About 115 N San Remo Avenue
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.
Features of 115 N San Remo Avenue
| MLS® # | A4638720 |
|---|---|
| Price | $1,299,000 |
| Sold Price | $1,100,000 |
| Sold Date | July 31st, 2025 |
| Bedrooms | 14 |
| Bathrooms | 8.00 |
| Square Footage | 8,230 |
| Acres | 0.29 |
| Year Built | 1971 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Sold |
Listing Details
| Office | KW SUNCOAST |
|---|
Listing Map
Neighborhood Information for 115 N San Remo Avenue
Low Residential Turnover, Coastal Area, Suburb of Tampa
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Saint Cecelia Interparochial Catholic - Preschool to 8Th Grade - Closest Elementry School |
1 Miles | |
|
|
Washburn Academy Private - Kindergarten to 12Th Grade - Closest Middle School |
1 Miles | |
|
|
Clearwater Intermediate School Public - 5Th Grade to 9Th Grade |
1 Miles | |
|
Clearwater Fundamental Middle School Public - 6Th Grade to 8Th Grade |
1 Miles | |
|
|
Delphi Academy Of Florida Private - Preschool to 12Th Grade |
1 Miles | |
|
Skycrest Elementary School Public - Preschool to 5Th Grade |
1 Miles | |
|
|
Clearwater Academy International Private - Preschool to 12Th Grade |
1 Miles |
School data provided by GreatSchools