Duplex Property with Updated
New
For Sale
$345,000
3440 LAUREL DALE Drive, Tampa, FL 33618
MULTI_FAMILY - TAMPA, FL
Property Size1,510 SF
Lot Size0.09 Acres
Price / SF$228.48
Days on Market2
Property Features for 3440 LAUREL DALE Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
PD
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Laundry Room, Bathroom 1, Bedroom 3, Dining Room, Laundry Room
Patio and Porch features
Porch
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior features
Sidewalk, Sliding Doors, Storage
Appliances
Built-In Oven, Cooktop, Disposal, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer, Water Softener
Subdivision
NORTH LAKES SEC I UNIT
Directions
From Van Dyke Rd, head south on Dale Mabry Hwy, turn left onto N Lakeview Dr, then left onto Laurel Dale Dr, then right onto Laurel Dale Dr to home.
Standard status
Active
APN
U-22-27-18-0KL-000003-00082.0
Size
1,510 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH LAKES SECTION I UNIT NO 2 LOT 82 BLK 3
Tax Annual Amount
4870
Legal Description
NORTH LAKES SECTION I UNIT NO 2 LOT 82 BLK 3
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Building Details
Year built
1983
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Stucco, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Vickie Morris
(813) 469-2216
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 12:06PM
MLS# TB8539235
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 includes a 1,510-square-foot residence on a 0.09-acre lot, built in 1983. The interior features porcelain and ceramic tile flooring, laminate flooring, vaulted ceilings, ceiling fans, and a combined living and dining area. The kitchen has granite countertops, a glass cooktop, stainless appliances, a pantry, and extensive cabinet storage. A first-floor primary suite includes a walk-in closet and an updated en-suite bath with a double-sink vanity and glass-enclosed shower. Two additional bedrooms, a full bathroom, and laundry hookups are located upstairs. The property also includes a water softener and filtration system, central air, central heating, a heat pump, a porch, storage, sliding doors, sidewalk access, a shingle roof, and public sewer service.
Located in Tampa's North Lakes Community just off N Dale Mabry Hwy, the property offers access to shopping, restaurants, and St. Joseph's Hospital North. No CDD or HOA is reported.
Located in Tampa's North Lakes Community just off N Dale Mabry Hwy, the property offers access to shopping, restaurants, and St. Joseph's Hospital North. No CDD or HOA is reported.
Key Highlights
- 1,510‑square‑foot residence on a 0.09‑acre lot
- PD zoning; duplex property classification
- Updated kitchen with granite countertops and stainless appliances
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
$17,625
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
5.11%
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%
$352,500
$352.5K
Cap Rate 7%
$251,786
$251.8K
Cap Rate 9%
$195,833
$195.8K
Market Conditions
NOI Build-Up for 1,510 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
$27.0K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.2K $16.67/SF
− OpEx
−$7.6K −$5.00/SF
NOI
$17.6K $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%
$352,500
Cap Rate 7%
$251,786
Cap Rate 9%
$195,833
Alternative Uses
Best Use
Multifamily LT 5
$251.8K
$220.3K – $293.8K
NOI $17,625 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$234.1K
$204.8K – $273.1K
NOI $16,387 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 finishes, an open interior layout, and convenient access to shopping, dining, and St. Joseph's Hospital North.
Where is this duplex located?
The property is located at 3440 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 1,510‑square‑foot residence on a 0.09‑acre lot; PD zoning; duplex property classification; Updated kitchen with granite countertops and stainless appliances
