Two-Unit Income
9402 N SEMMES STREET Tampa, FL 33612
9402 N SEMMES STREET, Tampa, FL, 33612
$379,900
Pending
For Sale
$379,900
Pending
Two-story duplex with two separate units, each with private entrance and separate electrical meters.
Property Size2,016 SF
Days on Market532
Property Features for 9402 N SEMMES STREET
General Information
- Standard status
- Pending
- Size
- 2,016 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1988
Listing agency
OMEGA RE GROUP LLC
(813) 390-9670
Listed by
Jeff Stevens · License #3328533
(813) 390-9670
Source
Exitrealty
Added: Feb 6, 2025 Updated: Jul 22 at 1:14AM Checked: Jul 22 at 8:31AM
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 OMEGA RE GROUP LLC
Investment Insights
Based on property information with market context.
Well-maintained two-story duplex configured as two separate units, each with its own private entrance and separate electrical meters. The downstairs unit is a 4-bedroom, 2-bath layout and is recently vacant, available for walk-throughs and showings. The upstairs unit is a 3-bedroom, 2-bath apartment and is currently leased on a month-to-month agreement with a private tenant; rent is paid in full and current as of this listing.
The property has previously been rented through the Tampa Housing Authority and is stated to be Section 8 approved. Before the last tenant vacated due to the sale, the property produced rental income of $4,000 per month.
With separate unit access and metering already in place, the building offers a straightforward two-tenant setup within a residential income property structure.
The property has previously been rented through the Tampa Housing Authority and is stated to be Section 8 approved. Before the last tenant vacated due to the sale, the property produced rental income of $4,000 per month.
With separate unit access and metering already in place, the building offers a straightforward two-tenant setup within a residential income property structure.
Key Highlights
- Two‑story multi‑unit duplex built in 1988 with two separate units
- Each unit has its own private entrance and separate electrical meters
- Downstairs unit: 4 bedrooms, 2 bathrooms; recently vacant and available for walk‑throughs
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 | $36.0k | $17.88 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $33.6k | $16.67 |
| − OpEx | −$10.1k | −$5.00 |
| NOI | $23.5k | $11.67 |
2,016 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$336.2K
$294.2K – $392.2K
NOI $23,532 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$312.6K
$273.5K – $364.7K
NOI $21,879 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$459.2K
$401.8K – $535.8K
NOI $32,146 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-story duplex with two separate units, each with private entrance and separate electrical meters.
Where is this duplex located?
The property is located at 9402 N SEMMES STREET Tampa, FL.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑story multi‑unit duplex built in 1988 with two separate units; Each unit has its own private entrance and separate electrical meters; Downstairs unit: 4 bedrooms, 2 bathrooms; recently vacant and available for walk‑throughs
