Upgraded Duplex with Separate
For Sale
Under Contract
$310,000
8306 N 17TH Street, Tampa, FL 33604
Residential Income, TAMPA, FL
Property Size1,404 SF
Lot Size0.12 Acres
Price / SF$220.80
Days on Market53
Property Features for 8306 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Family Room, Laundry Room, Bedroom 3, Bathroom 2, Bedroom 2
Interior features
Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Thermostat
Exterior features
Private Entrance, Private Mailbox, Private Yard, Storage
Subdivision
HENDRY & KNIGHTS ADD TO
Directions
Head West on E Fowler Ave toward N 22nd St. Turn South (Left) onto N 22nd St and continue straight for about 2 miles. Turn West (Right) onto E Waters Ave and drive for about 0.4 miles. Turn South (Left) onto N 17th St and head straight down; the destination will be on your Right past Yukon St.
Standard status
Active Under Contract
APN
A-30-28-19-46S-000000-00138.0
Size
1,404 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HENDRY AND KNIGHTS ADDITION TO SULPHUR SPRINGS LOT 138 & E 1/2 CLOSED ALLEY ABUTTING THEREON
Tax Annual Amount
4402
Legal Description
HENDRY AND KNIGHTS ADDITION TO SULPHUR SPRINGS LOT 138 & E 1/2 CLOSED ALLEY ABUTTING THEREON
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Ian Brauchli · License #3361720
(813) 614-6959
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 10 at 4:06PM
MLS# TB8532669
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 two 2-bedroom, 1-bathroom units within 1,404 square feet on a 0.12-acre lot. Built in 1981, the property has a shingle roof installed in 2020, updated plumbing from 2019, and a brand-new AC system. Unit A includes an in-unit washer and dryer, while Unit B has a new refrigerator. Interior features include eat-in kitchens, open floor plans, kitchen-family room combinations, and thermostats. Block construction, private entrances, private yards, storage, and private mailboxes add to the physical configuration.
Separate electric meters allow residents to pay their own electric service. Water, sewer, trash, and lawn care are covered by the landlord. The property uses public water and public sewer and is located at 8306 N 17TH Street in Tampa, near Seminole Heights, USF, and Downtown.
Separate electric meters allow residents to pay their own electric service. Water, sewer, trash, and lawn care are covered by the landlord. The property uses public water and public sewer and is located at 8306 N 17TH Street in Tampa, near Seminole Heights, USF, and Downtown.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units totaling 1,404 square feet
- 0.12‑acre lot with RS‑50 zoning
- 2020 shingle roof and 2019 plumbing updates
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
$16,388
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
5.29%
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%
$327,760
$327.8K
Cap Rate 7%
$234,114
$234.1K
Cap Rate 9%
$182,089
$182.1K
Market Conditions
NOI Build-Up for 1,404 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
$25.1K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.4K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.4K $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%
$327,760
Cap Rate 7%
$234,114
Cap Rate 9%
$182,089
Alternative Uses
Best Use
Multifamily LT 5
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - The property is zoned RS-50 and connected to public water and sewer.
Where is this duplex located?
The property is located at 8306 N 17TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units totaling 1,404 square feet; 0.12‑acre lot with RS‑50 zoning; 2020 shingle roof and 2019 plumbing updates
