1221 E DR MARTIN LUTHER KING JR BOULEVARD Tampa, FL $ 437,000
1221 E DR MARTIN LUTHER KING JR BOULEVARD
$ 437,000
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1221 E DR MARTIN LUTHER KING JR BOULEVARD

Tampa, FL, 33603
$ 437,000
Bedrooms2 Baths1.0 Sq 756

Monthly Estimate*

$ 2,759

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Multi-Family Home for sale in Tampa, FL

for $437,000 with 2 bedrooms and 1 full bath. This 756 square foot home was built in 1920 on a lot size of 0.16.

Completely renovated freestanding office building located along one of Tampa’s fastest-growing commercial corridors. This move-in-ready property offers a modern, professional environment ideal for attorneys, real estate professionals, insurance agencies, accountants, consultants, medical users, and other professional office or service-based businesses. The thoughtfully designed interior features two private offices, a welcoming reception area, a renovated restroom, and a stylish coffee bar/break area with sink. Recent capital improvements include three new mini-split HVAC systems, a tankless water heater, new energy-efficient windows, luxury vinyl plank flooring, upgraded lighting, and contemporary finishes throughout, creating a turnkey workspace with minimal maintenance requirements. Situated on a generous 6,750± SF lot, the property also features a large, fully fenced backyard with the potential to accommodate approximately 10 additional parking spaces (subject to applicable approvals), providing flexibility for future expansion, additional parking, outdoor workspace, or equipment storage. Existing front parking offers convenient access for clients and employees. Strategically positioned on E. Martin Luther King Jr. Boulevard, the property provides excellent connectivity to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon Expressway, placing businesses within minutes of Tampa’s major employment centers and transportation routes. Adding to its investment appeal, the property is located within a federally designated Opportunity Zone, creating the potential for valuable tax advantages for qualified investors utilizing a Qualified Opportunity Fund. Buyers should consult their tax and legal advisors regarding eligibility and program requirements. Surrounded by ongoing residential, retail, commercial, and mixed-use redevelopment, this location continues to benefit from significant public and private investment, positioning the property for long-term appreciation and growth. Whether you’re an owner-user seeking a premium office location or an investor looking for a renovated asset in one of Tampa’s most active redevelopment corridors, this property presents an exceptional opportunity. Property Highlights Fully renovated freestanding office building Two private offices, reception area, restroom, and coffee bar Three new mini-split HVAC systems Tankless water heater New energy-efficient windows Luxury vinyl plank flooring and modern finishes 6,750± SF lot with large fenced backyard Potential for approximately 10 additional parking spaces (subject to approvals) Excellent visibility on E. Martin Luther King Jr. Boulevard Minutes to Downtown Tampa, Ybor City, Seminole Heights, I-275, I-4, and the Selmon Expressway Located within a federally designated Opportunity Zone

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Multi-Family Active

Price

$ 437,000

Bedrooms

2

Full Bath

1

Property Type

Multi-Family

Taxes

$ 1,683

Style

Duplex

Lot Size

0.16

Year Built

1920

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

TB8535299

Features
General
Sewer Public Sewer
Heating None
Cooling Mini-Split Unit(s)
Utilities Cable Available Electricity Available Phone Available
Roof Shingle
Appliances Tankless Water Heater
Zoning CG
Construction Materials Asbestos
Year Built 1920
Tenant Pays Water
Levels One
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
County Hillsborough
New Construction false
Property Type Residential Income
Subdivision Name UNPLATTED
Garage Y/N false
Other Structures Shed(s) Storage
Status Active
Directions From I-275 take Exit 46A for Dr. Martin Luther King Jr. Blvd. (SR 574) and head east. Continue approximately 1.5 miles. The property is located on the right at 1221 E. Martin Luther King Jr. Blvd. Tampa FL 33603. Or if approaching from Downtown Tampa: Driving Directions: From Downtown Tampa head north on N. Nebraska Ave. turn right onto E. Martin Luther King Jr. Blvd. (SR 574) and continue east. The property will be on the right at 1221 E. Martin Luther King Jr. Blvd. Tampa FL 33603.
City TAMPA
Senior Community Y/N false
MLS Area 33603 - Tampa / Seminole Heights
Lot Size Units Square Feet
Lot Size Square Feet 6750
Carport Y/N false
Listing Terms Cash Conventional FHA Other
Land Lease Y/N false
Tax Annual Amount 1683.2
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8535299
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 6750
Legal Description LOT BEG 712 1/4 FT W & 25 FT S OF NE COR OF NW 1/4 & RUN S 120 FT W 54.25 FT N 120 FT & E 54.25 FT TO BEG LESS NLY 6 FT FOR BUFFALO AVE R/W AND N 1/2 OF VACATED ALLEY ABUTTING ON S
Minimum Lease No Minimum
Water Access Y/N false
Water View Y/N false
Flood Zone Code X
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Interior
Interior Amenities Ninguno
Flooring Luxury Vinyl
Furnished Y/N Unfurnished
Air Conditioning Y/N true
Heating Y/N false
Fireplace Y/N false
Laundry Features None
Total Bedrooms 2
Total Baths 1
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Exterior
Exterior Amenities Dog Run Garden Private Entrance Private Mailbox Private Yard Storage
Parking Features Driveway Guest Oversized Parking Pad
Water Source Public
Lot Size Area 6750
Foundation Details Crawlspace
Number of Buildings 1
Spa false
Building Area Total 756
Lot Dimensions 54 x 125
Lot Size Acres 0.16
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
Number of Lots 1
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* Excluded Features
List By
eri@pegasusgroupus.com

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Affordability Calculator

$2,900
Per Month
95%
5%
0%
Monthly Principal & Interest
$2,759
Monthly Property Taxes
$140
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/3/2026$437,000 Listed Price

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1221 E DR MARTIN LUTHER KING JR BOULEVARD, Tampa, FL, 33603 is a Multi-Family Home for sale at $437,000 with 756 sqft and a lot size of 0.16. 1221 E DR MARTIN LUTHER KING JR BOULEVARD has 2 bedrooms, 1.0 baths, and was built in 1920. The property's zip code is 33603 which is in Tampa, FL