Completely Renovated
For Sale
Under Contract
$499,900
3723 TEMPLE Street, Tampa, FL 33619
MULTI_FAMILY - TAMPA, FL
Property Size1,775 SF
Lot Size0.18 Acres
Price / SF$281.63
Days on Market300
Property Features for 3723 TEMPLE Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 1, Bedroom 4, Family Room
Window features
Double Pane Windows
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters, Thermostat, Walk-In Closet(s)
Exterior features
Lighting
Subdivision
GRANT PARK
Directions
50th ST SOUTH OF MLK TO LEFT ON 30TH TO LEFT ON TEMPLE
Standard status
Active Under Contract
APN
A-10-29-19-4BX-000007-00023.0
Size
1,775 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GRANT PARK N 1/2 OF LOT 23 AND LOT 24 BLOCK 7
Tax Annual Amount
4002
Legal Description
GRANT PARK N 1/2 OF LOT 23 AND LOT 24 BLOCK 7
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
granite counters
stainless appliances
in-unit washer/dryer
LVP flooring
impact windows
private yard space
Building Details
Year built
1961
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
COMPASS FLORIDA, LLC
(305) 851-2820
Listed By:
Bryce Wade · License #3454963
(571) 991-6170
Added: Oct 23, 2025
Changed: Aug 17
Last Checked: Aug 18 at 11:06PM
MLS# TB8440381
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.
Completely renovated duplex built in 1961, offering two separate units with private yard space. The front unit has 4 bedrooms and 2 bathrooms, and the rear unit has 3 bedrooms and 1 bathroom. Both units feature granite counters, stainless appliances, in-unit washer/dryer, LVP flooring, and impact windows.
Updates include new plumbing and electrical with new service meters, along with new HVAC and water heaters throughout. Each side has its own outdoor space, and there is ample parking on an extended lot. The property is zoned RM-16 and is located in Flood Zone X, indicating no flood insurance requirement.
Additional details include brick construction, central heating and central air conditioning, a shingle roof, and public water with public sewer. Utilities include electricity available. Lot size is 0.18 acres.
Updates include new plumbing and electrical with new service meters, along with new HVAC and water heaters throughout. Each side has its own outdoor space, and there is ample parking on an extended lot. The property is zoned RM-16 and is located in Flood Zone X, indicating no flood insurance requirement.
Additional details include brick construction, central heating and central air conditioning, a shingle roof, and public water with public sewer. Utilities include electricity available. Lot size is 0.18 acres.
Key Highlights
- Zoned RM‑16 duplex with 2 units and private yard space
- Front unit: 4BR/2BA with granite counters, stainless appliances, in‑unit washer/dryer
- Rear unit: 3BR/1BA with granite counters, stainless appliances, in‑unit washer/dryer
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
$20,719
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
4.14%
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%
$414,380
$414.4K
Cap Rate 7%
$295,986
$296.0K
Cap Rate 9%
$230,211
$230.2K
Market Conditions
NOI Build-Up for 1,775 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
$31.7K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.6K $16.67/SF
− OpEx
−$8.9K −$5.00/SF
NOI
$20.7K $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%
$414,380
Cap Rate 7%
$295,986
Cap Rate 9%
$230,211
Alternative Uses
Best Use
Multifamily LT 5
$296.0K
$259.0K – $345.3K
NOI $20,719 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$413.5K
$361.8K – $482.5K
NOI $28,947 @ 7.0% cap · market cap 5.79%
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
656
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex zoned RM-16 in Flood Zone X with private yards for each unit.
Where is this duplex located?
The property is located at 3723 TEMPLE Street Tampa, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Zoned RM‑16 duplex with 2 units and private yard space; Front unit: 4BR/2BA with granite counters, stainless appliances, in‑unit washer/dryer; Rear unit: 3BR/1BA with granite counters, stainless appliances, in‑unit washer/dryer
