1379 S Martin Luther King Jr Avenue, Clearwater, FL 33756

Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
1379 S Martin Luther King Jr Avenue,Clearwater, FL 33756
$449,000
  • 5 Beds
  • 3 Baths
  • 1,603 sq. ft.
  • Multi-family
  • Active
Listed by: conor oneill
Office: blake real estate inc
MLS#:TB8447196
Source:MFRMLS

Price summary

  • Price:$449,000
  • Price per sq. ft.:$280.1

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

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Home facts

  • Year built:1940
  • Listing ID #:TB8447196
  • Added:46 day(s) ago
  • Updated:December 30, 2025 at 01:08 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Living area:1,603 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1940
  • Building area:1,603 sq. ft.
  • Lot area:0.12 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$449,000
  • Price per sq. ft.:$280.1
  • Tax amount:$7,485 (2024)
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