Four-Unit Multifamily
New
For Sale
$349,995
12515 FOUR OAKS Road, Tampa, FL 33624
Residential Income, TAMPA, FL
Property Size2,016 SF
Lot Size0.23 Acres
Price / SF$173.61
Days on Market6
Property Features for 12515 FOUR OAKS Road
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RSC-9
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 5
Interior features
Ceiling Fans(s)
Exterior features
Lighting
Subdivision
NORTH END TERRACE
Directions
From Dale Mabry Highway, head north toward the Carrollwood/North Tampa area and turn west onto Bearss Avenue (or Fletcher Avenue, depending on your starting point). From there, make your way north toward the neighborhood to find Four Oaks Road.
Standard status
Active
APN
U-08-28-18-0Y3-000000-00128.0
Size
2,016 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH END TERRACE LOTS 128 AND 129
Tax Annual Amount
3818
Legal Description
NORTH END TERRACE LOTS 128 AND 129
Utilities
Sewer type
Septic Tank
Heating system
Ductless (Heating), Central
Cooling system
Central Air, Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1983
Building materials
Vinyl Siding
Roof type
Shingle, Metal
Listing Agency:
REALNET FLORIDA REAL ESTATE
(813) 288-8000
Listed By:
Timothy Trimbath
(863) 944-1519
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 21 at 7:06AM
MLS# L4965860
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.
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Investment Insights
Based on property information with market context.
This Tampa multifamily property comprises two independent manufactured homes arranged as four rental units across one parcel. The combined building area is 2,016 square feet, and the site measures 0.23 acres. The homes were built in 1983 and have vinyl siding, ceiling fans, and exterior lighting. Heating includes central and ductless systems; cooling includes central air and window or wall units.
Recent system work includes HVAC replacements in 2025 and 2022, a well pump installed in 2022, and a septic system installed in 2022. The property uses well water and a septic tank, and is zoned RSC-9. The listing identifies no HOA or CDD restrictions.
Recent system work includes HVAC replacements in 2025 and 2022, a well pump installed in 2022, and a septic system installed in 2022. The property uses well water and a septic tank, and is zoned RSC-9. The listing identifies no HOA or CDD restrictions.
Key Highlights
- Four rental units across two independent manufactured homes
- 2,016 square feet on a 0.23‑acre parcel
- HVAC systems updated in 2025 and 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,879
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,580
$437.6K
Cap Rate 7%
$312,557
$312.6K
Cap Rate 9%
$243,100
$243.1K
Market Conditions
NOI Build-Up for 2,016 SF
Gross rent
$42.8K $21.24/SF
− Vacancy
−$3.0K −$1.51/SF
EGI
$39.8K $19.73/SF
− OpEx
−$17.9K −$8.88/SF
NOI
$21.9K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,580
Cap Rate 7%
$312,557
Cap Rate 9%
$243,100
Alternative Uses
Best Use
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$469.7K
$411.0K – $548.0K
NOI $32,877 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 33624, FL
38,929
Population
15,838
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
4,278
Density / Sq Mi
$81,039
Median Household Income
$46,807
Median Earnings
$1,658
Median Rent
$353,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate manufactured homes provide rental units on one parcel in Tampa.
Where is this multifamily property located?
The property is located at 12515 FOUR OAKS Road Tampa, FL.
What is the asking price?
The asking price for this property is $349,995.
What are key features of this property?
This property features: Four rental units across two independent manufactured homes; 2,016 square feet on a 0.23‑acre parcel; HVAC systems updated in 2025 and 2022
