Build Smart in Clearwater: R-4 Multifamily Opportunity

Co-Living / Short Term Rental

This property is being offered for public online auction on GovDeals. Property auction is currently open for bidding and closes 1/6/2026; view here - https://govdeals.bid/3YHqn1r

Area: 0.22 Acres

Zoning: R-4 Residential (Multifamily Add-On) / Allowed Uses: 1–3 family, small MF (density/setbacks per code)

Build Smart in Clearwater: R-4 Multifamily Opportunity or Disrupt With a Co-Living Concept

Parcel #032915366660020080 – Sylvan Dr. Clearwater, Fl

This 0.22-acre parcel is zoned R-4 (One, Two, and Three-Family Residential District), offering a rare blend of flexibility, density, and location in a high-demand Gulf Coast market.

Allowed Uses:

One-family, duplex, and small multifamily (up to three units, subject to code)

Zoning Type/Subtype: Residential – Multifamily (Add-On)

What This Means for Investors

With nearly a quarter acre and R-4 zoning, this parcel is well suited for:

A duplex (live-in + rent or full rental)

Co-Living Concept

A hybrid strategy (short-term, mid-term, or long-term rentals, per city regulations)

The lot size supports efficient building layouts, parking, and setbacks—key for build-to-rent or small multifamily strategies in Clearwater.

Investor Takeaway:

A 0.22-acre R-4 parcel in Clearwater delivers:

✔️ Multiple income configurations

✔️ Strong rental demand near beaches and downtown

✔️ High resale liquidity in a supply-constrained market

Please see auction page for additional information and to place your bids on this property! 

This residential real estate auction is being held online on GovDeals.

Auction #24117-75, ending 1/6/2025.

To see full details, additional photos and current bid, please use this link -  https://govdeals.bid/3YHqn1r

***GovDeals.com - Bid on Government Auctions to buy Government Surplus.***