3-Unit Multifamily
For Sale
$599,000
1021 E CAYUGA STREET, Tampa, FL 33603
A detached two-story building adds two updated residences with alley entry and separate parking.
Property Size2,532 SF
Price / SF$236.57
Days on Market8
Property Features for 1021 E CAYUGA STREET
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/1BA (main residence), 1 x 2BR/1BA (downstairs), 1 x 3BR/1BA (upstairs)
Multifamily Units
3
Additional Details
Gross Income
$57,600
Amenities
fireplace
covered front porch
0.16 acres, Dimensions: 48x145
Shingle
Public Sewer
Additional parcels description:, Parcel Number: A-06-29-19-4LG-000000-00003.0, Public Survey Range: 19, Public Survey Section: 06, Annual Amount: $5,087.51, Tax Block: 3, Tax Book Number: 11-2, Legal Description: PHILLIP SUBDIVISION LOT 3, Lot: 3, Year: 2024, Zoning: SH-RS
Carpet, Tile
Gross Income: $57,600
Central Air, Mini-Split Unit(s)
Central, Electric
Laundry Closet
Listing ID: MFRTB8556500, Standard Status: Active, MLS Status: Active, Property Subtype: Triplex, On market as of 2026-10-09, 1 day on market, Special Conditions: None
Common, Driveway, On Street, Open, Oversized
8 total bedrooms
Built in 1926, Living area: 2532, Living area units: Square Feet, Levels: One, Construction Materials: Frame
Subdivision: PHILLIP SUB, MLS Area (Major): 33603 - Tampa / Seminole Heights, County/Parish: Hillsborough
Fixer
3 total bathrooms
Cable Available, Electricity Available, Water Available, Water Connected, Water Source: Public
Living Room
Crawlspace
Road Surface: Paved
Lighting
High Ceilings
Range, Refrigerator
Building Details
Year Built
1926
Buildings
2
Listing Agency:
KELLER WILLIAMS ST PETE REALTY
(727) 894-1600
Listed By:
Sean Sandifer · License #3577683
(217) 343-7365
Source:
Miharaandassociates
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 14 at 11:46PM
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 KELLER WILLIAMS ST PETE REALTY
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Investment Insights
Based on property information with market context.
Built in 1926, the property includes a main residence and a detached, two-story building. The primary home has a covered front porch, arched openings, and a living-room fireplace; its layout accommodates either three bedrooms and one bath or two bedrooms plus an office, den, or flex room. The detached structure contains two updated residences: a ground-floor home with two bedrooms and one bath, and an upper-level home with three bedrooms and one bath.
The rear residences have separate access and parking, with entry available from the alley. Unit B is leased through August 29, 2027, and Unit C through September 30, 2027. The property is approximately 3 miles from Downtown Tampa and minutes from I-275. Walk Score is 80, Bike Score is 66, and Transit Score is 42. There is no HOA.
The rear residences have separate access and parking, with entry available from the alley. Unit B is leased through August 29, 2027, and Unit C through September 30, 2027. The property is approximately 3 miles from Downtown Tampa and minutes from I-275. Walk Score is 80, Bike Score is 66, and Transit Score is 42. There is no HOA.
Key Highlights
- Three separate residences across two buildings
- Main residence offers a 3‑bedroom, 1‑bath layout or a 2‑bedroom plan with office, den, or flex room
- Detached two‑story building has updated 2‑bedroom, 1‑bath and 3‑bedroom, 1‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,479
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,580
$549.6K
Cap Rate 7%
$392,557
$392.6K
Cap Rate 9%
$305,322
$305.3K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$53.8K $21.24/SF
− Vacancy
−$3.8K −$1.51/SF
EGI
$50.0K $19.73/SF
− OpEx
−$22.5K −$8.88/SF
NOI
$27.5K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,580
Cap Rate 7%
$392,557
Cap Rate 9%
$305,322
Alternative Uses
Best Use
Apartment 5plus
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$589.9K
$516.2K – $688.2K
NOI $41,292 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
917
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - A detached two-story building adds two updated residences with alley entry and separate parking.
Where is this multifamily property located?
The property is located at 1021 E CAYUGA STREET Tampa, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Three separate residences across two buildings; Main residence offers a 3‑bedroom, 1‑bath layout or a 2‑bedroom plan with office, den, or flex room; Detached two‑story building has updated 2‑bedroom, 1‑bath and 3‑bedroom, 1‑bath residences
