Two-Unit Duplex with
For Sale
$699,900
5010 E 32ND Avenue, Tampa, FL 33619
Residential Income, TAMPA, FL
Property Size3,800 SF
Lot Size0.13 Acres
Price / SF$184.18
Days on Market63
Property Features for 5010 E 32ND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-16
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4
Interior features
High Ceilings, Open Floorplan, PrimaryBedroom Upstairs, Split Bedroom, Walk-In Closet(s)
Exterior features
Fence, Garden, Private Mailbox, Rain Gutters, Sidewalk
Fencing
Fenced
Subdivision
GRANT PARK
Directions
SOUTH ON 50TH ST,EAST ON 32ND AVE,TOWNHOMES ARE AT THE CORNER OF 32ND AVE & TEMPLE ST.
Standard status
Active
APN
A-10-29-19-4BX-000004-00013.1
Size
3,800 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRANT PARK W 57 FT OF LOTS 13 AND 14 BLOCK 4
Tax Annual Amount
905
Legal Description
GRANT PARK W 57 FT OF LOTS 13 AND 14 BLOCK 4
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
Building Details
Year built
2026
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
QUICKSILVER REAL ESTATE GROUP
(813) 288-0300
Listed By:
Hichem Melliti
(813) 298-5244
Added: Jul 8
Changed: Sep 6
Last Checked: Sep 8 at 10:06AM
MLS# TB8527200
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 two-unit duplex is under construction and includes 3,800 square feet of living area, with approximately 1,900 square feet assigned to each residence. Both townhome-style units feature three upstairs bedrooms, a primary suite with a walk-in closet and private bathroom, modern closet shelving, and washer and dryer connections. Interior finishes include gray shaker cabinetry, granite countertops, backsplash detailing, stainless steel appliances, high ceilings, and open-plan living areas. Each residence also includes a garage, driveway, and private fenced area.
The property is served by public water and public sewer and is identified with RM-16 zoning. Construction materials include block and stucco, with central heating and central air conditioning. The property is scheduled for construction completion in 2026.
The property is served by public water and public sewer and is identified with RM-16 zoning. Construction materials include block and stucco, with central heating and central air conditioning. The property is scheduled for construction completion in 2026.
Key Highlights
- Two‑unit duplex totaling 3,800 square feet
- Each residence measures approximately 1,900 SF and includes 3 upstairs bedrooms
- A garage and driveway serve each unit
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
$44,355
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
6.34%
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%
$887,100
$887.1K
Cap Rate 7%
$633,643
$633.6K
Cap Rate 9%
$492,833
$492.8K
Market Conditions
NOI Build-Up for 3,800 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
$67.9K $17.88/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$63.4K $16.67/SF
− OpEx
−$19.0K −$5.00/SF
NOI
$44.4K $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%
$887,100
Cap Rate 7%
$633,643
Cap Rate 9%
$492,833
Alternative Uses
Best Use
Multifamily LT 5
$633.6K
$554.4K – $739.3K
NOI $44,355 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$589.1K
$515.5K – $687.3K
NOI $41,240 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$885.3K
$774.6K – $1.03M
NOI $61,970 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
337
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 - Under construction with modern finishes, private fencing, and garage parking provided for each residence.
Where is this duplex located?
The property is located at 5010 E 32ND Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,800 square feet; Each residence measures approximately 1,900 SF and includes 3 upstairs bedrooms; A garage and driveway serve each unit
