Updated Duplex with Private
For Sale
$390,000
2307 E OSBORNE Avenue, Tampa, FL 33610
Residential Income, TAMPA, FL
Property Size1,309 SF
Lot Size0.21 Acres
Price / SF$297.94
Days on Market141
Property Features for 2307 E OSBORNE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Interior features
Ceiling Fans(s)
Exterior features
Lighting
Subdivision
UNPLATTED
Directions
From Hillsborough Avenue in Tampa, head toward North Nebraska Avenue (US-41) and turn north. Continue driving for about a mile, then turn right onto East Osborne Avenue. After a short drive down Osborne, you'll find 2307 E Osborne Ave on the left-hand side. The route is straightforward and takes you right into the Seminole Heights area, just a few minutes off Hillsborough.
Standard status
Active
APN
A-05-29-19-ZZZ-000005-75770.0
Size
1,309 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT BEG 392 FT E AND 25 FT S OF NW COR OF SW 1/4 RUN S 110 FT E 85 FT N 110 FT AND W 85 FT TO BEG
Tax Annual Amount
4586
Legal Description
LOT BEG 392 FT E AND 25 FT S OF NW COR OF SW 1/4 RUN S 110 FT E 85 FT N 110 FT AND W 85 FT TO BEG
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private backyard
Building Details
Year built
1952
Building materials
Frame
Roof type
Shingle
Listing Agency:
BRAINARD REALTY
(813) 922-2891
Listed By:
Chris Zoller · License #3340134
(813) 997-1501
Added: Apr 13
Changed: Aug 25
Last Checked: Aug 31 at 4:06AM
MLS# TB8497169
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 updated residences within a 1,309-square-foot frame building constructed in 1952. Both units include private backyards, while the property also offers central heating, central air, ceiling fans, exterior lighting, a shingle roof, and ample parking. Public water and public sewer serve the site.
The property occupies a 0.21-acre lot in Tampa’s 33610 area, with downtown Tampa and Seminole Heights described as only minutes away. RS-50 zoning applies to the property. The duplex is fully rented, providing an existing income-producing setup for a residential investment buyer.
The property occupies a 0.21-acre lot in Tampa’s 33610 area, with downtown Tampa and Seminole Heights described as only minutes away. RS-50 zoning applies to the property. The duplex is fully rented, providing an existing income-producing setup for a residential investment buyer.
Key Highlights
- Two‑unit duplex with 1,309 square feet of building area
- Each unit has a private backyard
- 0.21‑acre oversized lot with ample parking
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
$15,279
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
3.92%
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%
$305,580
$305.6K
Cap Rate 7%
$218,271
$218.3K
Cap Rate 9%
$169,767
$169.8K
Market Conditions
NOI Build-Up for 1,309 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
$23.4K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.8K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.3K $11.67/SF
Area
ZIP 33610
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%
$305,580
Cap Rate 7%
$218,271
Cap Rate 9%
$169,767
Alternative Uses
Best Use
Multifamily LT 5
$218.3K
$191.0K – $254.7K
NOI $15,279 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$190.3K
$166.5K – $222.1K
NOI $13,323 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$301.9K
$264.2K – $352.2K
NOI $21,134 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
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 - Two refreshed residences provide separate outdoor space, central heating and cooling, and public utility service.
Where is this duplex located?
The property is located at 2307 E OSBORNE Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,309 square feet of building area; Each unit has a private backyard; 0.21‑acre oversized lot with ample parking
