Renovated Two-Unit
For Sale
$489,900
1305 E 17TH Avenue, Tampa, FL 33605
Residential Income, TAMPA, FL
Property Size1,957 SF
Lot Size0.12 Acres
Price / SF$250.33
Days on Market114
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
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
luxury vinyl plank flooring
remodeled kitchens
granite countertops
stainless steel appliances
freshly painted interiors
renovated bathrooms
new water heaters
mini-split systems
in-unit washers and dryers
oversized fully 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: Sep 28
Last Checked: Oct 2 at 5:06AM
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 1,957-square-foot duplex includes two distinct residences. Unit A spans two levels with three bedrooms and two bathrooms, while Unit B provides two bedrooms, two bathrooms, and a flex room. Renovations include updated kitchens with granite counters, soft-close cabinetry, and stainless steel appliances, along with refreshed bathrooms, new water heaters, and mini-split systems throughout. Each unit also has its own washer and dryer.
The property sits on a 0.12-acre lot with an oversized fenced courtyard, driveway parking, a porch, and a leveled foundation. A 2023 metal roof, block construction, public water, and public sewer are also in place. YC-8 zoning and the existing two-unit configuration support consideration for long-term or short-term rental use. Access to I-4 and I-75, downtown Tampa, Ybor City's dining and entertainment district, hospitals, and Tampa Bay sports venues is noted in the property information.
The property sits on a 0.12-acre lot with an oversized fenced courtyard, driveway parking, a porch, and a leveled foundation. A 2023 metal roof, block construction, public water, and public sewer are also in place. YC-8 zoning and the existing two-unit configuration support consideration for long-term or short-term rental use. Access to I-4 and I-75, downtown Tampa, Ybor City's dining and entertainment district, hospitals, and Tampa Bay sports venues is noted in the property information.
Key Highlights
- 1,957‑square‑foot duplex with two separate residences
- Unit A: two‑story layout with 3 bedrooms and 2 bathrooms
- Unit B: 2 bedrooms, 2 bathrooms, and a flex space
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
4.66%
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 4.66%
Second Best
Apartment 5plus
$303.4K
$265.5K – $354.0K
NOI $21,238 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$455.9K
$398.9K – $531.9K
NOI $31,915 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,803
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Updated duplex with flexible rental-use potential and a private fenced courtyard.
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 $489,900.
What are key features of this property?
This property features: 1,957‑square‑foot duplex with two separate residences; Unit A: two‑story layout with 3 bedrooms and 2 bathrooms; Unit B: 2 bedrooms, 2 bathrooms, and a flex space
