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1335 Dr Martin Luther King Jr Street N, 
St Petersburg, FL 33701

$1,335,000


Bed


Bath


2,406

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Tyler Carpenter

Carpenter Realty Group

Last updated:

July 9, 2025, 05:29 PM

MLS#

TB8337653

Source:

MFRMLS

About This Home

1335 Dr Martin Luther King Jr Street N

This exceptional 6-unit mixed-use property in St. Petersburg’s coveted downtown 33701 zip code offers a rare combination of resilience, location, and income potential. With a prime location steps from Crescent Lake Park, just 1 mile from Central Avenue, and walking distance to Tropicana Field, this property is perfectly positioned to capitalize on the city's vibrant growth. Elevated 40+ feet above sea level, it sustained no interior hurricane damage and is zoned CRT-1, allowing flexible residential and commercial use. The owner most recently has operated it as a mid term rental, allowing 1-2 months stays. The property features a separately metered, detached block 2-car garage, providing an opportunity to expand the usable footprint or generate additional income. A studio unit on the third floor that offers breathtaking views of the St. Pete skyline and can be easily converted into a true 1-bedroom, 1-bathroom unit for additional added value. A new roof was installed in 2021, and the building currently utilizes central heating, with the potential to be upgraded to an efficient heat pump system for central air conditioning. Additionally, a property manager living next door is willing to remain on board for smooth operational continuity. Financially, the property is a proven performer, grossing over $125,000 last year, with detailed financial records available upon request. This is a rare opportunity to own a versatile and income-generating property in a highly desirable downtown location.

Home Facts

Multi-Family

Built in 1910

Price Summary

1,335,000

$554 per Sq. Ft.

MLS #:

TB8337653

Last Updated:

July 9, 2025, 05:29 PM

Added:

6 month(s) ago


Rooms & Interior

Interior

Living Area:

2,406 Sq. Ft.


Structure

Structure

Building Area:

3,802 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$1,335,000

Price per Sq. Ft:

$554 per Sq. Ft.

MLS Logo
The information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. Carpenter Realty Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Carpenter Realty Group, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

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