Fully Renovated Corner-Lot
For Sale
Under Contract
$600,000
319 W CURTIS Street, Tampa, FL 33603
MULTI_FAMILY - TAMPA, FL
Property Size1,472 SF
Lot Size0.11 Acres
Price / SF$407.61
Days on Market51
Property Features for 319 W CURTIS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SH-RS
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1
Parking features
Driveway, Off Street
Pets allowed
Yes
Interior features
Ceiling Fans(s), Primary Bedroom Main Floor, Thermostat, Window Treatments
Exterior features
Private Entrance, Private Mailbox
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Subdivision
MEADOWBROOK
Lot features
Corner Lot
Directions
From N Florida avenue, turn west on W Curtis st. Property is on the right.
Standard status
Active Under Contract
APN
A-01-29-18-4GL-000000-00029.0
Size
1,472 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MEADOWBROOK LOT 29
Tax Annual Amount
4655
Legal Description
MEADOWBROOK LOT 29
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Building materials
Frame
Roof type
Shingle
Listing Agency:
LOMBARDO HEIGHTS LLC
(813) 335-2626
Listed By:
Jackie De La Rosa · License #3303867
(813) 995-5558
Added: Jun 23
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# TB8519957
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 fully renovated duplex is set up for income-producing occupancy with two separate 2-bedroom, 1-bath units on a prominent corner lot. Built in 1925, the property totals 1,472 square feet on a 0.11-acre lot, with each unit approximately 750 square feet. Unit interiors include redesigned kitchens and in-unit laundry, quartz countertops, white shaker cabinetry, scratch-resistant wood laminate flooring, decorative living room fireplaces, ceiling fans, and updated finishes such as Sherwin-Williams interior and exterior paint. Each unit also has updated plumbing and new electrical panels, with natural gas service connected to the ranges, dryers, and water heaters.
The exterior layout supports privacy and easy tenant turnover, with each unit having its own paver driveway and separate private entrance. Unit 317 is serviced at the front, while Unit 319 is behind the house with a walkway to the side entrance. The units are metered separately for gas and electric, with one meter for water. Additional improvements include a fully rebuilt front porch with composite decking and two newer TRANE HVAC systems.
The property was fumigated for drywood termites in June 2025. Located at 319 W Curtis Street, Tampa, the duplex is around the corner from Rivercrest Park and within walking distance of local restaurants and shops, with Armature Works, the Tampa Riverwalk, and Downtown Tampa less than five minutes away.
The exterior layout supports privacy and easy tenant turnover, with each unit having its own paver driveway and separate private entrance. Unit 317 is serviced at the front, while Unit 319 is behind the house with a walkway to the side entrance. The units are metered separately for gas and electric, with one meter for water. Additional improvements include a fully rebuilt front porch with composite decking and two newer TRANE HVAC systems.
The property was fumigated for drywood termites in June 2025. Located at 319 W Curtis Street, Tampa, the duplex is around the corner from Rivercrest Park and within walking distance of local restaurants and shops, with Armature Works, the Tampa Riverwalk, and Downtown Tampa less than five minutes away.
Key Highlights
- Two separate 2‑bedroom, 1‑bath units with in‑unit laundry
- 0.11‑acre corner lot totaling 1,472 SF; each unit approx. 750 SF
- Separate gas and electric meters; natural gas connected to ranges, dryers, and water heaters
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
$17,182
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
2.86%
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%
$343,640
$343.6K
Cap Rate 7%
$245,457
$245.5K
Cap Rate 9%
$190,911
$190.9K
Market Conditions
NOI Build-Up for 1,472 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
$26.3K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$24.5K $16.67/SF
− OpEx
−$7.4K −$5.00/SF
NOI
$17.2K $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%
$343,640
Cap Rate 7%
$245,457
Cap Rate 9%
$190,911
Alternative Uses
Best Use
Multifamily LT 5
$245.5K
$214.8K – $286.4K
NOI $17,182 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$228.2K
$199.7K – $266.3K
NOI $15,975 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$342.9K
$300.1K – $400.1K
NOI $24,005 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex on a prominent corner lot with two separate 2-bedroom, 1-bath units and in-unit laundry.
Where is this duplex located?
The property is located at 319 W CURTIS Street Tampa, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Two separate 2‑bedroom, 1‑bath units with in‑unit laundry; 0.11‑acre corner lot totaling 1,472 SF; each unit approx. 750 SF; Separate gas and electric meters; natural gas connected to ranges, dryers, and water heaters
