Duplex with Separate Electric
301 W WOODLAWN AVENUE Tampa, FL 33603
For Sale
$474,900
Pending
Two 2BR/1BA units with covered carports, outdoor storage, and washer/dryer hookups.
Property Size2,116 SF
Days on Market512
Property Features for 301 W WOODLAWN AVENUE
General Information
- Standard status
- Pending
- Size
- 2,116 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing Agency:
MANGROVE BAY REALTY LLC
(813) 244-3959
Listed By:
Valarie Gerbus · License #3426292
(813) 244-3959
Source:
Exitrealty
Added: Mar 1, 2025
Changed: Jul 22
Last Checked: Jul 25 at 5:02AM
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 MANGROVE BAY REALTY LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate residential units, each with 2 bedrooms and 1 bathroom. Both sides include 1,058 square feet of living space, a covered carport, and additional outdoor storage. Washer/dryer hookups are available in each unit, and the property has separate electric meters for the units.
Unit 301 is currently vacant, while Unit 305 is leased, providing immediate income for a new owner. Recent building improvements include a brand-new shingle roof installed in 2024, newer HVAC systems replaced in 2018 for both units, fresh blown-in insulation, and sewer drain lines replaced in 2022. The property also carries a preventive termite pest control plan with a transferable warranty, and it is not located in a flood zone.
The property is at 301 W Woodland Ave in Tampa and is described as within walking distance of Robles Park, Plymouth Park, and the Hillsborough River, with restaurants and breweries along the Tampa Street corridor. Armature Works and the Riverfront District are noted as less than a mile away, and downtown Tampa is described as about a 2-mile drive.
Unit 301 is currently vacant, while Unit 305 is leased, providing immediate income for a new owner. Recent building improvements include a brand-new shingle roof installed in 2024, newer HVAC systems replaced in 2018 for both units, fresh blown-in insulation, and sewer drain lines replaced in 2022. The property also carries a preventive termite pest control plan with a transferable warranty, and it is not located in a flood zone.
The property is at 301 W Woodland Ave in Tampa and is described as within walking distance of Robles Park, Plymouth Park, and the Hillsborough River, with restaurants and breweries along the Tampa Street corridor. Armature Works and the Riverfront District are noted as less than a mile away, and downtown Tampa is described as about a 2-mile drive.
Key Highlights
- Duplex built in 1923 with two 2BR/1BA units, each offering 1,058 SF of living space
- Unit 305 is leased for $1,730/month; Unit 301 is currently vacant
- Each unit has a covered carport plus an additional outdoor storage unit
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 | $37.8k | $17.88 |
| − Vacancy | −$2.6k | −$1.21 |
| EGI | $35.3k | $16.67 |
| − OpEx | −$10.6k | −$5.00 |
| NOI | $24.7k | $11.67 |
2,116 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$352.8K
$308.7K – $411.7K
NOI $24,699 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$493.0K
$431.4K – $575.1K
NOI $34,508 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2BR/1BA units with covered carports, outdoor storage, and washer/dryer hookups.
Where is this duplex located?
The property is located at 301 W WOODLAWN AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Duplex built in 1923 with two 2BR/1BA units, each offering 1,058 SF of living space; Unit 305 is leased for $1,730/month; Unit 301 is currently vacant; Each unit has a covered carport plus an additional outdoor storage unit
