Remodeled Duplex with Private
New
For Sale
$305,000
10123 N 11TH STREET #A, Tampa, FL 33612
Two residential units feature updated kitchens, tile flooring, and individual washer and dryer hookups.
Property Size1,248 SF
Price / SF$244.39
Days on Market5
Property Features for 10123 N 11TH STREET #A
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
fenced private yard
washer and dryer hookups
Building Details
Year Built
1972
Buildings
1
Listing Agency:
REALTY BLU
(813) 221-4890
Listed By:
Gabriel Molinet · License #3351376
Source:
Endlesssummerrealty
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 16 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REALTY BLU
Investment Insights
Based on property information with market context.
Located at 10123 N 11th Street #A in Tampa, this 1,248-square-foot duplex was built in 1972 and has been fully remodeled. The two-unit layout includes updated kitchens, tile flooring throughout both residences, and washer and dryer hookups for each unit.
Unit 1 features shaker-style cabinetry, granite countertops, and a fully fenced private yard. Unit 2 includes an updated kitchen and bathroom. Additional side yard space provides room for recreation or storage, with any future income use subject to buyer verification.
The property offers access to public transportation, major roadways, universities, shopping, employers, and everyday amenities.
Unit 1 features shaker-style cabinetry, granite countertops, and a fully fenced private yard. Unit 2 includes an updated kitchen and bathroom. Additional side yard space provides room for recreation or storage, with any future income use subject to buyer verification.
The property offers access to public transportation, major roadways, universities, shopping, employers, and everyday amenities.
Key Highlights
- 1,248‑square‑foot duplex built in 1972
- Fully remodeled two‑unit property in Tampa
- Unit 1 includes shaker‑style cabinetry, granite countertops, tile flooring, and a fully fenced private yard
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
$14,567
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
4.78%
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%
$291,340
$291.3K
Cap Rate 7%
$208,100
$208.1K
Cap Rate 9%
$161,856
$161.9K
Market Conditions
NOI Build-Up for 1,248 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
$22.3K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.8K $16.67/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$14.6K $11.67/SF
Area
ZIP 33612
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%
$291,340
Cap Rate 7%
$208,100
Cap Rate 9%
$161,856
Alternative Uses
Best Use
Multifamily LT 5
$208.1K
$182.1K – $242.8K
NOI $14,567 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,544 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$284.3K
$248.8K – $331.7K
NOI $19,900 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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 residential units feature updated kitchens, tile flooring, and individual washer and dryer hookups.
Where is this duplex located?
The property is located at 10123 N 11TH STREET #A Tampa, FL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,248‑square‑foot duplex built in 1972; Fully remodeled two‑unit property in Tampa; Unit 1 includes shaker‑style cabinetry, granite countertops, tile flooring, and a fully fenced private yard
