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1379 S MARTIN LUTHER KING JR AVENUE

Multi-family For Sale
$449,000

BTC: 4.81759657

ETH: 136.89024390

55 days
5 bds
1,603 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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**

Location

Florida • CLEARWATER • 33756 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
No Data
Year Built:
1940
Lot:
0.12 Acres
Heating:
Electric
Price/sqft:
$280
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Heating

    • Electric

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Other interior features

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 5

  • Property

    • Exterior Features: Other

    Lot

    • Lot: 0.12 Acres

    Other Property Information

    • Parcel Number: 222915489780060080

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Triplex

  • Utility

    • Street Lights

  • Other financial information

    • Annual tax amount: $7,485

  • Source details

    • MLS ID: TB8447196

    Other facts

    • Construction Materials: Wood Frame

    • Foundation Details: Pillar/Post/Pier

    • Laundry Features: None

    • Living Area: 1603

    • Water Source: Public

    • Lot Size Dimensions: 50 x 103

    • Subdivision Name: LAKEVIEW HEIGHTS

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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: BLAKE REAL ESTATE INC