$449,000
1379 S Martin Luther King Jr Avenue Clearwater, FL 33756
For Sale MLS# TB8447196
5 beds 3 baths 1,603 sq ft Multi-family
Details for 1379 S Martin Luther King Jr Avenue
MLS# TB8447196
Description for 1379 S Martin Luther King Jr Avenue, Clearwater, FL, 33756
Triplex Investment Opportunity in a prime location between downtown Clearwater and Belleair This rare triplex presents a cash flow opportunity for investors. Conveniently situated between downtown Clearwater and Belleair, the property boasts a superb location facing Lake Belleview and is directly across from Ross Norton Recreation Center and Ed C. Wright Park. A short drive will take you to some of the best beaches in the US at Clearwater, Belleair Beach, Indian Rocks Beach to name a few. The triplex is currently fully rented and ready for a new owner to benefit from its steady income with a CAP rate of ~8.7 calculated with the current rents, expenses and the asking price. It consists of three separate units: • Unit 1: 3 bedrooms, 1 bathroom — currently leased and occupied at $1,700 per month. • Unit 2: 2 bedrooms, 1 bathroom — leased and occupied at $1,800 per month. This unit has been recently remodeled. • Unit 3: Studio — leased at $1,100 per month. Recent Property Updates • Roof replaced in 2021 • A/C replaced in 2021 Contact your agent today to schedule a showing! Appointment Only ***Do Not Disturb Tenants**
Listing Information
Property Type: Residential, Triplex
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.12 Acres
Square Feet: 1,603 sq ft
Year Built: 1940
Construction: Wood Frame
Subdivision: Lakeview Heights
Foundation: Pillar/Post/Pier
Number Of Units Total: 3
County: Pinellas
Interior Features
Additional Interior Features: Other
Utilities
Water: Public
Sewer: Public Sewer
Cooling: Central Air, Wall/Window Unit(s)
Heating: Electric
Exterior / Lot Features
Roof: Shingle
Lot Dimensions: 50x103
Additional Exterior/Lot Features: Other
Community Features
Community Features: Street Lights
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1700
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1800
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1100
Unit 3 Baths Total: 1
Driving Directions
From S. Missouri Ave. turn west on Lakeview and then S. on S. Martin Luther King Ave. The property is on your left opposite the lake.
Financial Considerations
Terms: Cash,Conventional
Tenant Pays: Electricity
Gross Income: 55200
Tax/Property ID: 22-29-15-48978-006-0080
Tax Amount: 7484.52
Tax Year: 2024
A broker reciprocity listing courtesy: BLAKE REAL ESTATE INC
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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 1379 S Martin Luther King Jr Avenue
Sales History
| Date | Price | Change |
|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1379 S Martin Luther King Jr Avenue
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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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