Corner-Lot
For Sale
$199,000
1401 E 24TH AVENUE, Tampa, FL 33605
Two-unit residential property offering an income-producing configuration on a corner parcel.
Property Size1,092 SF
Price / SF$182.23
Days on Market63
Property Features for 1401 E 24TH AVENUE
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1945
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Brett Garcia · License #3613967
(916) 612-6072
Source:
Dennisrealty
Added: Aug 14
Changed: Oct 15
Last Checked: Oct 15 at 12:07AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This duplex contains 1,092 square feet and was built in 1945. The two-unit configuration provides a defined residential income property format for buyers evaluating an established multifamily asset.
The property occupies a corner lot at 1401 E 24TH AVENUE in Tampa, Florida 33605.
The property occupies a corner lot at 1401 E 24TH AVENUE in Tampa, Florida 33605.
Key Highlights
- Duplex configuration with two residential units
- 1,092 square feet of property area
- Built in 1945
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,746
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,920
$254.9K
Cap Rate 7%
$182,086
$182.1K
Cap Rate 9%
$141,622
$141.6K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$19.5K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$18.2K $16.67/SF
− OpEx
−$5.5K −$5.00/SF
NOI
$12.7K $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%
$254,920
Cap Rate 7%
$182,086
Cap Rate 9%
$141,622
Alternative Uses
Best Use
Multifamily LT 5
$182.1K
$159.3K – $212.4K
NOI $12,746 @ 7.0% cap · market cap 6.41%
Second Best
Apartment 5plus
$169.3K
$148.1K – $197.5K
NOI $11,851 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$254.4K
$222.6K – $296.8K
NOI $17,808 @ 7.0% cap · market cap 8.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property offering an income-producing configuration on a corner parcel.
Where is this duplex located?
The property is located at 1401 E 24TH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Duplex configuration with two residential units; 1,092 square feet of property area; Built in 1945
