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1186 PALMETTO STREET

Multi-family Active With Contract
$375,000

BTC: 4.79447676

ETH: 148.19205691

New
4 bds
1,392 sqft

Overview

Under contract-accepting backup offers. Excellent investment or house hacking opportunity. This property has been taken down to its studs and renovated throughout. The property offers a traditional duplex building with one unit in the front and the second unit in the back. Both units have 2 beds and 1 bath. Additional property highlights include new impact windows, kitchens/baths, flooring throughout and separate parking pads for each unit. All major systems have been completed, including the roof, new electrical panel/rewire, new mini splits, and updated plumbing. The property also comes with a transferable warranty. Property is being delivered vacant, so whether you choose to live in one unit and rent the other or lease all units for maximum returns, this property is primed for strong passive income. Located 10 minutes to Clearwater Beach, 30 minutes to Downtown St. Pete and 25 minutes to Downtown Tampa and the International Airport, this property offers tenants the perfect balance of lifestyle and convenience, ensuring consistent demand and easy leasing.

Location

Florida • CLEARWATER • 33755 • Multi-family • Active With Contract

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1932
Lot:
0.12 Acres
Heating:
Other
Price/sqft:
$269
Cooling:
Mini-Split Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$445,000
$374K – $514K
Confidence Low
List vs. estimate
$70K below estimate
List $375,000 · -15.7%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$269
+1.8% vs. city median $264
Based on
9 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$2,157
2025
All facts and features

  • Flooring

    • Vinyl

    Heating

    • Other

    Cooling

    • Mini-Split Unit(s)

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Open Floorplan

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 102915850320010110

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Electricity Connected

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $2,157

  • Source details

    • MLS ID: A4701650

    Other facts

    • Construction Materials: Stucco / Wood Frame

    • Foundation Details: Crawlspace

    • Laundry Features: None

    • Living Area: 1392

    • Water Source: Public

    • Subdivision Name: SPRINGFIELD SUB 2

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33755
171
median $425K
Active
Same city
CLEARWATER
1,454
median $375K
Active
Same type
Multi-family
26
median $488K
Active
Similar price
$262K – $487K
373
median $374K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: REAL BROKER, LLC