OPEN HOUSE THIS WEEKEND! SATURDAY, OCTOBER 24TH, 2-4PM & SUNDAY, OCTOBER 25TH, 11AM-1PM! JUST LISTED AT $809,900 + UP TO $10,000 IN SELLER-PAID BUYER CLOSING COSTS OR INTEREST-RATE BUYDOWN! LIMITED-TIME INCENTIVE FOR CLOSINGS THROUGH DECEMBER 2026!
FOUR UNITS. TWO DETACHED BUILDINGS. OVERSIZED TWO-CAR GARAGE. ONE INCREDIBLE OPPORTUNITY! Welcome to 4601 Dr.… Read More Martin Luther King Jr St N, a rare FOURPLEX investment opportunity situated on a spacious CORNER LOT near the desirable Allendale Terrace neighborhood and just minutes from Downtown St. Petersburg!
Why settle for one income stream when you could have four? Featuring 6 bedrooms, 5 bathrooms, and approximately 3,645 SQ FT OF TOTAL GROSS BUILDING AREA across two separate buildings, this property offers an impressive combination of rental income potential, flexibility, and location. The layout includes three 1-bedroom/1-bathroom units and one spacious 3-bedroom/2-bathroom unit, ideal for investors looking to expand their portfolio or buyers interested in living in one residence while renting the others.
HERE'S WHERE THE OPPORTUNITY REALLY STANDS OUT: Approximately $86,100 IN POTENTIAL ANNUAL GROSS RENTAL INCOME, based on current, previous, and projected rents! Two units are currently rented, one is owner-occupied, and one is vacant, offering flexibility for the next owner. Beyond the income potential, the property sits on an oversized 11,561 sq ft corner lot and features an OVERSIZED TWO-CAR GARAGE OFFERING NEARLY 600 SQ FT OF SPACE, a standout feature providing valuable room for covered parking, storage, and more! The front building features a 2018 roof, while the rear building has a 2024 roof.
ocation is another major advantage! Situated alongside the charming Allendale Terrace neighborhood, you're conveniently close to Downtown St. Pete, local restaurants, shopping, entertainment, and everything that makes this area such a desirable place to live and invest.
Whether you're searching for a cash-flow opportunity, a potential 1031 exchange investment, or a house-hacking property where rental income can help offset your mortgage, this fourplex delivers the versatility investors and homeowners are looking for.
FOUR UNITS. PRIME ST. PETE LOCATION. STRONG INCOME POTENTIAL. Opportunities like this deserve a closer look. Schedule your private showing today!
Seller incentive of up to $10,000 toward allowable buyer closing costs or interest-rate buydown is subject to mutually agreed terms and lender approval. Read Less
Courtesy of DALTON WADE INC 888-668-8283
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Beds
6
Square Ft.
2,770
Lot Size
0.27 Acres
Year Built
1915
MLS Number
TB8560486
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Dryer, Electric Water Heater, Microwave, Range, Washer, Other equipment: Private Yard
Building
Built in 1915, Living area: 2770, Living area units: Square Feet, Levels: Multi/Split, Construction Materials: Concrete, Vinyl Siding, Frame
Cooling
Central Air, Wall/Window Unit(s)
Exterior Features
Private Yard
Floors
Luxury Vinyl
Foundation
Block, Crawlspace
Garage
2 spaces
Heating
Central, Electric, Ductless
Income
Gross Income: $86,100
Interior Features
Ceiling Fans(s), Primary Bedroom Main Floor
Laundry
Inside, Outside
Lot
0.27 acres, Dimensions: 90x129, Corner Lot
Pets Policy
Allowed: Cats OK, Dogs OK, Yes
Roof
Shingle
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 06-31-17-01368-007-0050, Public Survey Range: 17, Public Survey Section: 06, Annual Amount: $9,410.13, Tax Block: G, Tax Book Number: 8-34, Legal Description: ARCADIA SUB BLK G, LOTS 5 AND 6, Lot: 5, Year: 2025
Tenant Pays
Electricity
Utilities
Public, Water Source: Public, 4 separate electric meters
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Confirm your time
Fill in your details and we will contact you to confirm a time.