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    Multi-Family 5+ Parcel Package Title is generated by Realmo AI

    2806 N TAMPA STREET, Tampa, FL 33602

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    Claim this Listing
    For Sale
    $1,599,000

    Multi-Family 5+ - TAMPA, FL

    Property size:
    7,942 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $201/SF
    Added:
    Sep 12, 2025
    Days on Market:
    289
    Last Refresh:
    Jun 27 at 1:06 pm

    Property Features for 2806 N TAMPA STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM-16
    Bedrooms
    18
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Standard status
    Active
    APN
    A-12-29-18-4R5-000007-00001.0
    Size
    7,942 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14541

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1945
    Number of units
    11
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame, Stucco
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Eddie Serralles

    Listing agent Eddie Serralles License #508984

    Listing office SERRALLES GROUP,INC 2324 N. Highland Ave., Tampa, FL

    Listing date Sep 12, 2025

    MLS# TB8427112 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.

    HighLights

    • Prime Tampa Heights Location: Situated in a rapidly growing, highly desirable neighborhood.
    • Income‑Producing Property: Generates immediate cash flow with 11 units and rental income.
    • Development Opportunity: 5‑parcel package offers potential for future development projects.
    • Excellent Location: Close proximity to Armature Works, Tampa Riverwalk, and Hillsborough River.
    • Strong Rental Upside: Current rents ($1,400-$2,200) have potential for increase.
    • Convenient Access: Quick access to I‑275 and I‑4 provides easy commutes to downtown, Midtown, and Seminole Heights.

    Overview

    This for-sale multifamily package consists of five parcels totaling 11 residential units. The property is presented as a single 5-parcel group under RM-16 zoning, providing one buyer with multiple holdings to manage as a consolidated acquisition.

    The addresses are in Tampa, Florida 33602, specifically at 2806 N Tampa Street. The offering is positioned near Armature Works and the Tampa Riverwalk, with quick access described to I-275 and I-4, and proximity to Raymond James Stadium.

    For tenants, the asset’s core value is straightforward: existing residential units within a multi-parcel configuration. For buyers and operators, the package format can support an end-to-end management approach across the 11 units while allowing flexibility tied to the noted re-development intent included with the listing. The seller also states, “Owner will not evict,” which may be relevant to a purchaser’s near-term transition planning. Please note that all parcels and unit configuration details should be confirmed through due diligence prior to closing.

    Local Financial Insights For Apartment 5plus

    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 $168.7k $21.24
    − Vacancy −$12.0k −$1.51
    EGI $156.7k $19.73
    − OpEx −$70.5k −$8.88
    NOI $86.2k $10.85
    7,942 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,191 @ 7.0% cap · market cap 5.39%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,518 @ 7.0% cap · market cap 8.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.461137
    Latitude
    27.96898

    FAQs

    What type of property is this?
    Apartment building - Five-parcel multifamily package with 11 units, zoned RM-16, offered as an income and re-development opportunity.
    Where is this apartment building located?
    The property is located at 2806 N TAMPA STREET Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Prime Tampa Heights Location: Situated in a rapidly growing, highly desirable neighborhood.; Income‑Producing Property: Generates immediate cash flow with 11 units and rental income.; Development Opportunity: 5‑parcel package offers potential for future development projects.
    More about this property
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