Cash-Flowing Triplex
1403 COLLEGE PARK LANE Tampa, FL 33612
1403 COLLEGE PARK LANE, Tampa, FL, 33612
$450,000
For Sale
$450,000
Triplex - TAMPA, FL
Property Size1,656 SF
Lot Size0.25 Acres
Price / SF$271.74
Days on Market172
Property Features for 1403 COLLEGE PARK LANE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Zoning
- RMC-12
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Pets allowed
- Breed Restrictions
- Interior features
- Window Treatments
- Exterior features
- Paved, Fence, Lighting, Sidewalk
- Fencing
- Fenced
- Standard status
- Active
- APN
- U-07-28-19-1GN-D00000-00008.4
- Size
- 1,656 SF
- Lot size
- 0.25 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5257.5
- Expense value
- 273
- Expense
- Home Owner Assessments Fee
- Expense freq.
- Monthly
Utilities
- Heating system
- Ductless (Heating)
- Cooling system
- Multi Units, Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1965
- Number of units
- 3
- Building materials
- Concrete
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
DALTON WADE INC
(888) 668-8283
260 1st Ave S. Suite 200, St. Petersburg, FL
Listed by
Michael Brule · License #3074964
(813) 417-1260
Added: Jan 26 Checked: Jul 17 at 1:06 pm
MLS# TB8466971
Listing URL
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 turnkey triplex is set up as three separate units within a block-and-frame construction mix, offering an easy, income-producing configuration for investors. Unit A is a 3 bed/1 bath middle unit with central AC and an in-unit washer/dryer. Unit B is a 1 bed/1 bath right unit with window unit AC. Unit C is an efficiency/1 bath left unit with window unit AC. The current income is supported by three leased units and a stated total of $4,150 per month.
The property is located in a highly convenient Tampa area and is described as minutes from the University of South Florida, major shopping and dining, public transportation, and with easy access to I-275. The rental profile is positioned to appeal to USF affiliates, medical professionals, and local workers. Zoning is listed as RMC-12.
For buyers seeking a portfolio addition, this offering combines existing tenant occupancy with operating expense structure advantages: the association covers water, sewer, and trash, using one community water meter, while electricity is individually metered. With a mix of unit sizes, the property can match a broader tenant pool, while also allowing room to consider minor updates if a new owner chooses to improve the units over time.
The property is located in a highly convenient Tampa area and is described as minutes from the University of South Florida, major shopping and dining, public transportation, and with easy access to I-275. The rental profile is positioned to appeal to USF affiliates, medical professionals, and local workers. Zoning is listed as RMC-12.
For buyers seeking a portfolio addition, this offering combines existing tenant occupancy with operating expense structure advantages: the association covers water, sewer, and trash, using one community water meter, while electricity is individually metered. With a mix of unit sizes, the property can match a broader tenant pool, while also allowing room to consider minor updates if a new owner chooses to improve the units over time.
Key Highlights
- Cash‑flowing triplex in Tampa at 1403 College Park Lane (built 1965) with three separate leased units
- Unit A (Middle): 3 bed / 1 bath leased at $1,900/month with washer/dryer inside and central AC
- Unit B (Right): 1 bed / 1 bath leased at $1,250/month with window unit AC
Local 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 | $29.6k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $27.6k | $16.67 |
| − OpEx | −$8.3k | −$5.00 |
| NOI | $19.3k | $11.67 |
1,656 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$276.1K
$241.6K – $322.2K
NOI $19,330 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$256.7K
$224.7K – $299.5K
NOI $17,972 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$377.2K
$330.1K – $440.1K
NOI $26,406 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three separately metered units with strong rental demand and shared utility coverage can support reliable investor income.
Where is this triplex located?
The property is located at 1403 COLLEGE PARK LANE Tampa, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Cash‑flowing triplex in Tampa at 1403 College Park Lane (built 1965) with three separate leased units; Unit A (Middle): 3 bed / 1 bath leased at $1,900/month with washer/dryer inside and central AC; Unit B (Right): 1 bed / 1 bath leased at $1,250/month with window unit AC
