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Three-Unit Triplex Investment

1379 S MARTIN LUTHER KING JR Ave Clearwater, FL 33756

1379 S MARTIN LUTHER KING JR Ave, Clearwater, FL, 33756
$445,000
For Sale
Claim this Listing
$445,000

Triplex with three separate residences, all tenant occupied, with lake-facing frontage across from a recreation center.

AddedJun 14
Days on Market32
Last RefreshJun 16 at 4:16 am

Property Features for 1379 S MARTIN LUTHER KING JR Ave

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1940

Listing office McPeak Real Estate Firm, Inc.

Listing date Jun 14, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of McPeak Real Estate Firm, Inc.


Investment Insights

Based on property information with market context.

This for-sale triplex includes three separate units configured as a 3-bedroom/1-bath, a 2-bedroom/1-bath, and a studio. Two of the units are currently leased and occupied, and the third unit is also leased. Unit 2 (2 bed/1 bath) has been recently remodeled. The property is set up as a straightforward, small multi-family investment with independent residential layouts for multiple tenant households.

The building is conveniently located between downtown Clearwater and Belleair. It faces Lake Bellevue and is directly across from Ross Norton Recreation Center and Ed C. Wright Park, with a park also on the other side of the street. Bike and walk scores are listed as 60 (Bikeable) and 70 (Somewhat Walkable), with a transit score of 34 (Some Transit).

This property is best suited for buyers seeking a tenant-occupied triplex with diversified unit mixes across three separate homes. Note that the units are currently leased and occupied, so please do not disturb tenants. Showings and underwriting should be coordinated with respect to tenant schedules.

Key Highlights

  • Triplex (3 separate residences) built in 1940, all tenant occupied—please do not disturb tenants.
  • Unit mix: 3BR/1BA, 2BR/1BA, and a studio; Unit 2 has been recently remodeled.
  • Current rents: $1,850/mo (3BR), $1,800/mo (2BR), and $1,100/mo (studio).

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Parking Lot & Garage Bakery Pet Grooming Service Butcher Locksmith Cafe & Coffee Shop Veterinary Clinic Grocery & Convenience Store Florist Fish Market

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

FAQs

What type of property is this?
Triplex - Triplex with three separate residences, all tenant occupied, with lake-facing frontage across from a recreation center.
Where is this triplex located?
The property is located at 1379 S MARTIN LUTHER KING JR Ave Clearwater, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Triplex (3 separate residences) built in 1940, all tenant occupied—please do not disturb tenants.; Unit mix: 3BR/1BA, 2BR/1BA, and a studio; Unit 2 has been recently remodeled.; Current rents: $1,850/mo (3BR), $1,800/mo (2BR), and $1,100/mo (studio).
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