Active
831 Grand Central St, Clearwater, FL 33756
MLS TB8536484
$374,500
Est. $2,050/mo principal and interest at 7.28% with 20% down
2 bd · 2.0 ba · 1,276 sqft · Single Family Residence
About this home
Rare Clearwater investment opportunity with multiple exit strategies. Whether you are an investor, builder, or end user looking for land value, rental potential, and future upside, this oversized property offers the flexibility to live, lease, expand, or redevelop in one of Clearwater’s active growth corridors. Situated on an 83’ x 127’ quarter-acre lot with rear alley access, this property is currently configured as a duplex with two 1- bedroom, 1-bath units. The property has no rental history due to owner use, but projected rental potential is estimated at approximately $2,500 per unit per month, depending on final use, condition, rental strategy, and market demand. The real value is in the land, zoning, and flexibility. The property offers potential for duplex, triplex, or fourplex use, giving a future owner several possible paths to increase value: maintain the existing duplex, live in one unit and rent the other, lease both units for income, explore conversion or expansion into a triplex or fourplex, or redevelop the oversized lot with new construction. Buyer should verify zoning, permitted uses, density, rental projections, and redevelopment options with the City of Clearwater. The existing block construction and recent updates — including HVAC, cabinetry, and appliances — allow for continued use while preserving long-term upside. This makes the property especially appealing for buyers who want income potential now with the ability to plan future improvements or redevelopment. Location continues to drive demand. The property is conveniently positioned within a short drive to Clearwater Beach and the Gulf, with easy access to Tampa International Airport, Downtown St. Petersburg, shopping, dining, and major employment corridors. This central location supports strong long-term rental appeal and future resale value. Large lots with this level of flexibility — live-in potential, income-producing use, and redevelopment upside — are becoming increasingly rare in Clea
Key facts
- Type
- Single Family Residence
- Size
- 1,276 sqft
- Bedrooms
- 2
- Bathrooms
- 2.0
- Avg. price per sqft
- $293
- County
- Pinellas
- MLS number
- TB8536484
- Status
- Active
- Property address
- 831 Grand Central St, Clearwater, FL 33756
Where is this home?
Common questions
How much is 831 Grand Central St, Clearwater, FL 33756 listed for?
831 Grand Central St, Clearwater, FL 33756 in Clearwater, FL is listed at $374,500 (about $2,050/mo principal and interest at 7.28% with 20% down).
How many bedrooms and bathrooms does 831 Grand Central St, Clearwater, FL 33756 have?
831 Grand Central St, Clearwater, FL 33756 has 2 bedrooms, 2.0 bathrooms, and 1,276 square feet.
Who can show 831 Grand Central St, Clearwater, FL 33756 in Clearwater?
Jonathan Loescher is a Tampa Bay Realtor and Loan Originator. He can tour this home, compare nearby listings, and work the financing with you.
Is there down payment assistance in Tampa Bay?
Some buyers qualify for down payment help. We check income, the house, and the first mortgage at consult. Homes for Heroes and the Buyer Credit are separate benefits, so we pick the one that actually helps your file.
What does the program savings comparison show?
It estimates cash to close or net proceeds under a typical split team, a portal-style path, and working with Jonathan as Realtor and Loan Originator. Figures are educational estimates, not a loan quote.
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