Triplex with Detached
For Sale
$599,000
1021 E CAYUGA Street, Tampa, FL 33603
Residential Income, TAMPA, FL
Property Size2,532 SF
Lot Size0.16 Acres
Price / SF$236.57
Days on Market20
Property Features for 1021 E CAYUGA Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
SH-RS
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 8, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 2, Bedroom 4
Parking features
Open, Oversize, Driveway, On Street
Interior features
High Ceilings
Exterior features
Lighting
Fireplace
1
Appliances
Range, Refrigerator
Subdivision
PHILLIP SUB
Directions
Head North on 275 to MLK exit. Take exit right to Nebraska Ave. Left on Nebraska. Right on Cayuga
Standard status
Active
APN
A-06-29-19-4LG-000000-00003.0
Size
2,532 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PHILLIP SUBDIVISION LOT 3
Tax Annual Amount
5088
Legal Description
PHILLIP SUBDIVISION LOT 3
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Flooring type
Tile, Carpet
Building materials
Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS ST PETE REALTY · Keller Williams Realty
(727) 894-1600
Listed By:
Sean Sandifer
(217) 343-7365
Added: Sep 21
Changed: Oct 10
Last Checked: Oct 10 at 5:06AM
MLS# TB8556500
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 comprises a main residence and a detached, two-story building containing two additional residences. The main home has a flexible floor plan, a fireplace, arched openings, and a covered front porch. The rear building has separate access and entry from the back alley. Combined, the property contains 2,532 square feet on a 0.16-acre lot and was built in 1926. SH-RS zoning is listed for the property.
The two residences in the detached building are leased through August 29, 2027, and September 30, 2027, respectively. The property is approximately 3 miles from Downtown Tampa and minutes from I-275. Public water and sewer are available, and the property has no HOA.
The two residences in the detached building are leased through August 29, 2027, and September 30, 2027, respectively. The property is approximately 3 miles from Downtown Tampa and minutes from I-275. Public water and sewer are available, and the property has no HOA.
Key Highlights
- Three living spaces across two buildings
- 2,532 square feet on a 0.16‑acre lot
- Detached, two‑story building with independent alley access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,555
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$591,100
$591.1K
Cap Rate 7%
$422,214
$422.2K
Cap Rate 9%
$328,389
$328.4K
Market Conditions
NOI Build-Up for 2,532 SF
Gross rent
$45.3K $17.88/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$42.2K $16.67/SF
− OpEx
−$12.7K −$5.00/SF
NOI
$29.6K $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 Rate 5%
$591,100
Cap Rate 7%
$422,214
Cap Rate 9%
$328,389
Alternative Uses
Best Use
Multifamily LT 5
$422.2K
$369.4K – $492.6K
NOI $29,555 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$392.6K
$343.5K – $458.0K
NOI $27,479 @ 7.0% cap · market cap 4.59%
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.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway 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
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate living spaces span a main home and a detached, two-story building with independent access.
Where is this triplex 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 living spaces across two buildings; 2,532 square feet on a 0.16‑acre lot; Detached, two‑story building with independent alley access
