Restored Quadplex with Private
2322 W CHERRY STREET Tampa, FL 33607
2322 W CHERRY STREET, Tampa, FL, 33607
$895,000
Pending
Quadruplex - TAMPA, FL
Property Size3,158 SF
Lot Size0.07 Acres
AddedMar 14
Days on Market124
Last RefreshJul 15 at 11:06 pm
Property Features for 2322 W CHERRY STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-16
- Bedrooms
- 10
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway, On Street
- Security features
- Smoke Detector(s)
- Pets allowed
- Cats OK, Dogs OK, Yes
- Interior features
- Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo
- Exterior features
- Balcony, Fence, Private Mailbox
- Fencing
- Fenced
- Appliances
- Dryer, Range, Refrigerator
- Standard status
- Pending
- APN
- A-14-29-18-4PQ-000031-00007.1
- Size
- 3,158 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10643.96
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1903
- Number of units
- 1
- Flooring type
- Laminate, Tile, Tile - Ceramic
- Building materials
- Frame, Vinyl Siding
- Roof type
- Metal
- Architectural style
- Other
Listing agent Amy Greenfield License #3190097 (813) 777-6104
Listing office KELLER WILLIAMS TAMPA CENTRAL 1208 E Kennedy Blvd, Tampa, FL (813) 865-0700
Listing date Mar 14, 2026
MLS# TB8486051
Listing URL
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 turnkey quadplex is a two-story, four-unit property originally built in 1903 and fully restored down to the studs in 2010. The building includes two 2-bedroom, 1-bath units and two 3-bedroom, 1-bath units, with each unit having its own private entrance and stackable washer/dryer systems. Interiors feature updated kitchens, appliances, fixtures, and durable vinyl plank flooring installed within the past three years. Several major systems have also been updated, including multiple AC unit replacements from 2017, 2019, and 2021 (two units), with water heaters replaced in 2021–2022. The metal roof is described as having substantial remaining life. Utilities are calculated with water and electric meters separated for each unit, supporting independent unit billing. Outside, the property offers low-maintenance landscaping with stone plantbeds and a mostly fenced back yard if an owner chooses to finish it for a pet. Zoning is RM-16.
The property is located in Tampa, with convenience to major roadways including I-275 and I-4, and access to destinations such as Downtown, Tampa International Airport, International Plaza, Veterans Expressway, and the Howard Frankland Bridge to St. Pete. It is also described as about one mile east of Macfarlane Park and the Freedom Boat Club at Rick’s on the River.
Designed for investors and owner-occupants alike, the quadplex is currently fully occupied, and the rent positioning is described as below market rate(s). With four independent units, updated finishes, and separately metered utilities, the property provides a straightforward operating setup for maintaining rental income while living in one of the units and renting out the others.
The property is located in Tampa, with convenience to major roadways including I-275 and I-4, and access to destinations such as Downtown, Tampa International Airport, International Plaza, Veterans Expressway, and the Howard Frankland Bridge to St. Pete. It is also described as about one mile east of Macfarlane Park and the Freedom Boat Club at Rick’s on the River.
Designed for investors and owner-occupants alike, the quadplex is currently fully occupied, and the rent positioning is described as below market rate(s). With four independent units, updated finishes, and separately metered utilities, the property provides a straightforward operating setup for maintaining rental income while living in one of the units and renting out the others.
Key Highlights
- Turnkey 1903‑built quadplex fully restored down to the studs in 2010
- Four units total: two 2BR/1BA (~779 SF) and two 3BR/1BA (~800 SF), each with a private entrance
- Each unit includes its own stackable washer/dryer plus updated kitchens, appliances, fixtures, and vinyl plank flooring installed in the past 3 years
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.5k | $17.88 |
| − Vacancy | −$3.8k | −$1.21 |
| EGI | $52.7k | $16.67 |
| − OpEx | −$15.8k | −$5.00 |
| NOI | $36.9k | $11.67 |
3,158 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$526.6K
$460.8K – $614.4K
NOI $36,862 @ 7.0% cap · market cap 4.12%
Second Best
Apartment 5plus
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$735.7K
$643.8K – $858.4K
NOI $51,501 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Turnkey four-unit building with private entrances, updated interiors, and individually metered utilities for income-producing use.
Where is this quadplex located?
The property is located at 2322 W CHERRY STREET Tampa, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Turnkey 1903‑built quadplex fully restored down to the studs in 2010; Four units total: two 2BR/1BA (~779 SF) and two 3BR/1BA (~800 SF), each with a private entrance; Each unit includes its own stackable washer/dryer plus updated kitchens, appliances, fixtures, and vinyl plank flooring installed in the past 3 years
