Duplex with Central
For Sale
$475,000
Pending
3607 N 52ND Street, Tampa, FL 33619
Residential Income, TAMPA, FL
Property Size3,484 SF
Lot Size0.12 Acres
Days on Market255
Property Features for 3607 N 52ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 5, Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 2
Subdivision
GRANT PARK
Elementary school
Oak Park-HB
Middle school
Burnett-HB
High school
Blake-HB
Directions
I-4 to 50th St exit turn north go to 28th Ave turn right go to 52nd St turn left property on the right.
Special listing conditions
Short Sale
Standard status
Pending
APN
A-10-29-19-4BX-000015-00016.0
Size
3,484 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRANT PARK LOT 16 BLOCK 15
Tax Annual Amount
7742
Legal Description
GRANT PARK LOT 16 BLOCK 15
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Number of units
2
Building materials
Stucco, Vinyl Siding
Roof type
Shingle
Listing Agency:
SERRALLES GROUP,INC
(813) 307-0007
Listed By:
Eddie Serralles · License #508984
(813) 610-1563
Added: Dec 18, 2025
Changed: Aug 19
Last Checked: Aug 30 at 3:06AM
MLS# TB8457744
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 duplex contains 3,484 square feet arranged as two separate units, with six bedrooms and six bathrooms overall. Built in 2007, the property has stucco and vinyl siding, a shingle roof, central heating, and central air conditioning. Public water and public sewer serve the building, while RM-16 zoning supports its multifamily classification.
The property is located in Tampa, Florida, near major roadways and everyday services. The surrounding area includes grocery stores, shopping centers, dining options, local services, parks, schools, and community amenities. Downtown Tampa and Ybor City are also identified as nearby destinations.
The property is located in Tampa, Florida, near major roadways and everyday services. The surrounding area includes grocery stores, shopping centers, dining options, local services, parks, schools, and community amenities. Downtown Tampa and Ybor City are also identified as nearby destinations.
Key Highlights
- Two‑unit duplex totaling 3,484 square feet
- Six bedrooms and six bathrooms overall
- RM‑16 zoning designation
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
$40,667
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
8.56%
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%
$813,340
$813.3K
Cap Rate 7%
$580,957
$581.0K
Cap Rate 9%
$451,856
$451.9K
Market Conditions
NOI Build-Up for 3,484 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
$62.3K $17.88/SF
− Vacancy
−$4.2K −$1.21/SF
EGI
$58.1K $16.67/SF
− OpEx
−$17.4K −$5.00/SF
NOI
$40.7K $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%
$813,340
Cap Rate 7%
$580,957
Cap Rate 9%
$451,856
Alternative Uses
Best Use
Multifamily LT 5
$581.0K
$508.3K – $677.8K
NOI $40,667 @ 7.0% cap · market cap 8.56%
Second Best
Apartment 5plus
$540.1K
$472.6K – $630.2K
NOI $37,810 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$811.7K
$710.2K – $947.0K
NOI $56,817 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer flexible occupancy within an established multifamily property.
Where is this duplex located?
The property is located at 3607 N 52ND Street Tampa, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,484 square feet; Six bedrooms and six bathrooms overall; RM‑16 zoning designation
