Updated 2-Unit
For Sale
Under Contract
$309,900
10315 N 9TH Street, Tampa, FL 33612
MULTI_FAMILY - TAMPA, FL
Property Size1,296 SF
Lot Size0.19 Acres
Price / SF$239.12
Days on Market20
Property Features for 10315 N 9TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4
Interior features
Open Floorplan
Exterior features
Lighting
Appliances
Range, Range Hood, Refrigerator
Subdivision
CASTLE HEIGHTS MAP
Directions
N Nebraska Ave to E Bougainvillea Ave. E, Right on N 9th St. to address on left
Standard status
Active Under Contract
APN
A-18-28-19-453-V00000-00038.0
Size
1,296 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CASTLE HEIGHTS MAP LOTS 38 39 AND 40 BLOCK V
Tax Annual Amount
2518
Legal Description
CASTLE HEIGHTS MAP LOTS 38 39 AND 40 BLOCK V
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1971
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Zayne Amin · License #3245217
(813) 380-8594
Added: Jul 29
Changed: Aug 17
Last Checked: Aug 17 at 6:06PM
MLS# TB8533749
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains two residences, each arranged with two bedrooms and one bathroom. The 1,296-square-foot property features concrete-block construction, an open floor plan, newer kitchens, refreshed bathrooms, updated fixtures, and ceramic tile in the common areas. Appliances include ranges, range hoods, and refrigerators. The shingle-roofed building was constructed in 1971 and has updated interior finishes.
Set on a 0.19-acre lot at 10315 N 9TH Street in Tampa, the property is served by public water and public sewer. The surrounding area includes access to a bus line, shopping, restaurants, schools, parks and recreation facilities, medical plazas, beaches, and tourist attractions. RS-50 zoning applies to the property.
Set on a 0.19-acre lot at 10315 N 9TH Street in Tampa, the property is served by public water and public sewer. The surrounding area includes access to a bus line, shopping, restaurants, schools, parks and recreation facilities, medical plazas, beaches, and tourist attractions. RS-50 zoning applies to the property.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,296 square feet on a 0.19‑acre lot
- Concrete‑block duplex constructed in 1971
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,127
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,540
$302.5K
Cap Rate 7%
$216,100
$216.1K
Cap Rate 9%
$168,078
$168.1K
Market Conditions
NOI Build-Up for 1,296 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.6K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.1K $11.67/SF
Area
ZIP 33612
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$302,540
Cap Rate 7%
$216,100
Cap Rate 9%
$168,078
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.1K
NOI $15,127 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$295.2K
$258.3K – $344.4K
NOI $20,665 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Concrete-block income property with refreshed interiors, separate residences, and public water and sewer service.
Where is this duplex located?
The property is located at 10315 N 9TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $309,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,296 square feet on a 0.19‑acre lot; Concrete‑block duplex constructed in 1971
