Overview
- Updated On:
- September 21, 2026
- 4 Bedrooms
- 2,184 ft2
Description
Investor opportunity in Clearwater! Rare four-unit multifamily property consisting of four 1-bedroom, 1-bath units at 1504–1510 N Madison Ave. The property offers strong income-producing and value-add potential and is located next to a neighborhood park with a playground, pavilion, picnic areas, and green space.
The property needs a little TLC, allowing the next owner to make improvements, increase overall appeal, and potentially enhance future rental income. Conveniently located near Downtown Clearwater, shopping, dining, public transportation, major roadways, and Clearwater Beach.
Ideal for a buy-and-hold investor, 1031 exchange buyer, or investor seeking a small multifamily property with upside potential. Please do not disturb the tenants.
Address: 1504-1510 N MADISON AVENUE
City: CLEARWATER
Area: FAIRMONT SUB
State/County: Pinellas
Zip: 33755
Country: United States
Property Id: 100136719
Price: $639,000
Property Size: 2,184 ft2
Property Lot Size: 0 ft2
Bedrooms: 4
Building Area Total: 2496
Community Features: Association Recreation - Lease
Construction Materials: Block
Contract Status Change Date: 2026-08-01
Cooling: Central Air
Cumulative Days On Market: 13
Days On Market: 13
Directions: From Gulf-to-Bay Blvd/SR 60, travel north on N Fort Harrison Ave. Turn right onto Palmetto Street, then left onto N Madison Ave. Continue north to 1504–1510 N Madison Ave. The property is located beside the neighborhood park.
FoundationDetails: Slab
Heating: Central
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Other
ListAOR: Suncoast Tampa
ListAgentAOR: Suncoast Tampa
ListAgentEmail: propertiesbyjerome@gmail.com
ListAgentFullName: Jerome Thompson
ListAgentKey: 388d650dad7db0cbcb31d09f537f965d
ListAgentMlsId: 261518596
ListAgentPreferredPhone: 813-493-2208
ListOfficeKey: c6322f98fa7dc6103dcb473fda233d70
ListOfficeMlsId: 260011623
ListOfficeName: FUTURE HOME REALTY INC
ListOfficePhone: 813-855-4982
ListingContractDate: 2026-07-31
ListingId: TB8534856
ListingKeyNumeric: 801597267
ListingTerms: Cash, Conventional
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotSizeArea: 10197
LotSizeSquareFeet: 10197
LotSizeUnits: Square Feet
MLSAreaMajor: 33755 - Clearwater
MlsStatus: Active
NumberOfBuildings: 2
OnMarketDate: 2026-08-01
OriginalListPrice: 639000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: 102915268920070020
PhotosCount: 15
PostalCodePlus4: 2637
RoadSurfaceType: Asphalt
Roof: Shingle
STELLAR_AlternateKeyFolioNum: 29-15-10-26892-007-0020
STELLAR_AnnualNetIncome: 20280
STELLAR_BOMDate: 2026-08-28T04:00:00.000Z
STELLAR_CalculatedListPriceByCalculatedSqFt: 292.58
STELLAR_CensusTract: 262.00
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 639000
STELLAR_DPRURL: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8534856?w=Agent&skip_sso=true
STELLAR_DPRURL2: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8534856?w=Customer
STELLAR_DPRYN: 1
STELLAR_FloodZoneCode: X
STELLAR_FloodZoneDate: 2021-08-24
STELLAR_FloodZonePanel: 12103C0106J
STELLAR_ListOfficeContactPreferred: 813-855-4982
STELLAR_ListOfficeHeadOfficeKeyNumeric: 1038452
STELLAR_ListSource: MATRIX
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MlsMajorChangeType: Back On Market
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com, International MLS, Realtor.com, Zillow Rental, SkySlope Offers
Sewer: Public Sewer
SourceSystemKey: 801597267
SpecialListingConditions: None
StateOrProvince: FL
StreetDirPrefix: N
StreetName: MADISON
StreetNumber: 1504-1510
StreetNumberNumeric: 1504
StreetSuffix: AVENUE
TaxAnnualAmount: 5947
TaxBlock: G
TaxBookNumber: 9-85
TaxLegalDescription: FAIRMONT SUB BLK G, LOT 2 & N 1/2 OF LOT 3
TaxLot: 2
TaxYear: 2025
Utilities: Public
View: Park/Greenbelt
WaterSource: Public
YearBuilt: 1959
Other Features
Has a View
Has Cooling System
Has Heating System
Other
$3,276.28
per month
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance
$ 2,477.53
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