Triplex with Metal
For Sale
$574,900
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$138.46
Days on Market56
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
(904) 687-7876
Source:
Endlesssummerrealty
Added: Jul 21
Changed: Sep 14
Last Checked: Sep 14 at 8:22AM
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
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
$48,464
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
8.43%
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%
$969,280
$969.3K
Cap Rate 7%
$692,343
$692.3K
Cap Rate 9%
$538,489
$538.5K
Market Conditions
NOI Build-Up for 4,152 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
$74.2K $17.88/SF
− Vacancy
−$5.0K −$1.21/SF
EGI
$69.2K $16.67/SF
− OpEx
−$20.8K −$5.00/SF
NOI
$48.5K $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 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%
$969,280
Cap Rate 7%
$692,343
Cap Rate 9%
$538,489
Alternative Uses
Best Use
Multifamily LT 5
$692.3K
$605.8K – $807.7K
NOI $48,464 @ 7.0% cap · market cap 8.43%
Second Best
Apartment 5plus
$643.7K
$563.3K – $751.0K
NOI $45,060 @ 7.0% cap · market cap 7.84%
Theoretical Best
Office A
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - 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 $574,900.
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
