South Tampa Multifamily Redevelopment
For Sale
$695,000
114 S BUNGALOW PARK Ave, Tampa, FL 33609
Two multifamily parcels totaling over 12,300 sqft for sale.
Property Size2,160 SF
Lot Size0.28 Acres
Price / SF$653.20
Days on Market118
Property Features for 114 S BUNGALOW PARK Ave
General Information
Standard status
Active
Size
2,160 SF
Lot size
0.28 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$15,735
Building Details
Building Size
2,160 SF
Year Built
1940
Listing Agency:
Richard Peters Realty LLC
(781) 996-9676
Listed By:
Alexander Izikson · License #3590476
(781) 996-9676
Source:
Elliman
Added: Apr 15
Changed: Aug 8
Last Checked: Jul 16 at 9:08AM
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 Richard Peters Realty LLC
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire two neighboring corner lots, totaling over 12,300 sqft, in a rapidly developing area of South Tampa. The properties, located at 114 S Bungalow Park Ave and 2801 W Cleveland St, are zoned RM-16 multifamily, with each parcel approximately 0.14 acres. The site currently features three structures in fair condition, including a 1064 sqft single-family home with two bedrooms and one bathroom, and two duplexes, each with two 1 bed/1 bath units, sized at 1092 sqft and 1002 sqft respectively, totaling 5 units. The location is within the Mitchell-Wilson-Plant school district and offers convenient access to groceries, shopping, dining, nightlife in Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, and the University of Tampa. The site is positioned as a prime redevelopment opportunity, with potential for constructing sizable townhomes, subject to buyer verification. The corner lot positioning enhances design flexibility and accessibility. The properties can be redeveloped into high-end townhomes, held for rental income, or developed in phases.
Key Highlights
- Prime location in South Tampa, minutes from Hyde Park, Midtown, and Downtown Tampa, with easy access to amenities, I‑275, and the airport.
- Rare opportunity to acquire two adjacent corner lots totaling over 12,300 sqft with RM‑16 multifamily zoning.
- High redevelopment potential in a proven townhome corridor, likely approval for 5 townhomes (buyer to verify).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
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?
Residential land & home lot - Two multifamily parcels totaling over 12,300 sqft for sale.
Where is this residential land & home lot located?
The property is located at 114 S BUNGALOW PARK Ave Tampa, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Prime location in South Tampa, minutes from Hyde Park, Midtown, and Downtown Tampa, with easy access to amenities, I‑275, and the airport.; Rare opportunity to acquire two adjacent corner lots totaling over 12,300 sqft with RM‑16 multifamily zoning.; High redevelopment potential in a proven townhome corridor, likely approval for 5 townhomes (buyer to verify).
