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Building Details

Year Built 1959

Listing Agency: COMPASS FLORIDA LLC Show Phone

Listed By: Azita Jones · License #3494192 Show Phone

Source: Exitrealty

Added: Jan 25, 2025 Changed: Oct 3 Last Checked: Oct 2 at 6:29PM

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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.

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 / Yr

$19,516

Cap Rate

3.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$390,320 $390.3K

Cap Rate 7%

$278,800 $278.8K

Cap Rate 9%

$216,844 $216.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,672 SF

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 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 (±1% cap)

NOI $19,516 @ 7.0% cap · market cap 3.39%

Second Best

Apartment 5plus

$259.2K

$226.8K – $302.4K (±1% cap)

NOI $18,146 @ 7.0% cap · market cap 3.16%

Theoretical Best

Office A

$389.5K

$340.8K – $454.5K (±1% cap)

NOI $27,267 @ 7.0% cap · market cap 4.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Daycare Center Building Supply Bakery (Bike/Boat/Book/etc) Store Computer & Electronic Repair Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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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