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$475,000

612 S LINCOLN AVENUE, CLEARWATER, FL 33756

Active88 days on market

Beds

5

Baths

2

Sq Ft

1,720 sq ft

Year Built

1963

Lot Size

0.15 acres

Garage

—

About This Property

Don't pass this up! Here is a rare investment opportunity for a duplex in Clearwater, Florida. This solidly built block structure is in an X flood zone, though a small corner of the property is in an AE zone. This duplex features two large dwellings, a three bedroom, and a two bedroom. Both units have been updated with pristine and durable tile floors, new kitchen and bathroom cabinets, stone counters, and stainless steel appliances. Each unit also has their own laundry room with ample room for extra storage. Proforma rents (previous rates) are $1,500 and $1,800 for the 2/1 and 3/1 respectively. Hurry up and don't let this 6.9 CAP Rate property slip by.

Property Overview

Property TypeResidential Income
Sub TypeDuplex
MLS #TB8493976
StatusActive
Year Built1963
ConstructionBlock
RoofBuilt-Up
FoundationSlab
SubdivisionLEMBO SUB
CountyPinellas
OwnershipFee Simple

Interior Features

InteriorKitchen/Family Room Combo, Stone Counters, Thermostat
LaundryLaundry Room
CoolingCentral Air
HeatingElectric

Exterior & Lot

ExteriorPrivate Mailbox
Lot Size0.15 acres (6,495 sq ft)
Lot Dimensions84 x 76
Road SurfaceAsphalt
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesCable Connected, Electricity Connected, Public, Sewer Connected, Water Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$475,000
Original Price$499,000
Annual Taxes$5,591 (2025)
Parcel #152915510660000120

Directions

From Gulf-to-Bay BLVD, turn S onto S. Lincoln Ave. Property will be on your right in 0.2 mi.

Location

612 S LINCOLN AVENUE, CLEARWATER, FL 33756

Listing Information

OfficeDALTON WADE INC
ListedApril 4, 2026

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Home Price

$475,000

20% ($95,000)
6.75%

Loan Term

Principal & Interest$2,465
Property Tax (est.)$435
Insurance (est.)$150
Total Monthly$3,050
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How to Buy This Home

Multiple financing options available for this $475,000 home in CLEARWATER.

🏛️

FHA Loan

$16,625 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$23,750 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Pinellas County SHIP

Varies

Income-qualifying Pinellas residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: October 3, 2026.

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