Updated
For Sale
$575,000
Pending
2706 W TYSON AVENUE, Tampa, FL 33611
Three refreshed one-bedroom units share laundry, updated kitchens and bathrooms, and a paved three-car driveway.
Property Size1,672 SF
Days on Market601
Property Features for 2706 W TYSON AVENUE
General Information
Standard status
Pending
Size
1,672 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,973
Building Details
Year Built
1959
Listing Agency:
COMPASS FLORIDA LLC
(813) 458-2228
Listed By:
Azita Jones · License #3494192
(813) 458-2228
Source:
Exitrealty
Added: Jan 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:13PM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
This triplex contains three one-bedroom, one-bathroom units within a 1,672-square-foot property built in 1959. Each unit has updated flooring, kitchens, bathrooms, fixtures, and appliances, including stainless-steel kitchen packages, new countertops, cabinetry, bathroom vanities, and tiled showers. A shared laundry room includes a washer and dryer. Electrical and plumbing improvements have also been completed.
The property occupies an oversized 8,200-square-foot lot with a newly paved three-car driveway, fresh landscaping, a firepit, and recent pressure washing. It is located near Bayshore Boulevard, Hyde Park Village, Ballast Point Park, parks, and A-rated schools. There are no HOA restrictions, and the property experienced no damage or flooding from Helene or Milton.
The property occupies an oversized 8,200-square-foot lot with a newly paved three-car driveway, fresh landscaping, a firepit, and recent pressure washing. It is located near Bayshore Boulevard, Hyde Park Village, Ballast Point Park, parks, and A-rated schools. There are no HOA restrictions, and the property experienced no damage or flooding from Helene or Milton.
Key Highlights
- Three 1‑bedroom, 1‑bathroom units in a 1,672‑square‑foot triplex
- 8,200‑square‑foot oversized lot with a newly paved 3‑car driveway
- Updated kitchens and bathrooms with stainless‑steel appliances, new cabinets, countertops, vanities, fixtures, and tile showers
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
$19,516
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
3.39%
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%
$390,320
$390.3K
Cap Rate 7%
$278,800
$278.8K
Cap Rate 9%
$216,844
$216.8K
Market Conditions
NOI Build-Up for 1,672 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
$29.9K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.9K $16.67/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$19.5K $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%
$390,320
Cap Rate 7%
$278,800
Cap Rate 9%
$216,844
Alternative Uses
Best Use
Multifamily LT 5
$278.8K
$244.0K – $325.3K
NOI $19,516 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$259.2K
$226.8K – $302.4K
NOI $18,146 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$389.5K
$340.8K – $454.5K
NOI $27,267 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Explore this area
Business Placement
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three refreshed one-bedroom units share laundry, updated kitchens and bathrooms, and a paved three-car driveway.
Where is this triplex located?
The property is located at 2706 W TYSON AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bathroom units in a 1,672‑square‑foot triplex; 8,200‑square‑foot oversized lot with a newly paved 3‑car driveway; Updated kitchens and bathrooms with stainless‑steel appliances, new cabinets, countertops, vanities, fixtures, and tile showers
