Fully Renovated Duplex with In-Unit
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 Market49
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
Interior features
Thermostat, Window Treatments
Exterior features
Private Mailbox
Fireplace
1
Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater
Subdivision
MEADOWBROOK
Directions
From N Florida avenue, turn west on W Curtis st. Property is on the corner before the elementary school on your 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
Natural Gas 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
Flooring type
Laminate
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
LOMBARDO HEIGHTS LLC
(813) 335-2626
Listed By:
Jackie De La Rosa · License #3303867
(813) 995-5558
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# TB8523091
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 configured as two separate two-bedroom, one-bath units. Each unit is approximately 750 square feet, and total building size is 1,472 square feet on a 0.11-acre corner lot. The kitchens were redesigned and reconfigured for added functionality and include in-unit laundry. Finishes include quartz countertops, white shaker cabinetry, laminate flooring, and interior living room fireplaces, along with updated plumbing and new electrical panels. Natural gas service is connected to the ranges, dryers, and water heaters, and both units are metered separately for gas and electric with one water meter.
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. Exterior features include separate paver driveways, with unit 317 at the front and unit 319 behind the house with a walkway to the side entrance.
The duplex is located in South Seminole Heights near Rivercrest Park and within walking distance of local dining and retail. It is also less than five minutes from Armature Works, the Tampa Riverwalk, Downtown Tampa, and major employment centers.
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. Exterior features include separate paver driveways, with unit 317 at the front and unit 319 behind the house with a walkway to the side entrance.
The duplex is located in South Seminole Heights near Rivercrest Park and within walking distance of local dining and retail. It is also less than five minutes from Armature Works, the Tampa Riverwalk, Downtown Tampa, and major employment centers.
Key Highlights
- Two‑unit duplex on a 0.11‑acre corner lot with 1,472 SF total building area
- Two‑bedroom, one‑bath units, each approximately 750 SF, with in‑unit laundry
- Separately metered gas and electric; one water meter
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 two-unit duplex on a corner lot in SH-RS zoning, with in-unit laundry and separate utility metering.
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‑unit duplex on a 0.11‑acre corner lot with 1,472 SF total building area; Two‑bedroom, one‑bath units, each approximately 750 SF, with in‑unit laundry; Separately metered gas and electric; one water meter
