$449,000

1379 S Martin Luther King jr Ave Clearwater, FL 33756

Lake Belleview Neighborhood

Estimated payment $2,979/month

Total Views 1,997
5 Beds
3 Baths
1,603 Sq Ft
$280 Price per Sq Ft

Highlights

  • No HOA
  • Heating Available
  • 2-minute walk to Wright Park
  • Central Air

About This Home

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**

Listing Agent

Conor ONeill

BLAKE REAL ESTATE INC Brokerage Phone: 727-359-0388 License #3334690 Listed on: 11/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,485

Year Built

  • Built in 1940

Lot Details

  • 5,314 Sq Ft Lot
  • Lot Dimensions are 50x103

Home Design

  • 1,603 Sq Ft Home
  • Triplex
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Lakeview Heights Subdivision

Building Details

  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,485

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Frame
  • Fireplace: No
  • Living Area: 1603
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1940
  • Lot Size Sq Ft: 5314
  • Tenant Pays: Electricity
  • Status: Active
  • Street Direction: S
  • Ownership: Fee Simple
  • Escrow City: Clearwater
  • Escrow State: FL
  • Escrow Street Name: Court Street
  • RATIO Current Price By Calculate: 280.10
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 727-359-0388
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Other
  • Foundation Details: Pillar/Post/Pier
  • Total Bedrooms: 5
  • Living Area Meters: 148.92

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12103C0108J

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Street Lights
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Parcel Number: 22-29-15-48978-006-0080
  • Additional Parcels: No
  • Lot Dimensions: 50x103
  • Flood Zone Code: X

Multi Family

  • Gross Income: 55200
  • Number Of Units Total: 3
  • Total Num Buildings: 1
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 7484.52
  • Tax Block: F
  • Tax Book Number: 13-5
  • Tax Lot: 8

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2025 11/13/25 For Sale $449,000 +5.6% $280 / Sq Ft
03/02/2022 03/02/22 Sold $425,000 -0.9% $279 / Sq Ft View Prior Sale
01/20/2022 01/20/22 Pending -- -- --
12/30/2021 12/30/21 For Sale $429,000 +43.0% $281 / Sq Ft
04/02/2021 04/02/21 Sold $300,000 -3.2% $197 / Sq Ft View Prior Sale
04/01/2021 04/01/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $310,000 0.0% $203 / Sq Ft
07/09/2017 07/09/17 Off Market $1,150 -- --
04/10/2017 04/10/17 Rented $1,150 0.0% --
03/11/2017 03/11/17 Under Contract -- -- --
02/17/2017 02/17/17 For Rent $1,150 -- --
Source: Stellar MLS

Source: Stellar MLS

MLS Number: TB8447196

Stellar MLS
Florida Pinellas County Clearwater 33756 Lake Belleview

1379 S Martin Luther King jr Ave, Clearwater, FL

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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Conor ONeill
Listing Agent
Conor ONeill
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BLAKE REAL ESTATE INC
(727) 240-3833