Multi-Family Income
1402 MALUHIA Drive Tampa, FL 33612
New
For Sale
$414,900
MULTI_FAMILY - TAMPA, FL
Property Size2,555 SF
Lot Size0.36 Acres
Price / SF$162.39
Days on Market6
Property Features for 1402 MALUHIA Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RMC-16
- Bedrooms
- 3
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 4
- Interior features
- Ceiling Fans(s)
- Standard status
- Active
- APN
- U-07-28-19-1GN-D00000-00013.0
- Size
- 2,555 SF
- Lot size
- 0.36 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HAMNER'S W E HOMESTEAD ACRES LOT 13 LESS E 152.5 FT OF LOT 13 BLOCK D AND LESS THE S 20 FT OF LOT 13 LESS E 152.5 FT
- Tax Annual Amount
- 6811
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating), Central
- Cooling system
- Central Air, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1956
- Building materials
- Block
- Roof type
- Shingle
Listing Agency:
MCPEAK REAL ESTATE FIRM
(813) 495-3875
Listed By:
Jim McPeak · License #472936
(813) 495-3875
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 26 at 1:06AM
MLS# TB8531143
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 multi-unit property consists of two buildings served by a private road. It is classified for sale as a residential income asset and is offered under zoning RMC-16.
The property is located in Tampa, FL 33612 in Hillsborough County. Public remarks indicate it is in the heart of North Tampa and minutes from the planned redevelopment known as University Uptown District, with proximity to major roads and nearby shopping and restaurants.
The site totals 0.36 acres and the listed property size is 2,555 square feet.
The property is located in Tampa, FL 33612 in Hillsborough County. Public remarks indicate it is in the heart of North Tampa and minutes from the planned redevelopment known as University Uptown District, with proximity to major roads and nearby shopping and restaurants.
The site totals 0.36 acres and the listed property size is 2,555 square feet.
Key Highlights
- Multi‑unit property with 2 buildings and a private road
- Block construction; roof is shingle
- Built in 1956
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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Two-building multi-unit property on a private road, zoned RMC-16, located minutes from planned University Uptown redevelopment.
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 with 2 buildings and a private road; Block construction; roof is shingle; Built in 1956
