Prime St. Petersburg Investment Opportunity | Triplex with Mixed-Use Zoning and Commercial Potential Rarely available and ideally located, this income-producing triplex—comprised of 1919, 1922, and 1923 Dr. Martin Luther King Jr. Street South—offers a compelling opportunity in one of St. Petersburg’s most active growth corridors. Situated on a highly visible, high-traffic roadway just minutes from downtown St. Pete, this property is zoned for mixed use, allowing for future commercial, residential, or live/work development options. Currently configured as a three-unit residential property, the site provides strong rental income potential while offering long-term value as the area continues to evolve. The location is in close proximity to public transportation, including bus and trolley lines, and offers quick access to major highways, connecting easily to Tampa, the beaches, and beyond. Whether you’re an investor seeking solid cash flow, a developer exploring retail or office conversion, or a buyer looking to capitalize on the live/work trend, this property checks every box. It is located near college campuses, employment hubs, and established neighborhoods, further enhancing both tenant demand and commercial viability. Properties with this level of location, zoning flexibility, and visibility rarely come to market—don’t miss this chance to secure a key piece of real estate in one of the fastest-growing areas in Pinellas County.
For sale
Price cut: $49.9K (7/24)
$450,000
1919 Dr Martin Luther King Jr St S #J, Saint Petersburg, FL 33705
--beds
0baths
1,956sqft
Est.:
Triplex, Multi Family
Built in 1950
-- sqft lot
$434,500 Zestimate®
$230/sqft
$-- HOA
What's special
Highly visible high-traffic roadway
- 77 days
- on Zillow |
- 190 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 11:57am
Listing Provided by:
Daniel Leutsch 352-586-5685,
LPT REALTY, LLC 877-366-2213,
Chasiti Conroy 813-480-8177,
LPT REALTY, LLC
Source: Stellar MLS,MLS#: TB8398976
Originating MLS: Orlando Regional

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Wall Units / Window Unit
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Other
Features
- Other
- Has fireplace: No
Interior area
- Total interior livable area: 1,956 sqft
Video & virtual tour
Property
Features
- Exterior features: Other
Lot
- Size: 6,168 Square Feet
- Dimensions: 64 x 100
Details
- Additional parcels included: NONE
- Parcel number: 253116193500040150
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Block
- Foundation: Block, Slab
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available, Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: CROMWELL HEIGHTS
HOA
- Has HOA: No
- Pet fee: $0 monthly
Location
- Region: Saint Petersburg
Financial & listing details
- Price per square foot: $230/sqft
- Annual tax amount: $2,685
- Date on market: 6/19/2025
- Cumulative days on market: 78 days
- Ownership: Fee Simple
- Total actual rent: 0
- Electric utility on property: Yes
- Road surface type: Concrete, Other
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