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Ryan Ditmar

ryan@lineagere.com +1(407) 497-4717

$ 809,900

Est. payment | -/mo

6 Beds

5 Baths

2,770 SqFt

Save

$ 809,900

Est. payment | -/mo

Save

6 Beds

5 Baths

2,770 SqFt

Open House

Sat Oct 24, 2:00pm - 4:00pm

Sun Oct 25, 11:00am - 1:00pm

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,770 sqft

Price per Sqft $292

Subdivision Arcadia Sub

MLS Listing ID TB8560486

Bedrooms 6

HOA Y/N No

Year Built 1915

Annual Tax Amount $9,410

Lot Size 0.270 Acres

Acres 0.27

Lot Dimensions 90x129

Property Sub-Type Quadruplex

Source Stellar MLS

Property Description

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. 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

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

View Y/N No

Water Access No

Roof Type Shingle

Attached Garage true

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

Listed by Carmen Pravia DALTON WADE INC

NEARBY SCHOOL & BUSINESS

+1(407) 497-4717

ryan@lineagere.com

9209 Reymont Street, Orlando, FL 32827, United States

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4601 DR MARTIN LUTHER KING JR ST N St Petersburg, FL 33703