1423 DR MARTIN LUTHER KING JR STREET N
St Petersburg, FL 33704
$825,000
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.
Listing Courtesy of: COMPASS FLORIDA LLC
813-365-9935
| Listing Id: | TB8549153 |
|---|---|
| List Price: | $825,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 2 |
| Living Area: | 2,208 |
| Tax Annual Amount: | $14,342 |
| Lot Size Square Feet: | 6,434 |
| Lot Size Acres: | 0.15 |
| Waterfront?: | No |
| City: | St Petersburg |
| County Or Parish: | Pinellas |
| Subdivision Name: | Intermont G L Hunts Div |
| Postal Code: | 33704 |
| Year Built: | 1928 |
| Number Of Units Total: | 2 |
| Appliances: | Dryer, Microwave, Range, Refrigerator, Washer |
| Bathrooms Total Integer: | 2 |
| Building Area Units: | Square Feet |
| Foundation Details: | Crawlspace |
| Construction Materials: | Frame |
| Cooling: | Central Air |
| Fireplace Features: | Decorative, Insert |
| Directions: | From I-275, take the 22nd Ave N exit and head east. Turn right onto Dr. Martin Luther King Jr St N. Property will be on the right. |
| Exterior Features: | Awning(s), Balcony, Fence, Garden, Sidewalk |
| Flooring: | Wood |
| Garage Spaces: | 3 |
| Garage?: | Yes |
| Community Features: | Street Lights |
| Gross Income: | $63,600 |
| Heating: | Central |
| Interior Features: | Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Open Floorplan, Stone Counters |
| Laundry Features: | Laundry Room |
| Lease Term: | Twelve Months |
| Levels: | Two |
| Listing Contract Date: | 2026-09-14 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.15 |
| Lot Size Dimensions: | 50x130 |
| Postal Code Plus4: | 3317 |
| MLS Area Major: | 33704 - St Pete/Euclid |
| MLS Area Major: | 33704 - St Pete/Euclid |
| Original List Price: | $825,000 |
| Parcel Number: | 18-31-17-43146-000-0030 |
| Township: | 31 |
| Road Surface Type: | Asphalt |
| Roof: | Shingle |
| Listing Terms: | Cash, Conventional |
| Tax Year: | 2025 |
| Security Features: | Security System |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Tenant Pays: | Electricity, Sewer, Trash Collection, Water |
| Total Actual Rent: | $5,300 |
| Utilities: | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water Connected |
| Water Source: | Public |
| Number Of Lots: | 1 |
| Property Condition: | Completed |
| Public Survey Range: | 17 |
| Public Survey Section: | 18 |
| Possession: | Close Of Escrow |
| Alternate Key Folio Num: | 183117431460000030 |
| Annual Expenses: | 21450 |
| Annual Net Income: | 42150.00 |
| Association Approval Required Yn: | No |
| Association Fee Requirement: | None |
| Available For Lease Yn: | Yes |
| Calculated List Price By Calcula: | 373.64 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8549153?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8549153?w=Customer |
| Dpryn: | Yes |
| Flood Zone Code: | X |
| Green Verification Count: | 0 |
| Homestead Yn: | No |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 205.13 |
| Lot Size Square Meters: | 598 |
| Other Exemptions Yn: | No |
| Planned Unit Development Yn: | No |
| Realtor Info: | As-Is |
| Sdeo yn: | No |
| Terms Of Lease: | Gross Lease |
| Total Acreage: | 0 to less than 1/4 |
| Total Monthly Expenses: | 300 |
| Total Num Buildings: | 1 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-365-9935 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Fireplace?: | Yes |
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Property Last Updated: October 08, 2026 08:59 PM - ET
