Two-Unit Duplex
9615 N 13TH STREET Tampa, FL 33612
9615 N 13TH STREET, Tampa, FL, 33612
$346,000
For Sale
$346,000
Duplex with two 2-bedroom, 1-bath units and separate electric meters generating current monthly rental income.
Property Size1,134 SF
Price / SF$305.11
Days on Market1011
Property Features for 9615 N 13TH STREET
General Information
- Standard status
- Active
- Size
- 1,134 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1972
Listing agency
YOU FIRST REALTY AND ASSOC LLC
(813) 458-6686
Listed by
Ramez Lahham · License #3264260
(813) 458-6686
Source
Exitrealty
Added: Oct 17, 2023 Updated: Jul 22 at 4:14PM Checked: Jul 23 at 6:06AM
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 YOU FIRST REALTY AND ASSOC LLC
Investment Insights
Based on property information with market context.
This duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom. The property is currently generating gross income of $36,672 annually based on $3,056 per month. Each unit has its own electric meter, and the landlord covers the water bill.
The duplex is located in Tampa near major routes including I-275 and I-4, with shopping centers and Publix among nearby amenities. The seller is open to negotiation, and the property is described as 1031 tax exchange friendly.
For buyers seeking a straightforward two-unit residential income asset with individually metered electric service, this duplex presents a clean, easy-to-understand rental setup. Schedule a viewing to review the units and current configuration.
The duplex is located in Tampa near major routes including I-275 and I-4, with shopping centers and Publix among nearby amenities. The seller is open to negotiation, and the property is described as 1031 tax exchange friendly.
For buyers seeking a straightforward two-unit residential income asset with individually metered electric service, this duplex presents a clean, easy-to-understand rental setup. Schedule a viewing to review the units and current configuration.
Key Highlights
- Duplex built in 1972 with two units, each offering 2 bedrooms and 1 bathroom
- Current rental income of $3,056/month, totaling $36,672 gross income (12 months)
- Two separate electric meters for the duplex units
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 | $20.3k | $17.88 |
| − Vacancy | −$1.4k | −$1.21 |
| EGI | $18.9k | $16.67 |
| − OpEx | −$5.7k | −$5.00 |
| NOI | $13.2k | $11.67 |
1,134 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$189.1K
$165.5K – $220.6K
NOI $13,237 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$175.8K
$153.8K – $205.1K
NOI $12,307 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$258.3K
$226.0K – $301.4K
NOI $18,082 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units and separate electric meters generating current monthly rental income.
Where is this duplex located?
The property is located at 9615 N 13TH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $346,000.
What are key features of this property?
This property features: Duplex built in 1972 with two units, each offering 2 bedrooms and 1 bathroom; Current rental income of $3,056/month, totaling $36,672 gross income (12 months); Two separate electric meters for the duplex units
