1221 DR MARTIN LUTHER KING JR BOULEVARD — photo 1 of 30

Active · Multi-Family

1221 DR MARTIN LUTHER KING JR BOULEVARD

TAMPA, FL 33603

$437,000

$578/sqft

Beds

2 beds

Baths

1 bath

Area

756 sqft

Multi-FamilyBuilt 19206,750 sqft lotNoneMini-Split Unit(s)$578/sqftListed today

About this home

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

Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Living area: 756 sqft
Heating: None
Cooling: Mini-Split Unit(s)
Flooring: Luxury Vinyl
Features: Ninguno
Appliances: Tankless Water Heater

Exterior & lot

Lot size: 6,750 sqft (0.16 ac)
Roof: Shingle
Construction: Asbestos
Exterior: Dog Run, Garden, Private Entrance, Private Mailbox, Private Yard, Storage

Financial

Annual tax: $1,683 (2025)
Price / sqft: $578/sqft

Utilities

Water: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Phone Available

Property

Property type: Multi-Family
Year built: 1920
Subdivision: UNPLATTED
County: Hillsborough

Listing

Status: Active
Days on market: Today
MLS #: MFR801724486
Source: Stellar MLS

Listed by Eriola Goldman · SELLSTATE COASTAL REALTY

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQEstimate

Sample estimate — not an appraisal

$428k

−2.1% vs asking

$401k low$454k high

Based on 30 comparable sales within 4 miles of TAMPA, FL. priced over RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA

Down payment (%)

Interest rate (%)

Loan term (yrs)

Property tax (% / yr)

Home insurance ($ / yr)

HOA dues ($ / mo)

Estimated monthly payment$2,854/mo

Principal & interest: $2,326/mo
Property tax: $328/mo
Home insurance: $200/mo

Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.