1221 E Dr Martin Luther King Jr Blvd, photo 1
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Overview

2 bd1 ba756 sqftDuplex
TypeDuplex
HOANone listed
Built1920
Lot6,750 sqft
Living area756 sqft
Price / sqft$501

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

NingunoDog RunGardenPrivate EntrancePrivate MailboxPrivate YardStorageTankless Water Heater

1221 E Dr Martin Luther King Jr Blvd is a 1920-built home in Unplatted, Tampa. Inside you'll find 2 bedrooms, 1 bathrooms, and 756 square feet of living space. Listed at $379,000 (about $501/sqft), 71 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Income-Producing Investment Opportunity – E. Martin Luther King Jr. Blvd, Tampa Situated on an approximately 6,750 SF lot, this income-producing commercial property offers much more than its building footprint. The oversized, fully fenced site combines a renovated office, ample parking, a large usable rear yard, outdoor storage and a dedicated storage shed—creating multiple ways for a tenant or owner-user to utilize the entire property and supporting strong rental potential of approximately $4,500/month ($54,000 annually). nvestment angle: A compact commercial asset with multiple usable components and the ability to generate approximately $54,000 in gross annual rental income—ideal for an investor looking for cash flow or an owner-user who wants to offset occupancy costs with a strategically located Tampa property. The property features a fully renovated office building with private offices, updated restroom, coffee bar, three mini-split HVAC systems, tankless water heater, new windows, upgraded lighting and modern flooring. The large fenced rear yard provides valuable additional utility, including outdoor storage plus one storage shed, creating flexibility for contractors, service businesses, trades, equipment storage or other commercial users. With potential rent of approximately $4,500 / month ($54,000 annually), the property offers compelling income potential relative to its size. The combination of office + secured outdoor storage + dedicated shed + parking allows an investor to market more than simply office space and potentially command a premium from users who need both workspace and storage. Additional highlights include high-visibility MLK frontage, approximately 4–5 front parking spaces, a large fenced rear area with potential for additional parking, Opportunity Zone location.

The essentials

Built
1920
Price / sqft
$501
On market
71 days
Annual tax
$1,683
Flood zone
X · Low risk
Lot
6,750 sqft
Type
Duplex

At a glance

Multi-family
Built 1920
6,750 sqft lot
Lot size
756 sqft
Living area

Payment

Est. monthly payment
$2,307/mo
Down payment (20%)
$75,800
Property taxes
$140/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Duplex
Year Built
1920
Lot
6,750 sqft
Cooling
Mini-Split Unit(s)
Heating
None
Parking
Driveway, Guest, Oversized, Parking Pad
Days on Market
71
Ninguno
Dog Run
Garden
Private Entrance
Private Mailbox
Private Yard
Storage
Tankless Water Heater
Flood Zone X
Annual Tax (2025)
$1,683
Parcel #
A-07-29-19-ZZZ-000005-88640.0

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Unplatted
County
Hillsborough
MLS Area
33603 - Tampa / Seminole Heights
Lot Size
6,750 sqft

Price history

Date
Event
Price
10/3/2026
Price change
Source: Stellar MLS #TB8535299
$379,000-5.0%
$501/sqft
-
Price change
Source: Stellar MLS #TB8535299
$399,000-8.7%
$528/sqft
8/3/2026
Listed for sale
Source: Stellar MLS #TB8535299
$437,000+212.1%
$578/sqft
4/22/2026
Sold
Source: Hillsborough County Public Record
$140,000
$185/sqft

Neighborhood

1221 E Dr Martin Luther King Jr Blvd
Tampa, FL, 33603 · 33603 - Tampa / Seminole Heights

Market insights

Offer Insights

Choose an offer strength

List price: $379,000
$375,000 – $379,000
99.2% – 100% of listTops out right at the list price
80% of listList price
76 of the last 151 home closings in 33603 landed at this number or higher (50%). The median one sat 26 days before it went under contract, and this one is on day 71 after a $58,000 cut.

Sample: 151 closed home sales in 33603 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$2,306/mo
Principal & interest$1,977
Property taxes$140
Insurance$190
Down payment20% · $75,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$379,000

$501 per sq ft

Beds and baths

2 beds, 1 baths

Size

756 sq ft

Time on market

71 days

Year built

1920

Monthly payment

About $2,307/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,683 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

Have another question?

Brokered bySELLSTATE COASTAL REALTYListing agent: Eriola GoldmanListing data from Stellar MLS, MLS# TB8535299.

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