1925 Triplex with Upgraded
5408 N SEMINOLE AVENUE A-C Tampa, FL 33604
For Sale
$780,000
Pending
Three well-maintained apartments feature heart-pine floors, high ceilings, CHA, and upgraded kitchens, with two new roofs.
Property Size2,504 SF
Days on Market532
Property Features for 5408 N SEMINOLE AVENUE A-C
General Information
- Standard status
- Pending
- Size
- 2,504 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing Agency:
GOOD EARTH REALTY OF TAMPA
(813) 784-0239
Listed By:
James Moore · License #403972
(813) 784-0239
Source:
Exitrealty
Added: Feb 8, 2025
Changed: Jul 23
Last Checked: Jul 25 at 4:36AM
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 GOOD EARTH REALTY OF TAMPA
Investment Insights
Based on property information with market context.
This original 1925 triplex includes a two-bedroom, one-bath apartment on the ground level and a similar larger two-bedroom apartment upstairs. In the rear, a one-bedroom garage apartment sits above valuable storage space in the detached double garage. All three apartments are described as well-maintained and include heart-pine floors, high ceilings, CHA, and upgraded kitchens.
The property is located in the Seminole Heights Historic District. The public remarks also note that both roofs were newly installed in 2025. The property is sold AS IS with the right to inspect.
Overall, the layout provides three separate apartment units within one improved building configuration, including the detached double garage and the additional one-bedroom apartment above storage.
The property is located in the Seminole Heights Historic District. The public remarks also note that both roofs were newly installed in 2025. The property is sold AS IS with the right to inspect.
Overall, the layout provides three separate apartment units within one improved building configuration, including the detached double garage and the additional one-bedroom apartment above storage.
Key Highlights
- 1925 triplex in the Seminole Heights Historic District with three well‑maintained apartments
- Two apartments each offer 2 bedrooms and 1 bathroom, plus a separate back 1‑bedroom garage/bungalow unit
- Original heart‑pine floors, high ceilings, and CHA throughout, with upgraded kitchens in all units
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 | $44.8k | $17.88 |
| − Vacancy | −$3.0k | −$1.21 |
| EGI | $41.8k | $16.67 |
| − OpEx | −$12.5k | −$5.00 |
| NOI | $29.2k | $11.67 |
2,504 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$417.5K
$365.4K – $487.1K
NOI $29,228 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$388.2K
$339.7K – $452.9K
NOI $27,175 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$583.4K
$510.4K – $680.6K
NOI $40,835 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three well-maintained apartments feature heart-pine floors, high ceilings, CHA, and upgraded kitchens, with two new roofs.
Where is this triplex located?
The property is located at 5408 N SEMINOLE AVENUE A-C Tampa, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: 1925 triplex in the Seminole Heights Historic District with three well‑maintained apartments; Two apartments each offer 2 bedrooms and 1 bathroom, plus a separate back 1‑bedroom garage/bungalow unit; Original heart‑pine floors, high ceilings, and CHA throughout, with upgraded kitchens in all units
