Duplex With Updated Kitchens and
For Sale
$355,000
10702 N 14TH Street, Tampa, FL 33612
MULTI_FAMILY - TAMPA, FL
Property Size1,404 SF
Lot Size0.12 Acres
Price / SF$252.85
Days on Market28
Property Features for 10702 N 14TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Dining Room
Parking features
On Street
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Thermostat
Exterior features
Private Mailbox, Sidewalk, Storage
Appliances
Electric Water Heater, Range, Range Hood, Refrigerator
Subdivision
NEBRASKA AVE HEIGHTS
Elementary school
Shaw-HB
Middle school
Buchanan-HB
High school
Wharton-HB
Directions
North on Nebraska Ave to East on Seneca to North on 14th address on left.
Standard status
Active
APN
A-18-28-19-452-000024-00019.0
Size
1,404 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NEBRASKA AVENUE HEIGHTS LOTS 19 AND 20 BLOCK 24
Tax Annual Amount
3373
Legal Description
NEBRASKA AVENUE HEIGHTS LOTS 19 AND 20 BLOCK 24
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Laminate
Building materials
Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Marquies Johnson · License #3293836
(813) 735-2079
Added: Jul 14
Changed: Aug 3
Last Checked: Aug 10 at 7:06AM
MLS# TB8529368
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.
10702 N 14TH Street Duplex is a centrally located, income-producing two-unit property with no HOA and no CDD. Built in 1973, the duplex includes updated kitchen and bathroom interiors in both units and laminate flooring throughout.
The property is situated on a 0.12-acre lot and totals 1,404 square feet. Each unit offers 2 bedrooms and 1 bathroom and measures 702 square feet, with built-in closets. Each unit has its own meters and is responsible for its own utilities. Additional storage is available on the premises, and parking is provided on-street.
For leasing timelines, the current tenants’ leases are noted to end in October. The home is served by public water and public sewer, with central heating and central air, and a shingle roof.
The property is situated on a 0.12-acre lot and totals 1,404 square feet. Each unit offers 2 bedrooms and 1 bathroom and measures 702 square feet, with built-in closets. Each unit has its own meters and is responsible for its own utilities. Additional storage is available on the premises, and parking is provided on-street.
For leasing timelines, the current tenants’ leases are noted to end in October. The home is served by public water and public sewer, with central heating and central air, and a shingle roof.
Key Highlights
- Updated kitchens and bathrooms in both units
- Two‑unit duplex with separate meters; tenants responsible for their own utilities
- 1,404 total SF on a 0.12‑acre lot
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
$16,388
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
4.62%
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%
$327,760
$327.8K
Cap Rate 7%
$234,114
$234.1K
Cap Rate 9%
$182,089
$182.1K
Market Conditions
NOI Build-Up for 1,404 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
$25.1K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.4K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.4K $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%
$327,760
Cap Rate 7%
$234,114
Cap Rate 9%
$182,089
Alternative Uses
Best Use
Multifamily LT 5
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 4.62%
Second Best
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$319.8K
$279.9K – $373.1K
NOI $22,388 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,095
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
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Frequently Asked Questions
What type of property is this?
Duplex - Centrally located duplex in RS-50 with separate utility meters and updated kitchens and bathrooms in both units.
Where is this duplex located?
The property is located at 10702 N 14TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: Updated kitchens and bathrooms in both units; Two‑unit duplex with separate meters; tenants responsible for their own utilities; 1,404 total SF on a 0.12‑acre lot
