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$400,000
1 Day On Site

2000 DR MARTIN LUTHER KING JR STREET S
ST PETERSBURG, FL 33705

For Sale|Triplex|Active
6
Beds
3
Total Baths
2,260
SqFt
$177
/SqFt
1959
Built
Subdivision:
HOMEVILLE 2 ADD
County:
Pinellas
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
2000 DR MARTIN LUTHER KING JR STREET S2000 DR MARTIN LUTHER KING JR STREET S2000 DR MARTIN LUTHER KING JR STREET S2000 DR MARTIN LUTHER KING JR STREET S
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Incredible investment opportunity! Being offered for two months only or the sellers will move forward with the project themselves. Value-add triplex located in an Opportunity Zone and a HUB zone with CRT-1 zoning and NTM-1 overlay meaning tons of use options and increased density along with amazing tax efficiencies. All three units are 2BR/1BA units. Additionally. the property is BLOCK construction, NON-flood zone, and comes with a 2 car garage. The remodel is already in progress with STAMPED plans, framing nearly complete, HVAC/ductwork installed, and newer plumbing and electric. The City of St. Petersburg has APPROVED $98,000 in transferrable grant funding through the Rebates for Affordable Residential Rehabs (RRR) program toward the total remodel cost of $244,700 with a general contractor ready to start right away. In return, the property qualifies for 15 years of affordable housing rentals. Current affordable rent for 2BR units in 33705 is $2,343/month, meaning this property would generate around $85,000 in income per year and almost half of the remodel cost would be covered through the grant program. Call today and seize one of the most lucrative multifamily opportunities!

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Listing Snapshot
Price 
$400,000
Days On Site 
1 Day
Bedrooms 
6
Inside Area (SqFt) 
2,260 sqft
Total Baths 
3
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.11 Acres
Year Built 
1959
MLS® Number 
TB8418335
Status 
Active
Property Tax 
$3,235.43
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
12 hours agoListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
0.11
Attached Garage 
Yes
Foundation 
Slab
Garage 
Yes
Garage Spaces 
2
Parking 
Attached
Property Sub Type 
Triplex
Sewer 
Public Sewer
SqFt Total 
3058
Stories 
Two
Utilities 
Cable AvailableCable ConnectedElectricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Construction Details 
Block
Exterior 
LightingStorage
Roof 
Shingle
Community Features
MLS Area 
33705 - St Pete
Roads 
Asphalt
Township 
31
Listing courtesy of COMPASS FLORIDA LLC 9415397253



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-08-17 06:26 PM EDT

Neighborhood & Commute
Source: Walkscore
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