$899,000
$51K PRICE DROP

1423 Dr Martin Luther King jr St N Saint Petersburg, FL 33704

Crescent Lake Neighborhood

Estimated payment $5,995/month

Total Views 10,357
4 Beds
2 Baths
2,208 Sq Ft
$407 Price per Sq Ft

Highlights

  • Property is near public transit
  • Living Room with Fireplace
  • Solid Surface Countertops
  • St. Petersburg High School Rated A
  • Wood Flooring
  • No HOA

About This Home

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 Agent

Emma Yepsen

COMPASS FLORIDA LLC Brokerage Phone: (305) 851-2820 License #3371485 Listed on: 05/30/2025

COMPASS FLORIDA LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,271

Year Built

  • Built in 1928

Lot Details

  • 6,434 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Fenced
  • Landscaped
  • Level Lot

Parking

  • 3 Car Garage
  • Common or Shared Parking
  • Ground Level Parking
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking
  • Deeded Parking

Home Design

  • Duplex
  • Bi-Level Home
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,208 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Drapes & Rods
  • Wood Frame Window
  • Living Room with Fireplace
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Property is near public transit

Schools

  • St. Petersburg High School

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 3,238 Sq Ft Building
  • Intermont G L Hunts Div Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,271

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Frame
  • Fireplace: Yes
  • Living Area: 2208
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1928
  • Building Area Total: 3238
  • Lot Size Sq Ft: 6434
  • Tenant Pays: Electricity, Gas
  • Directions to Property: From 22nd Ave N, head south on Dr M.L.K. Jr St N, home is on the left between 16th Ave N and 14th Ave N.
  • Status: Active
  • Street Post Direction: N
  • Ownership: Fee Simple
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 169647934
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 407.16
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: (305) 851-2820
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Flooring: Wood
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Total Bedrooms: 4
  • Levels: Two
  • Window Features: Drapes, Wood Frames
  • Street Number Modifier: 1423
  • Additional Rooms: Formal Living Room Separate
  • Living Area Meters: 205.13

Exterior Features

  • Exterior Features: Balcony, Courtyard, Fence, Lighting
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Patio
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Common, Deeded, Driveway, Garage Faces Rear, Ground Level, Off Street
  • Garage Spaces: 3

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Public, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Common Area, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Gas

Condo/Co-op/Association

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

Fee Information

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

Schools

  • High School: St. Petersburg High-PN

Lot Info

  • Zoning: MULTI-FAM
  • Parcel Number: 18-31-17-43146-000-0030
  • Additional Parcels: No
  • Lot Features: City Limits, Landscaped, Level, Near Public Transit, Sidewalk
  • Lot Dimensions: 50x130
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 598

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes
  • Total Actual Rent: 5250
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See City of St Petersburg for lease restrictions

Multi Family

  • Number Of Units Total: 2
  • Approval Process: See City of St Petersburg for lease restrictions and process
  • Total Num Buildings: 2
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 13270.61
  • Tax Block: 000
  • Tax Book Number: 1-43
  • Tax Lot: 3

Map

Range of Values:

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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 Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $899,000 -5.4% $407 / Sq Ft
05/30/2025 05/30/25 For Sale $950,000 +11.1% $430 / Sq Ft
07/21/2023 07/21/23 Sold $855,000 -5.0% $387 / Sq Ft
05/21/2023 05/21/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $899,900 +80.0% $408 / Sq Ft
06/21/2022 06/21/22 Sold $500,000 0.0% $226 / Sq Ft
06/21/2022 06/21/22 For Sale $500,000 -- $226 / Sq Ft
05/11/2022 05/11/22 Pending -- -- --
Source: Stellar MLS

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Source: Stellar MLS

MLS Number: TB8391593

Stellar MLS