Updated Two-Story Brick
For Sale
$895,000
5205 N CENTRAL Avenue, Tampa, FL 33603
Residential, TAMPA, FL
Property Size3,088 SF
Lot Size0.15 Acres
Price / SF$289.83
Days on Market107
Property Features for 5205 N CENTRAL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SH-RS
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 2, Dining Room, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 4
Pets allowed
Yes
Interior features
Ceiling Fans(s), Crown Molding, Eat-in Kitchen, High Ceilings, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
Exterior features
Dog Run, Garden, Private Mailbox, Sidewalk
Appliances
Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Subdivision
WITCHMERE
Elementary school
Broward-HB
Middle school
Memorial-HB
High school
Hillsborough-HB
Directions
Drive south on North Central Ave. Property is on the left.
Standard status
Active
APN
A-01-29-18-4FY-000003-00003.0
Size
3,088 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WITCHMERE S 63 1/2 FT OF N 65 1/2 FT OF W 100 FT OF LOT 3 BLOCK 3
Tax Annual Amount
8272
Legal Description
WITCHMERE S 63 1/2 FT OF N 65 1/2 FT OF W 100 FT OF LOT 3 BLOCK 3
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1928
Floors in Building
2
Flooring type
Tile, Wood
Building materials
Brick
Roof type
Metal
Additional Structures
Kennel/Dog Run
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(804) 656-5007
Added: May 14
Changed: Aug 19
Last Checked: Aug 28 at 4:06AM
MLS# O6408073
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 updated two-story brick duplex contains two 1,544-square-foot units within a 3,088-square-foot building. The lower residence includes two bedrooms, two bathrooms, and a den/dining room, while the upper residence offers three bedrooms and two bathrooms. Each unit has its own entrance, air conditioner, electric meter, washer, and dryer. Interior details include wood and tile flooring, high ceilings, crown molding, solid wood cabinetry, and solid surface counters.
The property sits on a 0.15-acre lot at 5205 N CENTRAL Avenue in Tampa’s Old Seminole Heights. A two-car brick garage and large driveway provide on-site parking, while the grounds include a garden, dog run, private mailbox, and sidewalk. Public water and public sewer serve the property; the roof is metal, and the building dates to 1928.
The property sits on a 0.15-acre lot at 5205 N CENTRAL Avenue in Tampa’s Old Seminole Heights. A two-car brick garage and large driveway provide on-site parking, while the grounds include a garden, dog run, private mailbox, and sidewalk. Public water and public sewer serve the property; the roof is metal, and the building dates to 1928.
Key Highlights
- 3,088‑square‑foot duplex with two 1,544‑square‑foot units
- Lower unit: 2/2 with den/dining room; upper unit: 3/2
- Separate entrances, air conditioners, electric meters, washers, and dryers
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
$36,044
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
4.03%
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%
$720,880
$720.9K
Cap Rate 7%
$514,914
$514.9K
Cap Rate 9%
$400,489
$400.5K
Market Conditions
NOI Build-Up for 3,088 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
$55.2K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.5K $16.67/SF
− OpEx
−$15.4K −$5.00/SF
NOI
$36.0K $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%
$720,880
Cap Rate 7%
$514,914
Cap Rate 9%
$400,489
Alternative Uses
Best Use
Multifamily LT 5
$514.9K
$450.6K – $600.7K
NOI $36,044 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$478.8K
$418.9K – $558.6K
NOI $33,513 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$719.4K
$629.5K – $839.3K
NOI $50,359 @ 7.0% cap · market cap 5.63%
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
1,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
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 - Two separately metered residences offer individual entrances, climate control, and in-unit laundry.
Where is this duplex located?
The property is located at 5205 N CENTRAL Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 3,088‑square‑foot duplex with two 1,544‑square‑foot units; Lower unit: 2/2 with den/dining room; upper unit: 3/2; Separate entrances, air conditioners, electric meters, washers, and dryers
