Updated Four-Unit
For Sale
$510,000
1028 E 17TH AVE, Tampa, FL 33629
Four residential units offer a varied one- and two-bedroom configuration with ongoing professional management.
Property Size2,279 SF
Price / SF$223.78
Days on Market56
Property Features for 1028 E 17TH AVE
General Information
Standard status
Active
Size
2,279 SF
Property subtype
Quadruplex
Occupancy
100%
Units
Unit Mix
3 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Gross Income
$52,200
Building Details
Year Built
1915
Listing Agency:
CAPITAL CALDWELL LLC
(813) 944-2468
Listed By:
Joseph Caldwell · License #3158056
(813) 728-0274
Source:
Endlesssummerrealty
Added: Aug 20
Changed: Oct 13
Last Checked: Oct 12 at 8:18PM
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 CAPITAL CALDWELL LLC
Investment Insights
Based on property information with market context.
Built in 1915, this four-unit multifamily property includes three one-bedroom, one-bath residences and one two-bedroom, one-bath residence. Individual units have been refreshed as vacancies occurred, and a portion of the roof has been replaced. Professional management has been in place since 2022.
The property is identified in Ybor City near downtown Tampa, shopping, restaurants, entertainment, and major roadways. Walk Score is 62, Bike Score is 56, and Transit Score is 39, providing measurable access characteristics for residents. The existing unit mix and documented updates provide a straightforward residential income configuration.
The property is identified in Ybor City near downtown Tampa, shopping, restaurants, entertainment, and major roadways. Walk Score is 62, Bike Score is 56, and Transit Score is 39, providing measurable access characteristics for residents. The existing unit mix and documented updates provide a straightforward residential income configuration.
Key Highlights
- Four total units: three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
- Units updated between tenant vacancies
- Professional property management in place since 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,601
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,020
$532.0K
Cap Rate 7%
$380,014
$380.0K
Cap Rate 9%
$295,567
$295.6K
Market Conditions
NOI Build-Up for 2,279 SF
Gross rent
$40.7K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$38.0K $16.67/SF
− OpEx
−$11.4K −$5.00/SF
NOI
$26.6K $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%
$532,020
Cap Rate 7%
$380,014
Cap Rate 9%
$295,567
Alternative Uses
Best Use
Multifamily LT 5
$380.0K
$332.5K – $443.4K
NOI $26,601 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$353.3K
$309.2K – $412.2K
NOI $24,733 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$530.9K
$464.6K – $619.4K
NOI $37,166 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,803
Businesses Nearby
Explore this area
Business Placement
Demographics for 33629, FL
26,394
Population
11,237
Households
2.3
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
5,499
Density / Sq Mi
$158,337
Median Household Income
$88,821
Median Earnings
$1,758
Median Rent
$764,100
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?
Quadplex - Four residential units offer a varied one- and two-bedroom configuration with ongoing professional management.
Where is this quadplex located?
The property is located at 1028 E 17TH AVE Tampa, FL.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four total units: three 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit; Units updated between tenant vacancies; Professional property management in place since 2022
