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    2205 Irene St Lutz, FL 33549

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    For Sale
    $1,699,900

    Ten-unit multifamily property in Lutz, Florida with significant upgrades.

    Lot size:
    0.61 Acres

    Property Features for 2205 Irene St

    General Information

    Lot size
    0.61 Acres

    Building Details

    Year built
    1981

    Source: SENSIBLE PROPERTY MANAGMENT Agent Jason Welch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lutz Multifamily Investment Opportunity

    The Irene Street Apartments in Lutz, FL, present a multifamily investment opportunity. The offering includes two quadplexes and one duplex, totaling ten units with 100% occupancy. Each unit features a 2-bed/1-bath layout with approximately 705 SF. The sale encompasses three parcels located at 2203, 2205, and 2207 Irene Street. The buildings received new roofs in 2018. Many AC units have been replaced. Most units have been updated with new kitchen cabinets and countertops, new appliances, new flooring, and new bathroom features. The exteriors were painted in 2025, and the parking lot was repaved. Future ownership could potentially increase income by adding an on-site laundry facility.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lutz
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.433847
    Latitude
    28.08338

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    FAQs

    What type of property is this?
    Multifamily property - Ten-unit multifamily property in Lutz, Florida with significant upgrades.
    Where is this multifamily property located?
    The property is located at 2205 Irene St Lutz, FL.
    What is the asking price?
    The asking price for this property is $1,699,900.
    What are key features of this property?
    This property features: - 100% Occupancy across 10 Units; - Recently Updated Units: **New Kitchens, Appliances, Flooring, and Bathrooms**; - New Roofs Installed in 2018
    (727) 481-4502
    Request Owner's contact information
    2205 Irene St Lutz, FL 33549
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    Lutz, FL 33549
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2205 Irene St Lutz, FL 33549
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