Triplex Property with
For Sale
$495,000
1014 W MOHAWK Avenue, Tampa, FL 33603
Residential Income, TAMPA, FL
Property Size1,210 SF
Lot Size0.17 Acres
Price / SF$409.09
Days on Market54
Property Features for 1014 W MOHAWK Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS-50
Bedrooms
1
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Dining Room, Bathroom 2
Interior features
Living Room/Dining Room Combo, Open Floorplan
Exterior features
Outbuildings, Lighting, Private Mailbox
Subdivision
RIVERSIDE ESTATES
Directions
W on Hillsborough Ave, Right on Mckay, Right on Mohawk, Property on right
Standard status
Active
APN
A-35-28-18-3H3-000010-00014.0
Size
1,210 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
RIVERSIDE ESTATES LOT 14 BLOCK 10
Tax Annual Amount
1816
Legal Description
RIVERSIDE ESTATES LOT 14 BLOCK 10
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1945
Building materials
Frame
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Eric Bogert · License #3320653
(813) 362-2555
Added: Aug 10
Changed: Sep 28
Last Checked: Oct 2 at 6:06AM
MLS# TB8537300
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 triplex-classified property contains 1,210 square feet across multiple structures on 0.17 acres. The primary residence provides 810 square feet with one bedroom and an office, while a separate 400-square-foot efficiency has been remodeled. An additional garage includes a kitchenette and bathroom, with potential for storage or further improvement. Two sheds provide supplementary outbuilding space, and the site includes a substantial parking area.
The property is located in Tampa’s 33603 ZIP code, approximately one block from the Hillsborough River, and is identified as being in flood zone X. Public water and public sewer serve the property. Built in 1945, the improvements feature frame construction, shingle roofing, central heating, and central air conditioning. Zoning is RS-50.
The property is located in Tampa’s 33603 ZIP code, approximately one block from the Hillsborough River, and is identified as being in flood zone X. Public water and public sewer serve the property. Built in 1945, the improvements feature frame construction, shingle roofing, central heating, and central air conditioning. Zoning is RS-50.
Key Highlights
- 1,210‑square‑foot property on 0.17 acres
- 810‑square‑foot main residence with one bedroom and an office
- Remodeled 400‑square‑foot efficiency
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
$14,124
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
2.85%
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%
$282,480
$282.5K
Cap Rate 7%
$201,771
$201.8K
Cap Rate 9%
$156,933
$156.9K
Market Conditions
NOI Build-Up for 1,210 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
$21.6K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.2K $16.67/SF
− OpEx
−$6.1K −$5.00/SF
NOI
$14.1K $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%
$282,480
Cap Rate 7%
$201,771
Cap Rate 9%
$156,933
Alternative Uses
Best Use
Multifamily LT 5
$201.8K
$176.6K – $235.4K
NOI $14,124 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$187.6K
$164.2K – $218.9K
NOI $13,132 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$281.9K
$246.7K – $328.9K
NOI $19,733 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
575
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multiple structures include a remodeled efficiency and a garage with kitchenette and bathroom.
Where is this triplex located?
The property is located at 1014 W MOHAWK Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,210‑square‑foot property on 0.17 acres; 810‑square‑foot main residence with one bedroom and an office; Remodeled 400‑square‑foot efficiency
