1423 DR MARTIN LUTHER KING JR STREET, Saint Petersburg, Florida, 33704

Listed by COMPASS FLORIDA LLC, Cash Ealey, 813-230-2447, cash.ealey@compass.com

$800,000

2,208 Sqft

0.15 Acres

4 bd

2 ba

#TB8549153

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.

PROPERTY FEATURES

Utilities : Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Public, Sewer Connected, Water Connected
Water Access : 0
Sewer : Public Sewer
Garage On Property : Yes.
Exterior Features : Awning(s), Balcony, Fence, Garden, Sidewalk
Road Surface Type : Asphalt
Roof : Shingle

Heating : Central
Cooling : Central Air
Construction Materials : Frame
Interior Features : Built-in Features, Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Open Floorplan, Stone Counters
Laundry Features : Laundry Room
Appliances : Dryer, Microwave, Range, Refrigerator, Washer
Flooring : Wood