Multifamily Investment Opportunity in
For Sale
$995,000
911 East 108th Avenue, Tampa, FL 33605
Portfolio of three duplexes, six units, near Ybor City.
Property Size4,770 SF
Price / SF$208.60
Days on Market279
Property Features for 911 East 108th Avenue
General Information
Standard status
Active
Size
4,770 SF
Property subtype
Multifamily
Building Details
Building Size
4,770 SF
Year Built
1983
Listing Agency:
SVN | Commercial Advisory Group Sarasota
(941) 223-1525
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 17
Last Checked: Aug 26 at 7:01AM
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 SVN | Commercial Advisory Group Sarasota
Investment Insights
Based on property information with market context.
This multifamily investment opportunity features a portfolio of three duplexes, totaling six units. Each unit includes 2 bedrooms, 1 bathroom, and 795 square feet of living space. The property is located near the historic Ybor City district, offering a blend of culture, dining, and entertainment. The area is a hub for diverse industries, including finance, healthcare, and technology. The location provides easy access to landmarks such as the Tampa Riverwalk and the Tampa Convention Center. The property is well-positioned for strong occupancy rates and sustained demand, presenting an opportunity for investors seeking stable rental income, long-term appreciation, and value-add potential. New roofs were installed in 2020. There is potential for higher rents. The total property size is 4770 square feet.
Key Highlights
- Portfolio of three duplexes (six units total) provides a substantial investment opportunity.
- Each unit features 2 bedrooms and 1 bathroom, a desirable and easily rentable configuration.
- New roofs installed in 2020, reducing near‑term maintenance costs.
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
$51,767
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
5.20%
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%
$1,035,340
$1.0M
Cap Rate 7%
$739,529
$739.5K
Cap Rate 9%
$575,189
$575.2K
Market Conditions
NOI Build-Up for 4,770 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
$101.3K $21.24/SF
− Vacancy
−$7.2K −$1.51/SF
EGI
$94.1K $19.73/SF
− OpEx
−$42.4K −$8.88/SF
NOI
$51.8K $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 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%
$1,035,340
Cap Rate 7%
$739,529
Cap Rate 9%
$575,189
Alternative Uses
Best Use
Apartment 5plus
$739.5K
$647.1K – $862.8K
NOI $51,767 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.4K – $1.30M
NOI $77,789 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of three duplexes, six units, near Ybor City.
Where is this apartment building located?
The property is located at 911 East 108th Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Portfolio of three duplexes (six units total) provides a substantial investment opportunity.; Each unit features 2 bedrooms and 1 bathroom, a desirable and easily rentable configuration.; New roofs installed in 2020, reducing near‑term maintenance costs.
