Multi-Unit Residential
316 W COLUMBUS Drive Tampa, FL 33602
316 W COLUMBUS Drive, Tampa, FL, 33602
$999,999
For Sale
$999,999
MULTI_FAMILY - TAMPA, FL
Property Size2,606 SF
Lot Size0.17 Acres
Price / SF$383.73
Days on Market157
Property Features for 316 W COLUMBUS Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-16
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 3
- 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 Description
- WEST HIGHLANDS LOT 8 LESS N 6 FT FOR R/W BLOCK 1
- Tax Annual Amount
- 5072
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1921
- Number of units
- 4
- Flooring type
- Tile - Ceramic
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing agency
REALTY EXPERTS
(727) 888-1000
Listed by
Kyle Noseworthy · License #3537883
(215) 589-3677
Added: Feb 16 Updated: Jul 20 at 8:48PM Checked: Jul 23 at 11:06AM
MLS# TB8476378
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 residential investment includes multiple structures on a single lot, totaling 2,606 square feet. The front building features a 4 bedroom/2 bath layout currently configured into four individual units, along with an additional upstairs 2 bedroom/1 bath unit and a 1 bedroom/1 bath unit below. In the rear, there is a detached 1 bedroom/1 bath cottage. Laundry amenities include community laundry and private laundry inside the 4/2 portion of the property.
The property is located at 316 W Columbus Drive in Tampa, Florida 33602, in Hillsborough County. The listing indicates the area is near Armature Works and Downtown Tampa, with nearby dining, retail, and major employment hubs. Zoning is RM-16.
The property is located at 316 W Columbus Drive in Tampa, Florida 33602, in Hillsborough County. The listing indicates the area is near Armature Works and Downtown Tampa, with nearby dining, retail, and major employment hubs. Zoning is RM-16.
Key Highlights
- Fully rented multi‑unit investment with immediate income in place
- Front building offers a 4 bed/2 bath layout configured as four individual units plus an upstairs 2 bed/1 bath unit and an additional 1 bed/1 bath unit below
- Detached 1 bed/1 bath cottage in the rear adds extra rental income
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
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multiple detached and main-building units include a 4 bed/2 bath setup, plus upstairs and cottage layouts.
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 investment with immediate income in place; Front building offers a 4 bed/2 bath layout configured as four individual units plus an upstairs 2 bed/1 bath unit and an additional 1 bed/1 bath unit below; Detached 1 bed/1 bath cottage in the rear adds extra rental income
