PD-Zoned Duplex
New
For Sale
$330,000
3439 LAUREL DALE Drive, Tampa, FL 33618
Residential, TAMPA, FL
Property Size1,287 SF
Lot Size0.20 Acres
Price / SF$256.41
Days on Market5
Property Features for 3439 LAUREL DALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), High Ceilings, Pest Guard System, Solid Wood Cabinets, Stone Counters, Thermostat
Exterior features
Private Yard, Rain Gutters, Sidewalk, Storage
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
NORTH LAKES SEC I UNIT
High school
Gaither-HB
Directions
Take N Dale Mabry north, make a right at N Lakeview Drive. Make a left onto Laurel Dale. House is on the left.
Standard status
Active
APN
U-22-27-18-0KL-000002-00016.0
Size
1,287 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKES SECTION I UNIT NO 2 LOT 16 BLK 2
Tax Annual Amount
4661
Legal Description
NORTH LAKES SECTION I UNIT NO 2 LOT 16 BLK 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Jason Philpot
(813) 601-1705
Added: Aug 27
Changed: Aug 28
Last Checked: Aug 31 at 7:06AM
MLS# TB8542745
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 PD-zoned duplex property provides 1,287 square feet with three bedrooms and two bathrooms. Interior features include solid wood cabinetry, stone counters, ceiling fans, high ceilings, tile flooring, and central heating and cooling. The kitchen has been remodeled with custom white cabinets, quartz countertops, industrial-style lighting, and a stainless-steel sink. A primary suite includes wood-look flooring, a walk-in closet with built-in organizers, and an updated en-suite bathroom.
Outdoor features include a vinyl-fenced backyard, private yard, porch, rain gutters, and an 8x12 gambrel-style storage shed with wraparound shelving and a built-in loft. Major systems include a 2020 roof, 2019 A/C, 2020 water heater, 2021 whole-home surge protection, 2025 dishwasher, and 2026 smoke detectors. Public water and public sewer serve the property, and there are no HOA or CDD fees.
Outdoor features include a vinyl-fenced backyard, private yard, porch, rain gutters, and an 8x12 gambrel-style storage shed with wraparound shelving and a built-in loft. Major systems include a 2020 roof, 2019 A/C, 2020 water heater, 2021 whole-home surge protection, 2025 dishwasher, and 2026 smoke detectors. Public water and public sewer serve the property, and there are no HOA or CDD fees.
Key Highlights
- 1,287‑square‑foot property with 3 bedrooms and 2 bathrooms
- PD zoning with no HOA or CDD fees
- Remodeled kitchen with solid wood cabinets and quartz counters
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
$15,022
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
4.55%
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%
$300,440
$300.4K
Cap Rate 7%
$214,600
$214.6K
Cap Rate 9%
$166,911
$166.9K
Market Conditions
NOI Build-Up for 1,287 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
$23.0K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.5K $16.67/SF
− OpEx
−$6.4K −$5.00/SF
NOI
$15.0K $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%
$300,440
Cap Rate 7%
$214,600
Cap Rate 9%
$166,911
Alternative Uses
Best Use
Multifamily LT 5
$214.6K
$187.8K – $250.4K
NOI $15,022 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$199.5K
$174.6K – $232.8K
NOI $13,967 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$299.8K
$262.4K – $349.8K
NOI $20,988 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 33618, FL
26,474
Population
12,394
Households
2.1
Avg Household Size
45
Median Age
48%
College-Educated
95%
High-School Grad
8.4 sq mi
ZIP Area
3,152
Density / Sq Mi
$79,850
Median Household Income
$50,134
Median Earnings
$1,400
Median Rent
$379,200
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 - Updated residential property with a remodeled kitchen, fenced outdoor space, and no HOA or CDD fees.
Where is this duplex located?
The property is located at 3439 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 1,287‑square‑foot property with 3 bedrooms and 2 bathrooms; PD zoning with no HOA or CDD fees; Remodeled kitchen with solid wood cabinets and quartz counters
