Seminole Heights South
1213 E NEW ORLEANS AVENUE Tampa, FL 33603
1213 E NEW ORLEANS AVENUE, Tampa, FL, 33603
$265,000
For Sale
$265,000
Two-story duplex in Seminole Heights South on large corner lot.
Property Size1,250 SF
Lot Size0.17 Acres
Price / SF$212
Days on Market566
Property Features for 1213 E NEW ORLEANS AVENUE
General Information
- Standard status
- Active
- Size
- 1,250 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1918
Listing Agency
SUNCOAST REALTY SOLUTIONS, LLC
(813) 309-4488
Listed by
Brad Monroe · License #3358198
(813) 309-4488
Source
Exitrealty
Added: Dec 27, 2024 Checked: Jul 16 at 6:34 am
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 SUNCOAST REALTY SOLUTIONS, LLC
Investment Insights
Based on property information with market context.
This two-story duplex, constructed in 1918, is located in Seminole Heights South, near the interstate, parks, and downtown. Situated on a large 60' x 120' corner lot equipped with a sprinkler system, the building has functioned as a duplex with two meters for over 40 years. The upstairs unit, remodeled approximately 10 years ago, features one bedroom and one bathroom. The modern kitchen includes a stainless steel range, refrigerator, microwave, and updated cabinets. The bathroom has a tiled walk-in shower, vanity, and commode. In addition to the bedroom, there is an extra room suitable for use as an office. The unit has laminate flooring and wall A/C. The downstairs unit includes two bedrooms, one bathroom with a tub, a large kitchen, and central A/C. The property requires work and is being sold as-is for investor rehab. The upstairs unit is rentable during repairs. The metal roof was damaged by Hurricane Milton and the property needs termite tenting. The property size is 1250 square feet.
Key Highlights
- Seminole Heights South Duplex on a large 60' x 120' corner lot.
- Two‑unit duplex with separate meters, operating as a duplex for 40+ years.
- The upstairs unit features a remodeled 1 bedroom, 1 bath with a modern kitchen and stainless steel appliances.
Local 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 | $22.4k | $17.88 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $20.8k | $16.67 |
| − OpEx | −$6.3k | −$5.00 |
| NOI | $14.6k | $11.67 |
1,250 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$208.4K
$182.4K – $243.2K
NOI $14,591 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$193.8K
$169.6K – $226.1K
NOI $13,566 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-story duplex in Seminole Heights South on large corner lot.
Where is this duplex located?
The property is located at 1213 E NEW ORLEANS AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Seminole Heights South Duplex on a large 60' x 120' corner lot.; Two‑unit duplex with separate meters, operating as a duplex for 40+ years.; The upstairs unit features a remodeled 1 bedroom, 1 bath with a modern kitchen and stainless steel appliances.
