Residential Income
New
For Sale
$809,900
4601 DR MARTIN LUTHER KING JR ST N, St Petersburg, FL 33703
A 1915-built property with a private yard and a mix of central and window-unit air conditioning.
Property Size2,770 SF
Days on Market4
Property Features for 4601 DR MARTIN LUTHER KING JR ST N
General Information
Standard status
Active
Size
2,770 SF
Property subtype
Quadruplex
Taxes and HOA fees
Annual Taxes
$9,033
Building Details
Building Size
2,770 SF
Year Built
1915
Listing Agency:
DALTON WADE INC
Listed By:
Carmen Pravia
(908) 397-0040
Source:
Judibeck
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 1:07AM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
This residential income property contains 2,770 square feet and dates to 1915. Interior features include a crawl space, central and ductless electric heating, and a combination of central air and wall or window units. A washer, electric dryer, water heater, microwave, and range are also present. The exterior includes an attached feature and a private yard.
The property is near the intersection of 46th Avenue North and Dr. Martin Luther King Jr. Street North in St. Petersburg. I-275 and 54th Avenue North provide the described approach to the area.
The property is near the intersection of 46th Avenue North and Dr. Martin Luther King Jr. Street North in St. Petersburg. I-275 and 54th Avenue North provide the described approach to the area.
Key Highlights
- 2,770‑square‑foot residential income property
- Built in 1915
- Private yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,476
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,520
$509.5K
Cap Rate 7%
$363,943
$363.9K
Cap Rate 9%
$283,067
$283.1K
Market Conditions
NOI Build-Up for 2,770 SF
Gross rent
$49.9K $18.00/SF
− Vacancy
−$3.5K −$1.28/SF
EGI
$46.3K $16.72/SF
− OpEx
−$20.8K −$7.52/SF
NOI
$25.5K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,520
Cap Rate 7%
$363,943
Cap Rate 9%
$283,067
Alternative Uses
Best Use
Apartment 5plus
$363.9K
$318.5K – $424.6K
NOI $25,476 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$720.5K
$630.4K – $840.6K
NOI $50,435 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
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Business Placement
Demographics for 33703, FL
23,948
Population
12,331
Households
1.9
Avg Household Size
45
Median Age
53%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
4,790
Density / Sq Mi
$96,795
Median Household Income
$56,760
Median Earnings
$1,569
Median Rent
$395,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A 1915-built property with a private yard and a mix of central and window-unit air conditioning.
Where is this residential income property located?
The property is located at 4601 DR MARTIN LUTHER KING JR ST N St Petersburg, FL.
What is the asking price?
The asking price for this property is $809,900.
What are key features of this property?
This property features: 2,770‑square‑foot residential income property; Built in 1915; Private yard
