UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,770 sqft
Subdivision Arcadia Sub
MLS Listing ID MFRTB8560486
Bedrooms 6
HOA Y/N No
Year Built 1915
Annual Tax Amount $9,410
Tax Year 2025
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 90x129
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
FOUR UNITS. TWO DETACHED BUILDINGS. OVERSIZED TWO-CAR GARAGE. ONE INCREDIBLE OPPORTUNITY! Welcome to 4601 Dr. 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.
Location
State FL
County Pinellas
Community Arcadia Sub
Area 33703 - St Pete
Direction N
Interior
Interior Features Ceiling Fans(s), Primary Bedroom Main Floor
Heating Central, Electric, Ductless
Cooling Central Air, Wall/Window Unit(s)
Flooring Luxury Vinyl
Equipment Private Yard
Fireplace false
Appliance Dryer, Electric Water Heater, Microwave, Range, Washer
Laundry Inside, Outside
Exterior
Exterior Feature Private Yard
Garage Spaces 2.0
Utilities Available Public
Roof Type Shingle
Garage true
Private Pool No
Building
Lot Description Corner Lot
Entry Level Multi/Split
Foundation Block, Crawlspace
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Concrete,Vinyl Siding,Frame
New Construction false
Others
Pets Allowed Cats OK, Dogs OK, Yes
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8560486
