About 1379 S Martin Luther King Jr Avenue
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**
Residential Income home for sale in CLEARWATER, FL at 1379 S Martin Luther King Jr Avenue. This 5 bedroom Residential Income home is priced at $280/sqft
Features of 1379 S Martin Luther King Jr Avenue
| MLS® # | TB8447196 |
|---|---|
| Price | $449,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Square Footage | 1,603 |
| Acres | 0.12 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information: Clearwater
| Address | 1379 S Martin Luther King Jr Avenue |
|---|---|
| Area | Clearwater/Belleair |
| Subdivision | LAKEVIEW HEIGHTS |
| City | CLEARWATER |
| County | Pinellas |
| State | FL |
| Zip Code | 33756 |
Amenities of 1379 S Martin Luther King Jr Avenue
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Senior Community | No |
Interior of 1379 S Martin Luther King Jr Avenue
| Interior Features | Other |
|---|---|
| Heating | Electric |
| Cooling | Central Air, Wall/Window Unit(s) |
| Fireplace | No |
Exterior of 1379 S Martin Luther King Jr Avenue
| Exterior Features | Other |
|---|---|
| Roof | Shingle |
| Foundation | Pillar/Post/Pier |
Additional Information On 1379 S Martin Luther King Jr Avenue
| Date Listed | November 13th, 2025 |
|---|---|
| Flood Zone Code | X |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | BLAKE REAL ESTATE INC |
|---|