1216 FRANKLIN CIRCLE
CLEARWATER, FL 33756
About this home
Rare high-appreciation investment opportunity in downtown Clearwater! This property is located in a prime downtown location, with no HOA, and is in Flood Zone X. The property is a two-story duplex. Each unit is 1,080 sq ft and includes 2 bedrooms and 1 bathroom. There is also a detached garage of approximately 300 sq ft next to the main building. The seller has already completed the pre-construction site preparation and cleanup work and has obtained a complete set of architect-prepared, signed and sealed plans for permit application. The plans include the renovation design for the two existing residential units and the conversion of the detached garage into a third residential unit, including cabinetry, a bathroom with a shower, and living space. The buyer does not need to start from scratch. The key component—the architect-prepared, signed and sealed plans—has already been completed by the seller. The buyer only needs to prepare any additional supporting documents required by the City and submit them together with the plans for permit approval. The estimated permit review timeframe is approximately 3–4 weeks. Once the permit is approved, construction can begin according to the existing plans. Except for the roof, which was replaced in 2014, all other parts of the property require a full renovation. Upon completion of the planned renovation and conversion, the property is expected to become a fully renovated triplex with approximately 2,450 sq ft of total living space. Its resale value is expected to be significantly higher than comparable properties, and its long-term rental income potential is also very attractive. The seller accepts both cash and financed purchases. The property is suitable for contractors, investment-minded buyers, and buyers who may choose to occupy one of the units. Don't miss this rare investment opportunity.
Facts & features
Interior
- Bedrooms
- 4
- Bathrooms
- 2
- Living area
- 2,160 sqft
- Heating
- None, Wall Furnace
- Cooling
- None
- Flooring
- Other
- Features
- Other
Exterior & lot
- Lot size
- 4,866 sqft (0.11 ac)
- Roof
- Membrane
- Construction
- Block, Concrete
- Exterior
- Fence, Sidewalk
Parking
- Garage
- 1 space
Financial
- Annual tax
- $1,344 (2024)
- Price / sqft
- $157/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Electricity Connected, Public, Sewer Available, Sewer Connected, Water Available…
Property
- Property type
- Multi-Family
- Year built
- 1957
- Subdivision
- HIBISCUS GARDENS
- County
- Pinellas
Listing
- Status
- Active
- Days on market
- 5 days
- MLS #
- MFR802193612
- Source
- Stellar MLS
Listed by Jonathan Minerick · HOMECOIN.COM
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 26 comparable sales within 4 miles of CLEARWATER, FL, this home is priced under RENA ValiQ.
Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.
Estimate your monthly cost
PITI + HOA- Principal & interest
- $1,713/mo
- Property tax
- $112/mo
- Home insurance
- $200/mo
Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 8, 2026 | Listed | $338,800 | — |
NeighbourhoodSample data
Reference scores for CLEARWATER, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
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