Duplex Near Nature
2935 DR MARTIN LUTHER KING JR STREET S, St Petersburg, FL 33705
For Sale
New
$279,000
Built in 1956, the property sits on Dr. Martin Luther King Jr. Street South in St. Petersburg.
Property Size1,042 SF
Price / SF$267.75
Days on Market6
Property Features for 2935 DR MARTIN LUTHER KING JR STREET S
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Amenities
0.12 acres, Dimensions: 50x100
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 36-31-16-65358-011-0090, Public Survey Range: 16, Public Survey Section: 36, Annual Amount: $3,027.37, Tax Block: 11, Tax Book Number: 14-1, Legal Description: PALLANZA PARK REPLAT BLK 11, LOT 9, Lot: 9, Year: 2025
Vinyl
Central Air
Central, Electric
Laundry Room
Listing ID: MFRTB8563862, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-11-05, 1 day on market, Special Conditions: None
4 total bedrooms
Built in 1956, Living area: 1042, Living area units: Square Feet, Levels: One, Construction Materials: Frame
Subdivision: PALLANZA PARK REP, MLS Area (Major): 33705 - St Pete, County/Parish: Pinellas
1 total bathroom
Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Allowed: Cats OK, Dogs OK
Road Surface: Paved
Patio/Porch Features: Front Porch, None
Ceiling Fans(s), Open Floorplan, Stone Counters, Thermostat
Range, Refrigerator, Other equipment: None
Building Details
Year Built
Listing Agency:
PHILLIP SCOTT MANAGEMENT & INV
(727) 712-6073
Listed By:
Roy Degoa · License FL #3179366
(727) 519-5776
Source:
Miharaandassociates
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:04PM
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 PHILLIP SCOTT MANAGEMENT & INV
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Investment Insights
Based on property information with market context.
This duplex at 2935 Dr. Martin Luther King Jr. Street South in St. Petersburg was built in 1956. The property measures 1,042 square feet.
Lake Maggiore and Boyd Hill Nature Preserve are nearby. Dr. Martin Luther King Jr. Street South connects north toward downtown St. Petersburg, and the property also has access to I-275 and major roads. The Gulf beaches are described as a short drive away.
Lake Maggiore and Boyd Hill Nature Preserve are nearby. Dr. Martin Luther King Jr. Street South connects north toward downtown St. Petersburg, and the property also has access to I-275 and major roads. The Gulf beaches are described as a short drive away.
Key Highlights
- Duplex property built in 1956
- 1,042‑square‑foot property
- Near Lake Maggiore and Boyd Hill Nature Preserve
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,163
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,260
$243.3K
Cap Rate 7%
$173,757
$173.8K
Cap Rate 9%
$135,144
$135.1K
Market Conditions
NOI Build-Up for 1,042 SF
Gross rent
$18.6K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$17.4K $16.67/SF
− OpEx
−$5.2K −$5.00/SF
NOI
$12.2K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,260
Cap Rate 7%
$173,757
Cap Rate 9%
$135,144
Alternative Uses
Best Use
Multifamily LT 5
$173.8K
$152.0K – $202.7K
NOI $12,163 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$161.5K
$141.4K – $188.5K
NOI $11,308 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
291
Businesses Nearby
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Business Placement
Demographics for 33705, FL
27,915
Population
15,171
Households
1.8
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
5.6 sq mi
ZIP Area
4,985
Density / Sq Mi
$70,783
Median Household Income
$40,370
Median Earnings
$1,457
Median Rent
$321,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in St Petersburg, FL
Properties on Market for Duplexes in St Petersburg
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1956, the property sits on Dr. Martin Luther King Jr. Street South in St. Petersburg.
Where is this duplex located?
The property is located at 2935 DR MARTIN LUTHER KING JR STREET S St Petersburg, FL.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Duplex property built in 1956; 1,042‑square‑foot property; Near Lake Maggiore and Boyd Hill Nature Preserve
