Come check out this awesome 4-plex with tons of up potential! The property is over a quarter acre and sits on a corner lot which allows each unit to really feel like it's own home. Due to this lot lay out, there are 2 driveways, a carport and a shed (approx 400 Sq Ft) which could easily be a garage. There are three 1 bed 1 bath units and one studio. Additionally there is a shared laundry. The carport and large shed are currently under utilized and not leased to any particular tenant, there is room for value add there. NEW ROOF from 2021. Three of the units have wall a/c and one has central air. ALL PAY THEIR OWN UTILITIES. Every unit has a backdoor and it would be very simple to fence in a private backyard for each unit. With a little improvement, this investment could really do well.
Features
3 bedrooms
4 bathrooms
directions_car1 carspace
2316 sq. ft. floor area
crop_free11870 sq. ft. lot size
cottageDuplex
Property history for 1945 Rainbow Drive
2026
Rented
Undisclosed
13 Apr 2026 by CAPSTONE REALTY & ASSOCIATES
2012
Rented
Undisclosed
29 Nov 2012 by STONEBRIDGE REAL ESTATE CO
Happy sellers in Clearwater
87%
sentiment_very_satisfied
87% of sellers in Clearwater reported that their sale price either exceeded or met their price expectations.
Clearwater stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 3 reviews in Clearwater over the last 12 months.
Local market activity for 3 bedroom duplexes in Clearwater
Sold
For Sale
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