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    1203 E Dr Martin Luther King Jr Blvd Tampa, FL 33603

    Sponsored
    For Sale
    Pending
    $670,000

    Multi Family - TAMPA, FL

    Type:Single Family Attached
    Property size:
    4,476 SF
    Lot size:
    0.23 Acres
    Days on Market:
    113
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1203 E Dr Martin Luther King Jr Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Zoning
    CG
    APN
    A-07-29-19-4M5-000000-00001.0
    Size
    4,476 SF
    Lot size
    0.23 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1983
    Building materials
    Block
    Architectural style
    Other

    Demeter Properties Inc (813) 226-0687 [email protected]

    Listing agent Heidi Arnold (813) 226-0687 License #3245763

    Listing date Sep 15, 2025

    MLS# TB8389243 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Multi-Family Investment Opportunity

    This multi-family property presents an investment opportunity with two buildings ready to be completed for potential rental income. The property is located on a high-visibility corner lot. Building 1 is a duplex with two units, and Building 2 is a fourplex with four units, totaling six rental units. Updates include a permitted metal roof installed in 2019, individual electric panels for each unit, and separate water meters. The property is located in a high-traffic area with excellent exposure, near public transit, businesses, and other amenities. The property is sold As-Is, and the buyer would need to pull permits and complete some unfinished work. The seller is an investor and has never occupied the property. The lot size is 0.23 acres, and the property size is 4476 square feet. The zoning is CG.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.446818
    Latitude
    27.981289

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    FAQs

    What type of property is this?
    Quadplex - Six-unit multi-family property with high visibility and income potential.
    Where is this quadplex located?
    The property is located at 1203 E Dr Martin Luther King Jr Blvd Tampa, FL.
    What is the asking price?
    The asking price for this property is $670,000.
    What are key features of this property?
    This property features: - Income-producing opportunity with **6 total rental units (duplex and fourplex) ready for completion.**; - **Prime corner lot location at MLK Jr Blvd and N 12th St with high visibility and convenient parking.**; - Separate electric panels and water meters already installed for each unit.
    (813) 830-2832
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1203 E Dr Martin Luther King Jr Blvd Tampa, FL 33603
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