$1,335,000
1335 Dr Martin Luther King Jr Street N, Saint Petersburg, FL 33701
$1,335,000
1335 Dr Martin Luther King Jr Street N Saint Petersburg, FL 33701
For Sale MLS# TB8337653
2,406 sq ft Multi-family
Details for 1335 Dr Martin Luther King Jr Street N
MLS# TB8337653
Description for 1335 Dr Martin Luther King Jr Street N, Saint Petersburg, FL, 33701
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.
Listing Information
Property Type: Residential, Multi Family
Status: Active
Lot Size: 0.15 Acres
Square Feet: 2,406 sq ft
Year Built: 1910
Garage: Yes
Construction: Wood Frame
Subdivision: East View Add
Foundation: Crawlspace
Number Of Units Total: 6
County: Pinellas
Additonal Room Information
Laundry: Other
Interior Features
Basement: Crawl Space
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Connected,Electricity Connected,Water Connected
Cooling: Central Air
Heating: Central
Exterior / Lot Features
Garage Spaces: 2
Roof: Shingle
Lot View: City
Lot Dimensions: 52x123
Out Buildings: Storage
Community Features
Community Features: Sidewalks
Driving Directions
Heading north on MLK, property will be on the right hand side.
Financial Considerations
Terms: Cash,Conventional
Gross Income: 128042
Tax/Property ID: 18-31-17-24174-000-0110
Tax Amount: 11368.08
Tax Year: 2024
Price Changes
| Date | Price | Change |
|---|---|---|
| 01/11/2025 08.43 AM | $1,335,000 |
A broker reciprocity listing courtesy: CARPENTER REALTY GROUP
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1335 Dr Martin Luther King Jr Street N
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
|---|---|---|
| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1335 Dr Martin Luther King Jr Street N
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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