$899,000
$51K PRICE DROP

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

Crescent Lake Neighborhood

Estimated payment $6,071/month

Total Views 7,846
4 Beds
2 Baths
2,208 Sq Ft
$407 Price per Sq Ft

Highlights

  • Property is near public transit
  • Living Room with Fireplace
  • High Ceiling
  • St. Petersburg High School Rated A
  • Wood Flooring
  • Solid Surface Countertops

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, Florida. 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 leased with long-term tenants in place, bringing in $63,000 of rental income annually. 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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,271

Year Built

  • Built in 1928

Lot Details

  • 6,434 Sq Ft Lot
  • Lot Dimensions are 50x130
  • West Facing Home
  • Fenced
  • Level Lot
  • Landscaped with Trees
  • Property is zoned MULTI-FAM

Parking

  • 3 Car Garage
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Wood Frame Window
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Wood Flooring
  • Crawl Space

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Courtyard
  • Covered patio or porch
  • Exterior Lighting

Schools

  • St. Petersburg High School

Utilities

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

Additional Features

  • 1,104 SF Accessory Dwelling Unit
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Intermont G L Hunts Div Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,271

Year Built

Built in 1928

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Siding
  • 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
  • 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 City: Lutz
  • Escrow Postal Code: 33558
  • Escrow State: FL
  • Escrow Street Name: Van Dyke Rd
  • Escrow Street Number: 5326
  • 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
  • MFR_InLawSuiteYN: 1
  • MFR_InLawSuiteDescription: 1 Bathroom,2+ Bedrooms,Attached,Kitchen,Private Entrance
  • MFR_InLawSuiteUnderAirSqFt: 1104.00
  • Attribution Contact: (305) 851-2820
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Flooring: Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Total Bedrooms: 4
  • Levels: Two
  • Stories: 2
  • Window Features: Drapes, Window Treatments, Wood Frames
  • Street Number Modifier: 1423
  • Additional Rooms: Den/Library/Office,Formal Dining Room Separate,Formal Living Room Separate,Interior In-Law Suite w/Private Entry
  • Living Area Meters: 205.13
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Courtyard, Lighting, Sidewalk
  • 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: Driveway, Garage Faces Rear, Off Street

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: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • 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
  • Fencing: Fenced
  • Lot Features: City Limits, Landscaped, Level, Near Public Transit, Sidewalk, Paved
  • 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
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer/buyer's agent to verify lease restrictions with the city of St Petersburg.
  • Month To Month Or Weekly YN: 0

Tax Info

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

Multi Family

  • Approval Process: Buyer/buyer's agent to verify lease restrictions and process with the city of St Petersburg.
  • Currency Monthly Rent Amt: 5250.00

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: TB8391638

Stellar MLS