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1335 Dr Martin Luther King Jr Street N

St Petersburg, FL 33701
  • $1,335,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: TB8337653
$1,335,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,406
    SQFT
  • $555
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1910
County:
Area:

School Ratings & Info

Description

This exceptional 6-unit mixed-use property in St. Petersburg's coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.

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© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-10T23:42:40.993.
www.homeinsarasotafl.com/homes/159369572
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1335 Dr Martin Luther King Jr Street N St Petersburg, FL 33701

  • Price: $1,335,000
  • Status: Active
  • On Site: 30 Days
  • MLS #: TB8337653
0
Beds
0
Baths
0
½ Baths
0.15
Acres
2,406
SQFT
$555
$/SQFT
1910
Built
Neighborhood:
East View Add
County:
Pinellas
Area:
St Pete
Property Description
This exceptional 6-unit mixed-use property in St. Petersburg's coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.
Exterior Features

Attached Garage Yn No Carport Yn No Construction Materials Wood Frame Covered Spaces 2 Exterior Features Sidewalk Foundation Details Crawlspace Lot Size Dimensions 52 x 123 Other Structures Storage Pool Private Yn No Road Surface Type Paved Roof Shingle View City Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 3802 Cooling Central Air Cooling YN Yes Fireplace Yn No Heating Central Heating YN Yes Interior Features Other Laundry Features Other Sewer Public Sewer Water Source Public

Property Features

Additional Lease Restrictions Zoning allows for short term rentals. Owner has operated as corporate housing specializing in 1-2 months stays. Annual Net Income 80762 Association Approval Required Yn No Association Yn No Cdd Yn No Flood Zone Code X Garage Yn Yes Lease Considered YN Yes Lease Restrictions YN No Listing Terms CashConventional Minimum Lease No Minimum New Construction Yn No Ownership Fee Simple Property Sub Type Multi Family Senior Community Yn No Special Listing Conditions None Tax Annual Amount 11368.08 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable ConnectedElectricity ConnectedWater Connected Yrs Of Owner Prior To Leasing Re No


Listing information © 2025 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of CARPENTER REALTY GROUP: 813-362-4586.



© 2025 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2025-02-10T23:42:40.993.
 
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