Triplex with Metal
For Sale
$599,900
1212 E 25TH AVENUE, Tampa, FL 33605
Legal triplex with one unit vacant for owner occupancy and updates including a metal roof and mini-split A/C systems.
Property Size4,152 SF
Price / SF$144.48
Days on Market11
Property Features for 1212 E 25TH AVENUE
General Information
Standard status
Active
Size
4,152 SF
Property subtype
Triplex
Additional Details
Highway Access
Yes
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX REALTY UNLIMITED
(813) 684-0016
Listed By:
Lisa Dean · License #3127624
Source:
Endlesssummerrealty
Added: Jul 21
Changed: Jul 30
Last Checked: Jul 31 at 5:53AM
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 RE/MAX REALTY UNLIMITED
Investment Insights
Based on property information with market context.
1212 E 25th Avenue is a legal triplex built in 1925, totaling 4,152 square feet. The property has one unit currently vacant for immediate owner occupancy, while the other two units are producing rental income. Updates throughout include new luxury flooring, modern shaker cabinetry, granite countertops, and fresh neutral paint.
Major systems have been addressed over the past several years, including a metal roof (approximately 10 years old), updated copper electrical, mini-split A/C systems (approximately 5 years old), water heaters (approximately 2–5 years old), and the main plumbing line to the street replaced approximately 3 years ago. The rear of the property also provides off-street parking for tenants and guests.
Positioned between Historic Ybor City, Seminole Heights, and Tampa Heights, the home is set up for convenient access to Downtown Tampa, Armature Works, the Tampa Riverwalk, Water Street Tampa, Sparkman Wharf, Channelside, the Port of Tampa, Midtown Tampa, and Interstate 275. Buyers may want to review opportunities to enhance an existing outbuilding or further maximize income potential, subject to City of Tampa approval and buyer verification.
Major systems have been addressed over the past several years, including a metal roof (approximately 10 years old), updated copper electrical, mini-split A/C systems (approximately 5 years old), water heaters (approximately 2–5 years old), and the main plumbing line to the street replaced approximately 3 years ago. The rear of the property also provides off-street parking for tenants and guests.
Positioned between Historic Ybor City, Seminole Heights, and Tampa Heights, the home is set up for convenient access to Downtown Tampa, Armature Works, the Tampa Riverwalk, Water Street Tampa, Sparkman Wharf, Channelside, the Port of Tampa, Midtown Tampa, and Interstate 275. Buyers may want to review opportunities to enhance an existing outbuilding or further maximize income potential, subject to City of Tampa approval and buyer verification.
Key Highlights
- Legal triplex with one unit vacant for immediate owner occupancy while two units produce rental income
- Metal roof approximately 10 years old
- Mini‑split A/C systems approximately 5 years old
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.2k | $17.88 |
| − Vacancy | −$5.0k | −$1.21 |
| EGI | $69.2k | $16.67 |
| − OpEx | −$20.8k | −$5.00 |
| NOI | $48.5k | $11.67 |
4,152 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,464 @ 7.0% cap · market cap 8.08%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,060 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
664
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
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Frequently Asked Questions
What type of property is this?
Triplex - Legal triplex with one unit vacant for owner occupancy and updates including a metal roof and mini-split A/C systems.
Where is this triplex located?
The property is located at 1212 E 25TH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Legal triplex with one unit vacant for immediate owner occupancy while two units produce rental income; Metal roof approximately 10 years old; Mini‑split A/C systems approximately 5 years old
