Remodeled Duplex Income
9613 N 15TH STREET A and B Tampa, FL 33612
9613 N 15TH STREET A and B, Tampa, FL, 33612
$395,000
Pending
For Sale
$395,000
Pending
Completely remodeled duplex with separate utilities and two updated units, including a new roof and electrical system.
Property Size1,404 SF
Days on Market442
Property Features for 9613 N 15TH STREET A and B
General Information
- Standard status
- Pending
- Size
- 1,404 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1980
Listing agency
RE/MAX MARKETING SPECIALISTS
(813) 744-4347
Listed by
Lori Rutherford · License #3464216
(813) 744-4347
Source
Exitrealty
Added: May 6, 2025 Updated: Jul 20 at 11:17PM Checked: Jul 21 at 6:22AM
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 RE/MAX MARKETING SPECIALISTS
Investment Insights
Based on property information with market context.
This completely remodeled duplex is turn-key and designed for straightforward rental income, with updates throughout the interior and exterior. Improvements listed include a new roof, electrical system, updated kitchens and bathrooms, new flooring, and freshly painted interior and exterior. A brand-new driveway is also included. The property is presented as a duplex with Unit 1 leased and Unit 2 currently vacant, and each unit has separate water and electric meters with tenants responsible for their own utilities.
The property is located at 9613 N 15TH STREET A and B in Tampa, FL. Public remarks indicate there is no HOA, no flood zone, and no CDD fees. Owner-reported annual expenses include insurance, yard maintenance, and property taxes.
Unit 1 is downstairs and leased at $1,550/month with guaranteed rent, while Unit 2 is upstairs and rents for $1,500/month and is now empty, providing the option for the next owner to manage the upcoming transition. Please do not disturb tenants; showings are coordinated as described in the remarks.
The property is located at 9613 N 15TH STREET A and B in Tampa, FL. Public remarks indicate there is no HOA, no flood zone, and no CDD fees. Owner-reported annual expenses include insurance, yard maintenance, and property taxes.
Unit 1 is downstairs and leased at $1,550/month with guaranteed rent, while Unit 2 is upstairs and rents for $1,500/month and is now empty, providing the option for the next owner to manage the upcoming transition. Please do not disturb tenants; showings are coordinated as described in the remarks.
Key Highlights
- Completely remodeled duplex inside and out (year built 1980) with updated roof, electrical system, kitchens, bathrooms, flooring, and interior/exterior paint
- New roof plus brand‑new driveway (not pictured); electrical system replaced as part of the remodel
- Unit 1 downstairs is leased for $1,550/month with guaranteed rent; downstairs lease nearing expiration
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 | $25.1k | $17.88 |
| − Vacancy | −$1.7k | −$1.21 |
| EGI | $23.4k | $16.67 |
| − OpEx | −$7.0k | −$5.00 |
| NOI | $16.4k | $11.67 |
1,404 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$319.8K
$279.9K – $373.1K
NOI $22,388 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Completely remodeled duplex with separate utilities and two updated units, including a new roof and electrical system.
Where is this duplex located?
The property is located at 9613 N 15TH STREET A and B Tampa, FL.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Completely remodeled duplex inside and out (year built 1980) with updated roof, electrical system, kitchens, bathrooms, flooring, and interior/exterior paint; New roof plus brand‑new driveway (not pictured); electrical system replaced as part of the remodel; Unit 1 downstairs is leased for $1,550/month with guaranteed rent; downstairs lease nearing expiration
