Triplex with
For Sale
$574,900
1212 E 25TH Avenue, Tampa, FL 33605
Residential Income, TAMPA, FL
Property Size4,152 SF
Lot Size0.17 Acres
Price / SF$138.46
Days on Market41
Property Features for 1212 E 25TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS-50
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Dining Room, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 8, Bedroom 7, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 5, Bedroom 6, Bathroom 2
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Stone Counters
Exterior features
Outbuildings
Subdivision
NEBRASKA EAST REV MAP OF
Directions
From I-4 W, take Exit 1 (21st/22nd St). Continue south on N 22nd St, turn left onto E 25th Ave. Property is on the right.
Standard status
Active
APN
A-07-29-19-4UN-000000-00024.0
Size
4,152 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NEBRASKA EAST REVISED MAP OF LOT 24 TOGETHER WITH S 1/2 OF VACATED ALLEY ABUTTING
Tax Annual Amount
8219
Legal Description
NEBRASKA EAST REVISED MAP OF LOT 24 TOGETHER WITH S 1/2 OF VACATED ALLEY ABUTTING
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1925
Floors in Building
2
Number of units
3
Building materials
Frame
Roof type
Metal
Additional Structures
Outbuilding
Listing Agency:
RE/MAX REALTY UNLIMITED · RE/MAX International
(813) 684-0016
Listed By:
Lisa Dean · License #3127624
(813) 436-1734
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 29 at 11:06PM
MLS# TB8531102
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 legal triplex contains 4,152 square feet across three units on a 0.17-acre parcel. The lower level includes a 1,944-square-foot, three-bedroom residence, while two upper-level units measure approximately 1,071 square feet each. One unit is vacant, and two are tenant-occupied. Interior updates include luxury vinyl flooring, shaker-style cabinetry, granite countertops, and neutral paint. A rear outbuilding, porch, street parking, and public water and sewer are also provided.
Property improvements include a metal roof approximately 10 years old, updated copper electrical, mini-split A/C systems approximately five years old, water heaters approximately two to five years old, and a main plumbing line replaced to the street approximately three years ago. Zoned RS-50, the 1925 frame property is located at 1212 E 25TH Avenue in Tampa, near Historic Ybor City, Seminole Heights, and Tampa Heights, with access to Downtown Tampa and Interstate 275.
Property improvements include a metal roof approximately 10 years old, updated copper electrical, mini-split A/C systems approximately five years old, water heaters approximately two to five years old, and a main plumbing line replaced to the street approximately three years ago. Zoned RS-50, the 1925 frame property is located at 1212 E 25TH Avenue in Tampa, near Historic Ybor City, Seminole Heights, and Tampa Heights, with access to Downtown Tampa and Interstate 275.
Key Highlights
- Legal triplex totaling 4,152 square feet on a 0.17‑acre lot
- Unit mix includes one 1,944‑square‑foot 3‑bedroom residence and two approximately 1,071‑square‑foot units
- One unit is vacant; two units are tenant‑occupied
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
$48,464
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
8.43%
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%
$969,280
$969.3K
Cap Rate 7%
$692,343
$692.3K
Cap Rate 9%
$538,489
$538.5K
Market Conditions
NOI Build-Up for 4,152 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
$74.2K $17.88/SF
− Vacancy
−$5.0K −$1.21/SF
EGI
$69.2K $16.67/SF
− OpEx
−$20.8K −$5.00/SF
NOI
$48.5K $11.67/SF
Area
Tampa, FL
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%
$969,280
Cap Rate 7%
$692,343
Cap Rate 9%
$538,489
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,464 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,060 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
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?
Triplex - Three-unit property with one vacancy, public utilities, and refreshed finishes across the residential spaces.
Where is this triplex located?
The property is located at 1212 E 25TH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Legal triplex totaling 4,152 square feet on a 0.17‑acre lot; Unit mix includes one 1,944‑square‑foot 3‑bedroom residence and two approximately 1,071‑square‑foot units; One unit is vacant; two units are tenant‑occupied
