Renovated Two-Unit
For Sale
$320,000
1212 E CHILKOOT Avenue, Tampa, FL 33612
Residential, TAMPA, FL
Property Size1,664 SF
Lot Size0.24 Acres
Price / SF$192.31
Days on Market85
Property Features for 1212 E CHILKOOT Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Ceiling Fans(s)
Appliances
Range, Refrigerator, Washer
Subdivision
NEBRASKA AVE HEIGHTS
Directions
North on 41, East on Bougavillea, north on Lantana, Right onto Chilkoot
Standard status
Active
APN
A-18-28-19-452-000023-00025.0
Size
1,664 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NEBRASKA AVENUE HEIGHTS LOTS 25 TO 28 INCL BLOCK 23
Tax Annual Amount
5241
Legal Description
NEBRASKA AVENUE HEIGHTS LOTS 25 TO 28 INCL BLOCK 23
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
backyard
shed
central air conditioning
Building Details
Year built
1970
Floors in Building
2
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Patricia Salazar · License #3360674
(786) 523-5922
Added: Jun 10
Changed: Aug 20
Last Checked: Sep 2 at 4:06PM
MLS# TB8517879
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 renovated duplex contains 1,664 square feet arranged as two matching residences, each with two bedrooms and one bathroom. Both units have central air conditioning, electric heat, ceramic tile or laminate flooring, and access to a large backyard. A spacious shed adds enclosed utility space, while the property also includes a range, refrigerator, washer, ceiling fans, block construction, and a shingle roof.
The property occupies 0.24 acres at 1212 E Chilkoot Avenue in Tampa, within approximately five minutes of I-275. It is served by public water, with electricity available, and carries RS-50 zoning. Built in 1970, the duplex is described as income-producing and suitable for continued rental use or owner occupancy.
The property occupies 0.24 acres at 1212 E Chilkoot Avenue in Tampa, within approximately five minutes of I-275. It is served by public water, with electricity available, and carries RS-50 zoning. Built in 1970, the duplex is described as income-producing and suitable for continued rental use or owner occupancy.
Key Highlights
- Duplex with 1,664 square feet and two 2‑bedroom, 1‑bathroom units
- Renovated property with central air conditioning in each unit
- Large 0.24‑acre backyard with a spacious shed
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
$19,423
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
6.07%
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%
$388,460
$388.5K
Cap Rate 7%
$277,471
$277.5K
Cap Rate 9%
$215,811
$215.8K
Market Conditions
NOI Build-Up for 1,664 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
$29.8K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.7K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.4K $11.67/SF
Area
ZIP 33612
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%
$388,460
Cap Rate 7%
$277,471
Cap Rate 9%
$215,811
Alternative Uses
Best Use
Multifamily LT 5
$277.5K
$242.8K – $323.7K
NOI $19,423 @ 7.0% cap · market cap 6.07%
Second Best
Apartment 5plus
$258.0K
$225.7K – $301.0K
NOI $18,059 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$379.0K
$331.7K – $442.2K
NOI $26,533 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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?
Duplex - Two matching residences offer central air, practical finishes, and shared outdoor space with a storage shed.
Where is this duplex located?
The property is located at 1212 E CHILKOOT Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex with 1,664 square feet and two 2‑bedroom, 1‑bathroom units; Renovated property with central air conditioning in each unit; Large 0.24‑acre backyard with a spacious shed
