Tampa Quadruplex Investment
316 W COLUMBUS DRIVE Tampa, FL 33602
316 W COLUMBUS DRIVE, Tampa, FL, 33602
$999,999
For Sale
$999,999
Quadruplex - TAMPA, FL
Property Size2,606 SF
Lot Size0.17 Acres
Price / SF$383.73
Days on Market150
Property Features for 316 W COLUMBUS DRIVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-16
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s), Walk-in Closet(s)
- Exterior features
- Courtyard, Private Yard
- Standard status
- Active
- APN
- A-13-29-18-4Y3-000001-00008.0
- Size
- 2,606 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5072
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Central Air, Ductless, Multi Units
Building Details
- Year built
- 1921
- Number of units
- 4
- Flooring type
- Tile, Tile - Ceramic
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
REALTY EXPERTS
(727) 888-1000
7600 131st St, Seminole, FL
Listed by
Kyle Noseworthy · License #3537883
(215) 589-3677
Added: Feb 16 Checked: Jul 16 at 6:06 pm
MLS# TB8476378
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 multi-unit investment opportunity is fully rented and located minutes from Armature Works and Downtown Tampa. The property features multiple structures, offering rental flexibility and future development potential within a rapidly growing area. The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. A detached 1 bedroom / 1 bath cottage at the rear of the property provides additional income. Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. The property is situated near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs. It offers immediate income and strong cash flow, with long-term appreciation and redevelopment upside. The property is ideal for investors seeking stabilized returns in a high-demand area. The lot size is 0.17 acres and the property size is 2606 square feet. The zoning is RM-16.
Key Highlights
- Fully rented multi‑unit property providing immediate income.
- Prime location near Armature Works, Downtown Tampa, and the Riverwalk.
- Strong cash flow with long‑term appreciation and redevelopment potential.
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 | $46.6k | $17.88 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $43.5k | $16.67 |
| − OpEx | −$13.0k | −$5.00 |
| NOI | $30.4k | $11.67 |
2,606 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$607.1K
$531.2K – $708.3K
NOI $42,499 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Income-producing property near Armature Works and Downtown Tampa.
Where is this quadplex located?
The property is located at 316 W COLUMBUS DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Fully rented multi‑unit property providing immediate income.; Prime location near Armature Works, Downtown Tampa, and the Riverwalk.; Strong cash flow with long‑term appreciation and redevelopment potential.
