1379 S Martin Luther King Jr Ave, Clearwater, Florida 33756

  • $449,000

Overview

Property ID: HZTB8447196
  • Triplex, Residential Income
  • Property Type
  • 5
  • Bedrooms
  • 3
  • Bathrooms

Description

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 Updates • Roof replaced in 2021 • A/C replaced in 2021 Contact your agent today to schedule a showing! Appointment Only ***Do Not Disturb Tenants**

  • Address: 1379 S MARTIN LUTHER KING JR AVENUE
  • City: Clearwater
  • State/county: FL
  • Zip/Postal Code: 33756
  • Country: US

Details

Updated on January 20, 2026 at 7:15 pm
  • Property ID HZTB8447196
  • Price $449,000
  • Land Area 0.12 Acres
  • Bedrooms 5
  • Bathrooms 3
  • Year Built 1940
  • Property Type Triplex, Residential Income
  • Property Status Canceled

Additional details

  • Listing Terms Cash, Conventional
  • Roof Shingle
  • Sewer Public Sewer
  • Cooling Central Air, Wall/Window Unit(s)
  • Heating Electric
  • County Pinellas
  • Property Type Residential Income
  • Community Features Street Lights

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Jamie Stevens

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