Multi-Unit Income
1402 MALUHIA DRIVE Tampa, FL 33612
New
For Sale
$414,900
For-sale multi-unit property with two buildings served by a private road, minutes from University Uptown District and USF.
Property Size2,555 SF
Price / SF$162.39
Days on Market6
Property Features for 1402 MALUHIA DRIVE
General Information
- Standard status
- Active
- Size
- 2,555 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1956
Listing Agency:
MCPEAK REAL ESTATE FIRM
(813) 495-3875
Listed By:
Jim McPeak · License #472936
Source:
Miharaandassociates
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 11:17AM
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 MCPEAK REAL ESTATE FIRM
Investment Insights
Based on property information with market context.
This for-sale multi-unit income property includes two buildings and uses a private road for site access. The offering consists of a multi-unit configuration designed for residential rental occupancy.
Located in the heart of North Tampa, the property is described as minutes from the planned redevelopment University Uptown District and the nearby USF campus. The public remarks also note proximity to major roads and an abundance of shopping and restaurants in the surrounding area.
The property is presented as a two-building multi-unit investment opportunity in Tampa, Florida, with site access coordinated via the private road.
Located in the heart of North Tampa, the property is described as minutes from the planned redevelopment University Uptown District and the nearby USF campus. The public remarks also note proximity to major roads and an abundance of shopping and restaurants in the surrounding area.
The property is presented as a two-building multi-unit investment opportunity in Tampa, Florida, with site access coordinated via the private road.
Key Highlights
- Multi‑unit property built in 1956
- Two buildings served by a private road
- Located in N Tampa, minutes from the planned redevelopment University Uptown District and USF
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.7k | $17.88 |
| − Vacancy | −$3.1k | −$1.21 |
| EGI | $42.6k | $16.67 |
| − OpEx | −$12.8k | −$5.00 |
| NOI | $29.8k | $11.67 |
2,555 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.0K
$372.8K – $497.1K
NOI $29,823 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$396.1K
$346.6K – $462.1K
NOI $27,728 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$582.0K
$509.3K – $679.0K
NOI $40,741 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - For-sale multi-unit property with two buildings served by a private road, minutes from University Uptown District and USF.
Where is this quadplex located?
The property is located at 1402 MALUHIA DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $414,900.
What are key features of this property?
This property features: Multi‑unit property built in 1956; Two buildings served by a private road; Located in N Tampa, minutes from the planned redevelopment University Uptown District and USF
