About 1335 Dr Martin Luther King Jr Street N
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.
Residential Income home for sale in ST PETERSBURG, FL at 1335 Dr Martin Luther King Jr Street N. This Residential Income home is priced at $555/sqft
Features of 1335 Dr Martin Luther King Jr Street N
MLS® # | TB8337653 |
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Price | $1,335,000 |
Bathrooms | 0.00 |
Square Footage | 2,406 |
Acres | 0.15 |
Year Built | 1910 |
Type | Residential Income |
Sub-Type | Multi-Family |
Status | Active |
Community Information: St Petersburg
Address | 1335 Dr Martin Luther King Jr Street N |
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Area | St Pete |
Subdivision | EAST VIEW ADD |
City | ST PETERSBURG |
County | Pinellas |
State | FL |
Zip Code | 33701 |
Amenities of 1335 Dr Martin Luther King Jr Street N
# of Garages | 2 |
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View | City |
Is Waterfront | No |
Has Pool | No |
Senior Community | No |
Interior of 1335 Dr Martin Luther King Jr Street N
Interior Features | Other |
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Heating | Central |
Cooling | Central Air |
Fireplace | No |
Exterior of 1335 Dr Martin Luther King Jr Street N
Exterior Features | Sidewalk |
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Roof | Shingle |
Foundation | Crawlspace |
Additional Information On 1335 Dr Martin Luther King Jr Street N
Date Listed | January 11th, 2025 |
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Days on Market | 30 |
Flood Zone Code | X |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
HOA Fees | 0.00 |
Listing Details
Office | CARPENTER REALTY GROUP |
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Map To 1335 Dr Martin Luther King Jr Street N, ST PETERSBURG
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