Price per sq. ft.:$329.55
- Tax amount:$3,975 (2025)
Features and amenities
- Appliances:Range, Refrigerator
- Laundry features:In Common Area
- Amenities:Cable Available, Electricity Available, Thermostat
- Pool features:Public Pool
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