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115 N San Remo Avenue

Clearwater, FL 33755

14 beds
8 baths
8,230 sqft
12,767 sqft lot
$157 per sqft
1971 build
– on site

Prime 8-Unit Multifamily Investment Opportunity. Located in Clearwater’s vibrant East Gateway District, this 8-unit multifamily community is being offered for sale for the first time in 12 years. The property boasts a solid cap rate with a strong history of proven occupancy and considerable potential for increased rental income. Ideally located residents benefit from easy access to an array of amenities, including 82 restaurants, 19 grocery stores, and 14 parks, all within a one-mile radius. The world-class beaches of Clearwater are just minutes away, adding to the property’s appeal for both tenants and investors. Constructed in 1971, the property consists of a single two-story building set on a corner lot spanning 12,767 square feet. The building features a mix of 2 one-bedroom, one-bathroom units, each offering approximately 713 square feet of living space, and 6 spacious two-bedroom, one-bathroom units, each with around 1,085 square feet. Units are separately metered for water AND electric! All units are equipped with central air conditioning, ensuring tenant comfort year-round. Additional amenities include on-site laundry facilities, which are not currently in use by the owner and could be an additional income source, and ample on-site parking for residents.This is an excellent opportunity to acquire a well-maintained income-producing asset with immediate cash flow and the ability to capitalize on below-market rents, offering strong upside potential. Tenants are unaware of the sale, so showings are strictly drive-by only—please do not walk the property or disturb the tenants. All offers should be submitted subject to interior inspection. The listing agent has a complete package with current financials and the rent roll available upon request via email.

Listing courtesy of STELLAR_MLS / KELLER WILLIAMS ON THE WATER S

Last checked: Checking… • Last updated Feb 2, 2025 •

MLS# A4638720 —

The Building

Year Built:

1971
New Construction:

false
Construction Materials:

Block
Roof:

Shingle
Foundation Details:

Slab
# of Buildings:

1
Building Area Total:

9466
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Interior Features:

Ninguno
Fireplace:

false

Room Dimensions

Living Area:

8230
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

Starting from Downtown Clearwater, FL, head east on Cleveland Street toward S Myrtle Avenue. Continue straight on Cleveland Street, passing through the roundabout, and stay on this road for approximately 1.5 miles. After crossing over Missouri Avenue, continue heading east until you reach N Highland Avenue. Turn left onto N Highland Avenue and drive north for about half a mile. Then, make a right turn onto Drew Street and continue for roughly 0.7 miles. Turn left onto N San Remo Avenue, and you’ll find 115 N San Remo Avenue just a short distance ahead on your right-hand side.
Latitude:

27.967484
Longitude:

-82.777105
Coordinates:

-82.777105, 27.967484

The Property

Parcel Number:

142915387360010250
Property Type:

Residential Income
Property Subtype:

Multi Family
Lot Size Acres:

0.29
Lot Size Area:

12767
Lot Size SqFt:

12767
Lot Size Dimensions:

120 x 100
Lot Size Units:

Square Feet
Total Acres:

1/4 to less than 1/2
View:

false
Exterior Features:

Storage
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

X
Additional Parcels:

false
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

25
Tax Block:

A
Tax Legal Description:

HIGHLAND GROVES BLK A, LOTS 25 THRU 28 INCL
Tax Book Number:

6-75
Tax Annual Amount:

14472.29

Beds

Bedrooms Total:

14

Baths

Total Baths:

8

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Public
Sewer:

Public Sewer

Appliances

Laundry Features:

Laundry Room

The Community

Subdivision Name:

HIGHLAND GROVES
Senior Community:

false
Waterview:

false
Water Access:

false
Waterfront:

false
Pool Private:

false
Association:

false
Ownership:

Fee Simple

Parking

Garage:

false
Carport:

false

Extra Units

# of Units Total:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
2/2/25 Feb 2, 2025	Listed / Active	STELLAR_MLS	$1,299,000	282.1% (23.2% / YR)
12/2/12 Dec 2, 2012		STELLAR_MLS	$340,000

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This multifamily located in East Gateway District, Clearwater, FL 33755 is currently for sale for $1,299,000. 115 N San Remo Avenue is a 8,230 square foot multifamily with 14 beds and 8 baths that has been on Estately for 0 days. 115 N San Remo Avenue is in the East Gateway District neighborhood of Clearwater and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Clearwater High School, Skycrest Elementary School, and Oak Grove Middle School.

Listing Courtesy of: STELLAR_MLS and KELLER WILLIAMS ON THE WATER S.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.