$870,000
$899,000
3.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
6 Baths
4,000 SqFt
SOLD DATE : 04/28/2026
Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Multi-Family 5+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $217
Subdivision Sunset Point 2Nd Add
MLS Listing ID O6381692
Sold Date 04/28/26
Bedrooms 8
HOA Y/N No
Year Built 1925
Annual Tax Amount $12,506
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 120x65
Property Sub-Type Multi-Family 5+
Source Stellar MLS
Property Description
Exceptional investment opportunity in one of Clearwater's most desirable locations! 1871 Stevenson Ave is a fully leased 4-unit property generating $83,904 in gross annual income, ideally situated just minutes from Downtown Clearwater, Dunedin, award-winning Gulf beaches, and walking distance to the Pinellas Trail.
The property features a highly desirable unit mix of two 2-bedroom/1-bath units and two 2-bedroom/1.5-bath units. The two ground-floor units include in-unit washer and dryers, adding tenant convenience and rental appeal. All four units are currently rented, providing immediate cash flow, with one tenant on a month-to-month lease offering flexibility for repositioning or creative financing strategies.
This property sits on a rare double lot, presenting significant value-add potential. Investors can explore rent increases to align with market rates, renovate the existing two garage units for additional income, or consider redevelopment opportunities as new construction homes continue to elevate the surrounding neighborhood.
Located in a high-demand rental corridor near Dunedin, Downtown Clearwater, and the beaches, this is a prime opportunity for investors seeking stable income today with upside tomorrow.
Location
State FL
County Pinellas
Community Sunset Point 2Nd Add
Area 33755 - Clearwater
Interior
Interior Features Living Room/Dining Room Combo
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Fireplaces Type Decorative
Furnishings Unfurnished
Fireplace true
Appliance Dryer, Refrigerator, Washer
Laundry Laundry Room
Exterior
Exterior Feature Storage
Parking Features Driveway
Community Features Street Lights
Utilities Available Cable Available, Electricity Available, Electricity Connected, Public, Sewer Connected, Water Available, Water Connected
View Y/N 1
View Water
Roof Type Metal
Garage false
Private Pool No
Building
Entry Level Two
Foundation Crawlspace
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Stucco,Frame
New Construction false
Schools
Elementary Schools Sandy Lane Elementary-Pn
Middle Schools Dunedin Highland Middle-Pn
High Schools Dunedin High-Pn
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, Owner Financing, VA Loan
Listing Terms Cash, Conventional, FHA, Owner Financing, VA Loan
Special Listing Condition None
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© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with Andrew Cutrona BLUE PEAK REALTY LLC