Fully Renovated Duplex with
For Sale
$499,000
1305 E 17TH Avenue, Tampa, FL 33605
MULTI_FAMILY - TAMPA, FL
Property Size1,957 SF
Lot Size0.12 Acres
Price / SF$254.98
Days on Market66
Property Features for 1305 E 17TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
YC-8
Rooms
Family Room
Parking features
Driveway
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets
Exterior features
Sidewalk
Appliances
Microwave, Range, Refrigerator
Subdivision
CUSCADEN GROVE
Lot features
City Limits, In County, Level
Directions
Heading North on US Hwy 41 towards Tampa, left onto E Adamo Dr, right onto N 39th St, left onto E 19th Ave, slight left onto N 29th Pl, right onto N 13th St, right onto E 17th Ave, home is on the right.
Standard status
Active
APN
A-07-29-19-4UV-000000-00045.0
Size
1,957 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CUSCADEN'S GROVE LOT 45 TOGETHER WITH N 1/2 OF VACATED ALLEY ABUTTING
Tax Annual Amount
4351
Legal Description
CUSCADEN'S GROVE LOT 45 TOGETHER WITH N 1/2 OF VACATED ALLEY ABUTTING
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
fenced courtyard
Building Details
Year built
1920
Building materials
Block
Roof type
Metal
Listing Agency:
KELLER WILLIAMS SOUTH SHORE · Keller Williams Realty
(813) 641-8300
Listed By:
Kevin Jacobs · License #3390109
(813) 786-0560
Added: Jun 11
Changed: Jul 30
Last Checked: Aug 15 at 9:06AM
MLS# TB8518297
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated duplex provides two separate residential units with updated finishes and modern tenant comforts. Unit A is a two-story layout with 3 bedrooms and 2 bathrooms. Unit B offers 2 bedrooms, 2 bathrooms, and a versatile flex space. Across both units, improvements include luxury vinyl plank flooring, remodeled kitchens with pearl white soft-close cabinetry, granite countertops, and stainless steel appliances, along with freshly painted interiors. The property also features renovated bathrooms, new water heaters, mini-split systems in every room, and in-unit washers and dryers.
Additional exterior features include a 2023 metal roof, a leveled foundation, and an oversized fully fenced courtyard. Construction is block, with a driveway providing parking, sidewalk frontage, and a porch.
The duplex is situated on a 0.12-acre lot and is served by public water and public sewer. Utilities include cable availability, and the property is zoned YC-8.
Additional exterior features include a 2023 metal roof, a leveled foundation, and an oversized fully fenced courtyard. Construction is block, with a driveway providing parking, sidewalk frontage, and a porch.
The duplex is situated on a 0.12-acre lot and is served by public water and public sewer. Utilities include cable availability, and the property is zoned YC-8.
Key Highlights
- Fully renovated duplex with two distinct units (Unit A and Unit B)
- Mini‑split systems in every room plus in‑unit washers and dryers
- 2023 metal roof and a leveled foundation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,843
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,860
$456.9K
Cap Rate 7%
$326,329
$326.3K
Cap Rate 9%
$253,811
$253.8K
Market Conditions
NOI Build-Up for 1,957 SF
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.
Gross rent
$35.0K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$32.6K $16.67/SF
− OpEx
−$9.8K −$5.00/SF
NOI
$22.8K $11.67/SF
Area
Tampa, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$456,860
Cap Rate 7%
$326,329
Cap Rate 9%
$253,811
Alternative Uses
Best Use
Multifamily LT 5
$326.3K
$285.5K – $380.7K
NOI $22,843 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,238 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$455.9K
$398.9K – $531.9K
NOI $31,915 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,801
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with a fenced courtyard, mini-split systems, and in-unit washer and dryer for two long- or short-term units.
Where is this duplex located?
The property is located at 1305 E 17TH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully renovated duplex with two distinct units (Unit A and Unit B); Mini‑split systems in every room plus in‑unit washers and dryers; 2023 metal roof and a leveled foundation
