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About this home
INVESTOR SPECIAL — fully remodeled TRIPLEX plus rentable RV pad on an oversized 0.37-acre double lot in unincorporated Pinellas County: no HOA, and short-term rentals ARE permitted. Income starts the day you close — an occupied unit paying $1,850/month plus the seller's offered 12-month leaseback at $1,550/month puts $3,400/month in place at closing, before a single new lease is signed. The rest of the upside is yours to switch on: the recently vacant 2/1 (last rented July-2027 for $1,700) is rent-ready against a $2,020 HUD Fair Market Rent, the occupied unit sits 28% below its $2,580 FMR, and the RV pad adds about $900/month once simple power and water hookups are completed. Fully leased, scheduled rents reach about $7,050/month ($84,600/year) — pro forma NOI of approximately $61,600/year, an 8.8% cap rate at list price. The heavy lifting is done: roof 2018 and solar 2021, both permitted on public record, plus fully remodeled interiors — tile floors, updated kitchens with granite island, updated baths — across two concrete-block buildings, 2,512 heated SF. Three self-contained units (a 2BR plus bonus room where one closet creates a legal third bedroom, and two 2/1s), each with central A/C and separately metered water and electric — tenants pay their own utilities. Total remaining scope roughly $0–10K: add the closet and barn door that finish the bonus room as a true third bedroom — making that unit a genuine 3/1 — and complete the simple power and water hookups for the RV pad. Minutes from US-19, St. Pete–Clearwater International Airport, downtown Clearwater, and the Gulf beaches, with deep rental demand across every strategy: buy-and-hold, DSCR buyers, house-hackers living in one unit while the others pay the mortgage, short-term rental operators, or 1031 exchange. Some exterior photos were taken prior to the 2021 solar panel installation.
Seven total bedrooms across units (unit breakdown: one 3-bedroom unit; two 2-bedroom units)
Bathrooms
Three total bathrooms across units (one 3-bedroom unit with 1 bath; each 2-bedroom unit has 1 bath)
Kitchen
Kitchen included in combined kitchen/family room layouts
Laundry & utility
Washer hookup
Electric dryer hookup
Laundry located inside
Flooring
Tile flooring
Block foundation
Heating & cooling
Central heating
Central air conditioning
Exterior features
Fenced lot
Private mailbox
Sidewalk
Paved road frontage
Lot dimensions approximately 60 x 267
Lot acreage between 1/4 and less than 1/2 acre
Home design
Triplex residential income property
Single-story building
Stucco exterior
Shingle roof
Parking
Parking pad
RV access/parking
Construction
Stucco construction
Shingle roof
Block foundation
Building area listed (per records)
Utilities
Public water
Public sewer
Cable available
Electricity connected
Sewer connected
Water connected
Three separate water meters
HOA & community
No HOA
Pets allowed
Financial info
Annual net income reported (multi-family): $42,600
Unit mix and current rents: one 3-bedroom unit rented at $1,850 (below HUD fair market); two 2-bedroom units — one leased back at $1,550/month, the other recently vacant was previously $1,700 (both below HUD fair market for 2-bedroom). Tenants to be inherited by buyer.
Other
Tenant pays electricity, sewer and water
Electricity and solar
View estimated energy costs and solar savings for this home
Knock Knock - Investment Opportunity! Remodeled 3-unit property on oversized lot in central Pinellas - fully occupied with month to month tenants! The front detached unit consists of a 2 bedroom, 1 bath home with bonus room, and both rear units are 1 bedroom, 1 bath. Situated on over 1/4 acre with plenty of parking and just across the street from PTEC campus. DOUBLE LOT, WAITING FOR ANOTHER ONE OR TWO BUILDINGS TO BE BUILT ON THE EMPTY LOT. See Survey attached.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
60 ft.
Lot depth
267 ft.
Lot size
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Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Pinellas County
APN
32-29-16-59436-007-0050
Parking Spaces
—
Basement
—
Accessible
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HOA Dues
—
Garage
—
Features
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Last updated by owner on Jan 25, 2025.
R-4
One, Two And Three-Family Residential District
The R-4, One, Two and Three-Family Residential District provides for areas where single-family, two-family and three-family dwellings are appropriate and desirable. It is intended that such areas be located in or near urbanized areas where a range of transportation options and urban services are readily available.
Permitted uses
Include but are not limited to:
Garden center
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Mixed use
Recreation
Communications tower
Park & open space
Climate risks
6/10 Flood Factor
Estimated 68-76% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
5 days above 107° expected this year, 16 days in 30 years
10/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Clearwater, FL • 33760
Average low and high temperatures (°F)
68
51
74
57
80
62
85
68
89
74
90
77
92
78
90
78
90
77
85
70
80
63
74
57
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
71/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
6.7 hrs
4.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 15501 61st St N
$659,654
$30K under list price of $690K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $375K to $780K.