$695,000
1959 RAINBOW DRIVE
CLEARWATER, FL, 33765
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.
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.
Property Details
Price:
$695,000
MLS #:
TB8416109
Status:
Active
Beds:
30
Baths:
25
Address:
1959 RAINBOW DRIVE
Type:
Multi Family
Subdivision:
SKY CREST UNIT 7
Neighborhood:
33765 – Clearwater/Sunset Point
City:
CLEARWATER
Listed Date:
Aug 10, 2025
State:
FL
Finished Sq Ft:
2,931
ZIP:
33765
Lot Size:
11,888 sqft / 0.27 acres (approx)
Year Built:
1953
Units:
5
Schools
Interior
Cooling
Central Air, Mini- Split Unit(s)
Heating
Central, Other
Laundry Features
Common Area
Exterior
Construction Materials
Block
Exterior Features
Outbuilding
Roof
Shingle
Financial
Tax Year
2024
Taxes
$8,273
Mortgage Calculator
Map
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Courtesy of COASTAL PROPERTIES GROUP INTERNATIONAL. Disclaimer: All data relating to real estate for sale on this page comes from the Internet Data Exchange (IDX) Program of Stellar MLS. Detailed information about real estate listings held by brokerage firms other than Treasured Home Collection include the name of the listing broker. Neither the listing company nor Treasured Home Collection shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 1959 RAINBOW DRIVE
CLEARWATER, FL
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