1379 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL 33756
- $449,000
1379 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL 33756
- $449,000
Overview
- Triplex, Residential Income
- 5
- 3
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
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Address: 1379 S MARTIN LUTHER KING JR AVENUE
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City: Clearwater
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State/county: FL
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Zip/Postal Code: 33756
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Area: LAKEVIEW HEIGHTS
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Country: US
Details
Updated on January 17, 2026 at 12:46 am-
Property ID TB8447196
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Price $449,000
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Land Area 0.12 Acres
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Bedrooms 5
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Bathrooms 3
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Garage Size x x
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Year Built 1940
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Type Triplex, Residential Income
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Property Status Active
Additional details
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Listing Terms Cash,Conventional
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Roof Shingle
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Sewer Public Sewer
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Cooling Central Air,Wall/Window Unit(s)
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Heating Electric
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County Pinellas
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Property Type Residential Income
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Community Features Street Lights
Features
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Down Payment
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Monthly HOA Fees
Contact Information
View Listings- Real Estate Agent