Modern Duplex with Fenced
For Sale
$779,900
2613 E 23RD Avenue, Tampa, FL 33605
Residential Income, TAMPA, FL
Property Size3,231 SF
Lot Size0.11 Acres
Price / SF$241.38
Days on Market128
Property Features for 2613 E 23RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 5, Dining Room, Bedroom 6, Bedroom 1, Bathroom 1, Bathroom 6, Bedroom 4, Family Room, Bathroom 2
Interior features
Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Walk-In Closet(s)
Exterior features
Balcony, Fence, Lighting, Sprinkler Metered
Fencing
Fenced
Subdivision
CAMPOBELLO
Elementary school
DeSoto-HB
Middle school
Orange Grove-HB
High school
Blake-HB
Directions
(via I-4) Take I-4 West Exit at 21st/22nd St (Exit 1) Turn right onto N 22nd St Turn right onto E 21st Ave Turn left onto N 26th St Turn right onto E 23rd Ave The destination will be on the left
Standard status
Active
APN
A-08-29-19-4VK-000040-00005.1
Size
3,231 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAMPOBELLO BLOCKS 31 TO 45 LOT 6 BLOCK 40
Tax Annual Amount
12363
Legal Description
CAMPOBELLO BLOCKS 31 TO 45 LOT 6 BLOCK 40
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY
(941) 907-1033
Listed By:
Tami Cashi · License #3117254
(941) 527-9088
Added: May 14
Changed: Sep 13
Last Checked: Sep 18 at 4:06AM
MLS# A4692763
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.
Built in 2023, this duplex contains two independently configured residences within a 3,231-square-foot property. Each residence includes three bedrooms, two-and-a-half bathrooms, an open living and dining arrangement, and an upstairs primary suite with a walk-in closet. Kitchens feature quartz countertops, light cabinetry, walk-in pantries, and island seating. Impact-resistant windows and doors, LED lighting, designer backsplash finishes, central heating and cooling, and irrigation add to the physical improvements. Both residences have fenced yards, while the block construction, shingle roof, public water, and public sewer support the overall building package.
The property is located at 2613 E 23RD Avenue in Tampa, with downtown Tampa approximately 10 minutes away and Ybor approximately 5 minutes away. Tampa International Mall and Tampa Airport are approximately 15 minutes away, while downtown St. Pete is approximately 30 minutes away. The property carries RM-16 zoning and has no HOA restrictions.
The property is located at 2613 E 23RD Avenue in Tampa, with downtown Tampa approximately 10 minutes away and Ybor approximately 5 minutes away. Tampa International Mall and Tampa Airport are approximately 15 minutes away, while downtown St. Pete is approximately 30 minutes away. The property carries RM-16 zoning and has no HOA restrictions.
Key Highlights
- Two residences, each with 3 bedrooms and 2.5 bathrooms
- 3,231 square feet on a 0.11‑acre lot
- Built in 2023 with block construction
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
$37,714
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
4.84%
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%
$754,280
$754.3K
Cap Rate 7%
$538,771
$538.8K
Cap Rate 9%
$419,044
$419.0K
Market Conditions
NOI Build-Up for 3,231 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
$57.8K $17.88/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$53.9K $16.67/SF
− OpEx
−$16.2K −$5.00/SF
NOI
$37.7K $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%
$754,280
Cap Rate 7%
$538,771
Cap Rate 9%
$419,044
Alternative Uses
Best Use
Multifamily LT 5
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 4.84%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$752.7K
$658.6K – $878.2K
NOI $52,691 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
569
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer open-concept interiors, private fenced yards, and contemporary finishes without HOA restrictions.
Where is this duplex located?
The property is located at 2613 E 23RD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2.5 bathrooms; 3,231 square feet on a 0.11‑acre lot; Built in 2023 with block construction
