Brick Duplex on Corner
501 E FLORIBRASKA Avenue Tampa, FL 33603
For Sale
Under Contract
$399,000
MULTI_FAMILY - TAMPA, FL
Property Size1,406 SF
Lot Size0.15 Acres
Price / SF$283.78
Days on Market186
Property Features for 501 E FLORIBRASKA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RS-50
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2
- Parking features
- Off Street
- Window features
- Blinds
- Patio and Porch features
- Porch
- Pets allowed
- Yes
- Interior features
- Ceiling Fans(s), High Ceilings
- Exterior features
- Fence, Private Yard
- Fencing
- Fenced
- Appliances
- Range, Refrigerator
- Standard status
- Active Under Contract
- APN
- A-12-29-18-4RI-000001-00000.7
- Size
- 1,406 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- CENTRAL PARK BLKS 1 2 4 TO 12 13 14 AND 15 S 65 FT OF THE N 75 FT OF THE W 1/2 OF THE NW 1/4 OF BLOCK 1
- Tax Annual Amount
- 2220
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1927
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Wood, Laminate
- Building materials
- Frame, Wood Siding
- Roof type
- Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Kelly Grimsdale, PA · License #3406152
(813) 389-8324
Added: Jan 21
Changed: Jul 21
Last Checked: Jul 26 at 6:06AM
MLS# TB8467732
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 1927 brick duplex features two separate 1-bedroom, 1-bath units with high ceilings and stand-up shower stalls. The south unit includes some original wood floors, while the north unit has newer laminate flooring. Each unit is configured with its own parking space and outdoor, garden-style areas.
The property is located in Tampa within the RS-50 zoning designation. The corner-lot setting is accessed via E Floribraska Avenue, with proximity to Robles Park Center and Robles Park Village Redevelopment, and is within about two miles of Downtown Tampa.
One unit is currently vacant and ready for a new owner’s updates, while the other unit is currently occupied.
The property is located in Tampa within the RS-50 zoning designation. The corner-lot setting is accessed via E Floribraska Avenue, with proximity to Robles Park Center and Robles Park Village Redevelopment, and is within about two miles of Downtown Tampa.
One unit is currently vacant and ready for a new owner’s updates, while the other unit is currently occupied.
Key Highlights
- 1927‑built bungalow‑style duplex in the Local Tampa Heights Historic District
- Each unit is a 1 bed / 1 bath with high ceilings and stand‑up shower stalls
- Tile, wood, and laminate flooring; some original wood floors noted in the south unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.1k | $17.88 |
| − Vacancy | −$1.7k | −$1.21 |
| EGI | $23.4k | $16.67 |
| − OpEx | −$7.0k | −$5.00 |
| NOI | $16.4k | $11.67 |
1,406 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.4K
$205.1K – $273.5K
NOI $16,411 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$218.0K
$190.7K – $254.3K
NOI $15,259 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$327.6K
$286.6K – $382.2K
NOI $22,929 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - 1927 duplex on an oversized corner lot with separate parking for each unit.
Where is this duplex located?
The property is located at 501 E FLORIBRASKA Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1927‑built bungalow‑style duplex in the Local Tampa Heights Historic District; Each unit is a 1 bed / 1 bath with high ceilings and stand‑up shower stalls; Tile, wood, and laminate flooring; some original wood floors noted in the south unit
