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    Cash-Flowing Triplex Investment Title is generated by Realmo AI

    1403 COLLEGE PARK LANE, Tampa, FL 33612

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    For Sale
    $450,000

    Triplex - TAMPA, FL

    Type:Triplex
    Property size:
    1,656 SF
    Lot size:
    0.25 Acres
    Price / SF:
    $271/SF
    Added:
    Jan 26, 2026
    Days on Market:
    128
    Last Refresh:
    Jun 3 at 3:06 pm

    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

    We can help!

    Listing Contact
    Michael Brule
    Michael Brule

    Listing agent Michael Brule License #3074964

    Listing office DALTON WADE INC 260 1st Ave S. Suite 200, St. Petersburg, FL

    Listing date Jan 26, 2026

    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.

    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
    • Unit C (Left): efficiency / 1 bath leased at $1,000/month with window unit AC
    • Total current monthly income is $4,150; two units already leased and performing
    • Association covers water, sewer, and trash (one community water meter); units are individually metered for electricity so tenants pay power

    Overview

    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.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.443728
    Latitude
    28.055518

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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
    (813) 417-1260
    We can help!
    Listing Contact
    Michael Brule
    Michael Brule
    Real Estate License ID: 3074964
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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