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$695,000
4 Days On Site

1959 RAINBOW DRIVE
CLEARWATER, FL 33765

For Sale|Multi Family|Active
30
Beds
25
Total Baths
2,931
SqFt
$237
/SqFt
1953
Built
Subdivision:
SKY CREST UNIT 7
County:
Pinellas
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
1959 RAINBOW DRIVE1959 RAINBOW DRIVE1959 RAINBOW DRIVE1959 RAINBOW DRIVE
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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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Listing Snapshot
Price 
$695,000
Days On Site 
4 Days
Bedrooms 
30
Inside Area (SqFt) 
2,931 sqft
Total Baths 
25
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.27 Acres
Year Built 
1953
MLS® Number 
TB8416109
Status 
Active
Property Tax 
$8,273
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraiser
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Acres 
0.27
Carport 
4
Foundation 
Slab
Property Sub Type 
Multi Family
Sewer 
Public Sewer
Utilities 
Cable AvailableElectricity ConnectedPhone AvailableSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Cooling 
Central AirDuctless
Heating 
CentralOther
Laundry Features 
Common Area
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Exterior Features
Construction Details 
Block
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
33765 - Clearwater/Sunset Point
Roads 
Asphalt
Township 
29
Listing courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL 7274235101



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-08-15 02:12 AM EDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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