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1959 RAINBOW DRIVE Clearwater, FL $ 680,000
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$ 680,000 Get more info
1959 RAINBOW DRIVE
$ 680,000
Back to search
Share Save

1959 RAINBOW DRIVE

Clearwater, FL, 33765
$ 680,000
Bedrooms6 Baths5.0 Sq 2,931

Monthly Estimate*

$ 4,242

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Multi-Family Home for sale in Clearwater, FL

for $680,000 with 6 bedrooms and 5 full baths. This 2,931 square foot home was built in 1953 on a lot size of 0.27.

Under contract-accepting backup offers. 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.

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Multi-Family Pending

Price

$ 680,000

Bedrooms

6

Full Bath

5

Property Type

Multi-Family

Taxes

$ 8,273

Style

Multi Family

Lot Size

0.27

Year Built

1953

Town/City

Clearwater

County/Region

Pinellas

MLS | Web ID

TB8416109
Features
Interior
Interior Amenities ninguno
Air Conditioning Y/N yes
Heating Y/N yes
Fireplace Y/N no
Laundry Features common area
Total Bedrooms 6
Total Baths 5
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General
Sewer public sewer
Heating central other
Cooling central air mini-split unit(s)
Utilities cable available electricity connected phone available sewer connected water connected
Roof shingle
Construction Materials block
Year Built 1953
Property Subtype multi family
Tax Year 2024
Ownership fee simple
County pinellas
New Construction no
Property Type residential income
HOA N
Subdivision Name sky crest unit 7
Garage Y/N no
Status pending
Directions from us 19 n. and gulf to bay blvd (sr60) head west on gulf to bay blvd.; head 1.59 miles on gulf to bay blvd and make a right on to s. aurora ave.; head 0.12 miles down s. aurora ave. until you get
City clearwater
Senior Community Y/N no
Number Of Units Total 5
MLS Area 33765 - clearwater/sunset point
Lot Size Units square feet
Lot Size Square Feet 11888
Carport Spaces 4
Carport Y/N yes
Listing Terms cash conventional other
Land Lease Y/N no
Tax Annual Amount 8273
Additional Parcels Y/N no
Virtual Tour https://www.propertypanorama.com/instaview/stellar/tb8416109
Building Area Units square feet
Living Area Units square feet
Standard Status pending
Occupancy Type tenant
Tax Lot 10
Legal Description sky crest unit no. 7 blk b lot 10
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
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Exterior
Exterior Amenities outbuilding
Water Source public
Lot Size Area 11888
Foundation Details slab
Number of Buildings 1
Lot Dimensions 135 x 88
Lot Size Acres 0.27
Road Surface Type asphalt
Private Pool no
Waterfront Y/N no
Covered Spaces 4
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Internal Only
Street Number 1 1959
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* Excluded Features
List By
Coastal Properties Group International

Broker

richie@richiekoster.com

Email

Affordability Calculator

$4,932
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,242
Monthly Property Taxes
$689
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
266288 Elementary School
265661 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/19/2025$680,000 -2.16% Price Down
8/10/2025$695,000 Listed Price

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1959 RAINBOW DRIVE, Clearwater, FL, 33765 is a Multi-Family Home for sale at $680,000 with 2,931 sqft and a lot size of 0.27. 1959 RAINBOW DRIVE has 6 bedrooms, 5.0 baths, and was built in 1953. The property's zip code is 33765 which is in Clearwater, FL

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