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$639,000

1506 Madison Avenue

Clearwater, FL 33755

Listing updated: August 7, 2026 at 1:32 AM ET

Active

Listing courtesy of Future Home Realty Inc · Jerome Thompson · MLS #TB8534856 · Active · 813-855-4982

Beds

Baths

2,184

Sq Ft

0.23

Acres

1959

Built

◆$293/sqft

Quadruplex

Property type

1959

Year built

10,197 sqft

Lot size

$293

Price / sq ft

No HOA

HOA dues

Days on market

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$3,231

Property taxes$496

Home insurance (est.)$293

Down payment

20%

$127,800 downRate

6.5%

Term

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history5 days on market

Status: Active
Aug 2, 2026
Listed$639,000
Aug 1, 2026
Price increased$639,000

Facts & features

Property type: Residential Income
Sub type: Quadruplex
Status: Active
Days on market: 5
Subdivision: Fairmont Sub
County: Pinellas
Year built: 1959
Living area: 2,184 sq ft
Price/sq ft: $293
Building area: 2,496 sq ft (Public Records)
Lot size: 10,197 sq ft
Lot category: 0 to less than 1/4
Flood zone: X (12103C0106J)
Annual taxes: $5,947 (2025)
Parcel #: 10-29-15-26892-007-0020
MLS #: TB8534856

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Interior Details

Bedrooms: 4
Interior features: Other
Laundry: Other

Heating & Cooling

Heating: Central
Cooling: Central Air

HOA & Financial

Total monthly fees: $0/mo
Total annual fees: $0
CDD: No
Listing terms: Cash, Conventional
Ownership: Fee Simple

Exterior & Construction

Exterior features: Other
Construction materials: Block
Roof: Shingle
Foundation: Slab
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: Public

Listing Details

Listing date: 2026-07-31
On market date: 2026-08-01
Original list price: $639,000
MLS area: 33755 - Clearwater
Listing AOR: Suncoast Tampa
Status changed: 2026-08-02
Tax legal description: FAIRMONT SUB BLK G, LOT 2 & N 1/2 OF LOT 3

Flood risk

Minimal riskFEMA Zone XPanel 12103C0106J

Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

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.

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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.

Based on information submitted to the MLS GRID as of August 7, 2026 at 1:32 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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