Back to Search

Income-Producing Multifamily Property Near Downtown

316 W COLUMBUS Dr, Tampa, FL 33602

View on Map

For Sale

$999,999

Fully rented multi-unit property with development potential near Armature Works.

Type:Investment

HighLights

Fully rented property with immediate income and strong cash flow.
Prime location near Armature Works, Downtown Tampa, and the Riverwalk.
Multiple rental configurations designed to maximize cash flow.
Future development potential in a rapidly growing corridor.
Multiple structures including a main building with units and a detached cottage.
Strong rental flexibility with a mix of unit sizes (1‑4 bedrooms).

We can help!

Listing Contact

Jimmy Brylinke, II

Learn more

For Sale

$999,999

Fully rented multi-unit property with development potential near Armature Works.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:29 pm

Property Features for 316 W COLUMBUS Dr

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1921

We can help!

Listing Contact

Jimmy Brylinke, II

Listing agent Jimmy Brylinke, II License #3257716

Listing office

Listing date Apr 24, 2026

Source Elliman

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 Jimmy Brylinke, II

HighLights

Fully rented property with immediate income and strong cash flow.
Prime location near Armature Works, Downtown Tampa, and the Riverwalk.
Multiple rental configurations designed to maximize cash flow.
Future development potential in a rapidly growing corridor.
Multiple structures including a main building with units and a detached cottage.
Strong rental flexibility with a mix of unit sizes (1‑4 bedrooms).

Overview

This income-producing multifamily property is located minutes from Armature Works and Downtown Tampa. The property features multiple structures, offering rental flexibility and future development potential in a rapidly growing area. The front building includes a 4-bedroom, 2-bath layout currently configured into four individual units, plus an upstairs 2-bedroom, 1-bath unit and an additional 1-bedroom, 1-bath unit below. A detached 1-bedroom, 1-bath cottage at the rear of the property provides additional income. Property features include community laundry and private laundry inside the 4/2 unit. The rental configurations are designed to maximize cash flow. The location is near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs. The property is fully rented with immediate income. It offers strong cash flow with long-term appreciation and redevelopment upside, making it suitable for investors seeking stabilized returns in a high-demand area. The property has a bike score of 72, indicating it is very bikeable. The walk score is 53, meaning it is somewhat walkable, and the transit score is 37, indicating some transit options are available.

Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Location Insight

Map
Local Demand

City: Tampa
County: Hillsborough
State: Florida
Longitude: -82.465063
Latitude: 27.9666507

Nearby Similar for Sale

$1,500,000

2,800 SF

South Tampa Flex Building

Flex building with three units, storage, and parking.

5001 S MACDILL AVENUE, TAMPA, FL 33611

View Details
$2,200,000

8,492 SF

Retail Office Strip Center

Multi-unit retail and office strip center with 8 occupied units and 2 vacancies on a major Tampa corridor.

4211 E BUSCH BOULEVARD, TAMPA, FL 33617

View Details
$1,500,000

3,990 SF

Medical Office with Two Suites

Medical-office configured property with two suites and CG zoning, suited for owner-users and professional tenants.

4109 N ARMENIA, TAMPA, FL 33607

View Details
$780,000

2,730 SF

Updated Professional Office Building

Updated office building with private suites, reception, and conference space, supported by replaced HVAC and dedicated parking.

13506 N ROME AVENUE, TAMPA, FL 33613

View Details
$2,693,480

15,844 SF

Industrial Flex Facility with Showroom

Owner-user industrial flex with high-clear warehouse, showroom/office, and multiple grade-level and receiving doors along a high-traffic corridor.

9945 RACE TRACK ROAD, TAMPA, FL 33626

View Details
$1,950,000

6,780 SF

Spacious Industrial Building on Large Lot

6,780 SF commercial building on 1.8-acre lot in Tampa.

5802 N OCCIDENT STREET, TAMPA, FL 33614

View Details
$525,000

2,112 SF

Versatile Tampa Medical Office Building

Move-in ready office building near USF, ideal for investors.

13308 WINDING OAK COURT, TAMPA, FL 33612

View Details
$1,650,000

5,242 SF

High-Exposure Commercial Building Near Busch Gardens

Two-story commercial building with high visibility and strong income potential.

3601 E Busch Boulevard, Tampa, FL 33612

View Details
$879,000

1,435 SF

Luxury Garage Condominium in Tampa

Customizable 1,435 SF garage condo in premier motorsports community.

6500 MOTOR ENCLAVE WAY, TAMPA, FL 33610

View Details
$575,000

1,528 SF

Versatile Mixed-Use Property in Tampa

High-visibility commercial property with flexibility and upside potential.

2807 LOCICERO DRIVE, TAMPA, FL 33619

View Details
$1,200,000

6,780 SF

Tampa Engineering Service Company Business

50-year-old geotechnical engineering and construction materials testing firm for sale.

5802 N OCCIDENT STREET, TAMPA, FL 33614

View Details
$1,430,000

5,201 SF

Tampa Mixed-Use Investment Opportunity

Income-producing property with commercial space and residential units.

4624 N HUBERT AVENUE, TAMPA, FL 33614

View Details

For sale
Multifamily properties
FL
Tampa
33602
316 W COLUMBUS Dr

What type of property is this?

Multifamily property - Fully rented multi-unit property with development potential near Armature Works.

Where is this multifamily property located?

The property is located at 316 W COLUMBUS Dr Tampa, FL.

What is the asking price?

The asking price for this property is $999,999.

What are key features of this property?

This property features: Fully rented property with immediate income and strong cash flow.; Prime location near Armature Works, Downtown Tampa, and the Riverwalk.; Multiple rental configurations designed to maximize cash flow.