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1423 DR MARTIN LUTHER KING JR STREET N

Multi-family For Sale
$825,000

BTC: 10.85526316

ETH: 330.00000000

New
4 bds
2,208 sqft

Overview

Exceptional investment opportunity in the highly desirable Crescent Lake area of St. Petersburg. This beautifully renovated duplex features two spacious 2-bedroom, 1-bath units and a detached 3-car garage, offering flexibility for investors, owner-occupants, or future redevelopment potential. The property underwent an extensive renovation in 2022, including a new roof, HVAC, gas water heaters, electrical and plumbing updates. Both kitchens feature updated cabinetry and appliances, while the bathrooms combine modern updates with preserved historic character. Abundant windows provide natural light throughout, and both units feature large front porches. The backyard offers a shared laundry area, covered outdoor space attached to the garage, and plenty of room for entertaining. Current rents total $5,300/month. Both tenants are scheduled to vacate in October 2026, giving the next owner flexibility to establish new market rents, occupy a unit, or reposition the property. Conveniently located near Crescent Lake, downtown St. Petersburg, dining, shopping and entertainment.

Location

Florida • ST PETERSBURG • 33704 • Multi-family • For Sale

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1928
Lot:
0.15 Acres
Heating:
Central
Price/sqft:
$374
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$662,500
$467K – $802K
Confidence Low
List vs. estimate
$162K above estimate
List $825,000 · +24.5%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$373
+28.5% vs. city median $290
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$14,342
2025
Garage
3 car garage
All facts and features

  • Flooring

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Dryer

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Built-in Features

    • Ceiling Fan(s)

    • Crown Molding

    • Eating Space In Kitchen

    • Open Floorplan

    • Stone Counters

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Levels: Two

    • Exterior Features: Awning(s) / Balcony / Fenced / Garden / Sidewalk

    Lot

    • Lot: 0.15 Acres

    Other Property Information

    • Parcel Number: 183117431460000030

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Natural Gas Connected

    • Phone Available

    • Public

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $14,342

  • Source details

    • MLS ID: TB8549153

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Crawlspace

    • Fireplace Features: Decorative / Insert

    • Laundry Features: Laundry Room

    • Fireplace: Yes

    • Garage Spaces: 3

    • Garage: Yes

    • Living Area: 2208

    • Water Source: Public

    • Lot Size Dimensions: 50 x 130

    • Subdivision Name: INTERMONT G L HUNTS DIV

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33704
120
median $872K
Active
Same city
ST PETERSBURG
2,438
median $425K
Active
Same type
Multi-family
69
median $550K
Active
Similar price
$577K – $1.1M
438
median $729K
Active

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COMPASS FLORIDA LLC