# 1216 FRANKLIN Circle, Clearwater, FL 33756 > **TL;DR:** 4bd/2ba multi-family, $338,800 ($157/sqft), built 1957, 2,160 sqft. > Spa, Fireplace, View, 1-car garage. Est. $1,812/mo. Listed 82 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $338,800 | | Price/sqft | $157 | | Bedrooms | 4 | | Bathrooms | 2 full | | Square Feet | 2,160 | | Year Built | 1957 | | Lot Size | 4,792 sqft (0.11 acres) | | Stories | 1 | | Garage | 1-car | | Property Type | Multi-Family (Duplex) | | Status | Active Under Contract | | Days on Market | 82 | ## Why This Home Stands Out - **Views** - City ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,713 | | Estimated Insurance | $99 | | **Total** | **$1,812** | ## Key Amenities - Spa - Fireplace - View - 1-car garage ## Property Highlights - Built in 1957 - 0.11 acre lot - Fireplace ## Description ### Agent Description Under contract-accepting backup offers. 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. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2,450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. This property is especially well suited for a long-term rental owner seeking greater rental income from three residential units, an owner-occupant who plans to live in one unit while renting the others, or a contractor or experienced renovation professional seeking resale profit through the completion of the renovation. ## Location - **Address:** 1216 FRANKLIN Circle, Clearwater, FL 33756 - **County:** Pinellas - **Neighborhood:** HIBISCUS GARDENS - **Coordinates:** 27.963358, -82.786447 - **Google Maps:** https://www.google.com/maps?q=27.963358,-82.786447 ## Listing Agent - **Name:** Jonathan Minerick - **Brokerage:** homecoin.com - **Broker Phone:** (888) 400-2513 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1216-Franklin-Cir_Clearwater_FL_33756_M69622-23840?f=listhub&s=MFRMLSFL&m=TB8536909&c=propsimple) ## Photos ![1216 FRANKLIN Circle - Photo 1](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f150495596r.jpg) ![1216 FRANKLIN Circle - Photo 2](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f707699687r.jpg) ![1216 FRANKLIN Circle - Photo 3](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f967374758r.jpg) ![1216 FRANKLIN Circle - Photo 4](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f2316903769r.jpg) ![1216 FRANKLIN Circle - Photo 5](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f1930607586r.jpg) ![1216 FRANKLIN Circle - Photo 6](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f3794813275r.jpg) ![1216 FRANKLIN Circle - Photo 7](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f1088891884r.jpg) ![1216 FRANKLIN Circle - Photo 8](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f594608643r.jpg) ![1216 FRANKLIN Circle - Photo 9](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f3833201919r.jpg) ![1216 FRANKLIN Circle - Photo 10](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f64163987r.jpg) ![1216 FRANKLIN Circle - Photo 11](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f2510233074r.jpg) ![1216 FRANKLIN Circle - Photo 12](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f376471738r.jpg) ![1216 FRANKLIN Circle - Photo 13](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f2295309701r.jpg) ![1216 FRANKLIN Circle - Photo 14](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f4219230966r.jpg) ![1216 FRANKLIN Circle - Photo 15](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f3689427899r.jpg) ![1216 FRANKLIN Circle - Photo 16](http://lh.rdcpix.com/10362827c84bb95a9913b4439b26fd3dl-f2628994567r.jpg) --- **MLS#:** TB8536909 | **Updated:** 2026-10-21 **Source:** listhub *Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/1216-franklin-circle-clearwater-fl-33756-53f5e0058fdb462c8498245a4bafc4ff) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1216-franklin-circle-clearwater-fl-33756-53f5e0058fdb462c8498245a4bafc4ff#listing", "url": "https://www.propertysimple.ai/listing/1216-franklin-circle-clearwater-fl-33756-53f5e0058fdb462c8498245a4bafc4ff", "name": "1216 FRANKLIN Circle, Clearwater, FL 33756", "description": "Under contract-accepting backup offers. 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. 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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. A buyer may first renovate and rent the two existing residential units to begin generating substantial rental income, then convert the detached garage into a third residential unit according to their own timeline, subject to City approval. Upon completion of the planned renovation and conversion, the property would consist of three residential units with approximately 2,450 sq ft of total living space. The proposed three-unit configuration offers strong long-term rental income and appreciation potential. 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