Florida
St Petersburg
1423 DR MARTIN LUTHER KING JR STREET N

$950,000

1423 DR MARTIN LUTHER KING JR STREET N, St Petersburg, FL 33704

4 beds |
2 baths |
2,208 sqft

Duplex
Built in 1928
6,534sqft lot
3 car garage
$430/sqft
Listed 2 months ago

Property Description

Investors or house-hackers! This is a must-see, beautifully renovated multi-family property located in the highly desirable Crescent Lake area of St Petersburg. This exquisite duplex offers two spacious 2 bed/1 bath units along with a detached 3-car garage, presenting a prime investment opportunity, as the property is currently zoned to construct up to 4 units. Currently bringing in $63,000 of rental income annually with long-term tenants in place. This historic home was fully renovated in 2022 up to today's standards. Upgrades included a new roof, new HVAC, new gas water heaters, new electrical throughout and plumbing updated as well. The kitchens in both units feature charming and modern updates including new cabinetry and new appliances. Open shelving and updated backsplashes add a touch of contemporary style. The bathrooms have been refreshed with new vanities while preserving the original tile and refinishing the cast iron tubs, highlighting the home's historic charm. Endless windows throughout both units let in the natural light complemented by stunning window treatments. The backyard features a shared laundry space in a covered area attached to the garage, and an expansive backyard perfect for entertaining! Both units also offer large front porches, ideal for relaxing with a morning coffee or evening drink. This exceptional property is a rare find and outstanding investment opportunity. Don’t miss the chance to make this stunning duplex your new venture!

Listing Status:: Active
Date Added:: May 30, 2025 at 05:00AM
Listing Office:: COMPASS FLORIDA LLC : 305-851-2820
Listing Agent:: Emma Yepsen Pardo : 518-423-8090
MLS ID:: TB8391593

General: Ceiling Fan(s)Crown MoldingEating Space In KitchenSolid Surface CountersSolid Wood CabinetsThermostatWindow Treatments
Rooms: Formal Living Room Separate
Appliances: DishwasherDryerMicrowaveRangeRefrigeratorWasher
Laundry: Common AreaOutside
Flooring: Hardwood
A/C: Central Air
Heating: Electric
Fireplace: Living RoomFireplace

This listing courtesy of Emma Yepsen Pardo, COMPASS FLORIDA LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Woodlawn Elementary

1600 16th St N, Saint Petersburg, FL, 33704

Grades PK-5

0.61 miles away

John Hopkins Middle School

701 16th St S, Saint Petersburg, FL, 33705

Grades 6-8

1.71 miles away

Pinellas Mycroschool of Integrated Academics and Technologie

840 3rd Ave S, Saint Petersburg, FL, 33701

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.