1379 S MARTIN LUTHER KING JR AVENUE, Clearwater, FL 33756

• 5 beds |
• 3 baths |
• 1,603 sqft

Property 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**

Listing Status:

Active

Date Added:

November 13, 2025 at 06:00AM

Listing Office:

BLAKE REAL ESTATE INC : 727-359-0388

Listing Agent:

Conor ONeill : 727-967-0928

MLS ID:

TB8447196

Interior

• General: Other
• Laundry: None
• A/C: Central AirWall/Window Unit(s)
• Heating: Electric

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: FramePillar/Post/Pier

Location

• Road/Access: Paved
• Originating MLS: Stellar MLS
• County: Pinellas

Lot

• Zoning: LAKEVIEW HEIGHTS BLK FLOT 822-29-15-48978-006-0080

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple

This listing courtesy of Conor ONeill, BLAKE REAL ESTATE INC