1. Florida
  2. Clearwater
  3. 1959 RAINBOW DRIVE
$695,000

1959 RAINBOW DRIVE, Clearwater, FL 33765

  • 30 beds |
  • 25 baths |
  • 2,931 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon0.27acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $237/sqft
  • Property List Date Icon Listed 7 days ago

Property Description

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 Airport, Downtown Clearwater, and is well-positioned between thriving residential and commercial corridors.

Listing Status:
Active
Date Added:
August 10, 2025 at 05:00AM
Listing Office:
COASTAL PROPERTIES GROUP INTERNATIONAL : 727-493-1555
Listing Agent:
Richard Koster : 727-423-5101
MLS ID:
TB8416109
  • General: Ninguno
  • Laundry: Common Area
  • A/C: Central AirMini-Split Unit(s)
  • Heating: CentralOther

This listing courtesy of Richard Koster, COASTAL PROPERTIES GROUP INTERNATIONAL

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Skycrest Elementary

10 N Corona Ave, Clearwater, FL, 33765

Grades PK-5

0.42 miles away

P

Plato Academy Clearwater

2045 Palmetto St, Clearwater, FL, 33765

Grades KG-8

0.85 miles away

C

Clearwater High School

540 S Hercules Ave, Clearwater, FL, 33764

Grades 9-12

0.23 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.