Renovated Triplex with Detached
For Sale
Under Contract
$650,000
1406 E 21ST Avenue, Tampa, FL 33605
Residential Income, TAMPA, FL
Property Size2,127 SF
Lot Size0.11 Acres
Price / SF$305.59
Days on Market58
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Property Features for 1406 E 21ST Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RS-50
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 6
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Lighting, Private Entrance, Private Mailbox
Appliances
Built-In Oven, Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator
Subdivision
PANAMA
Directions
Traveling East on E. Dr. Martin Luther King Jr. Blvd. to N. Nebraska Ave. (Turn Right Heading South) Continue to the Intersection of E. Floribraska Ave., Turn Left on to E. 21st Ave Continuing East to 1406 E 21st Ave, Tampa, FL 33605-1895, On Left Hand Side of Road, across the Street from Cuscaden Pary
Standard status
Active Under Contract
APN
A-07-29-19-4UM-000009-00010.0
Size
2,127 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PANAMA LOT 10 BLOCK 9
Tax Annual Amount
4530
Legal Description
PANAMA LOT 10 BLOCK 9
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Asbestos
Roof type
Shingle, Metal
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Kamilla Altunyan · License #SL3333610
(813) 365-8765
Added: Aug 19
Changed: Oct 9
Last Checked: Oct 15 at 6:06PM
MLS# TB8540301
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 2,127-square-foot triplex includes three distinct residences: a three-bedroom, two-bath main unit, a two-bedroom, one-bath unit, and a detached one-bedroom, one-bath accessory dwelling unit. The property underwent extensive renovation in 2023 and includes central heating and cooling, vinyl flooring, porches, private entrances, and separate mailboxes. Public water and sewer serve the property, with electricity available. Built in 1926, the improvements sit on a 0.11-acre lot and are zoned RS-50.
The property is located in Tampa’s V.M. Ybor area, less than a 10-minute drive from Downtown Tampa and near Ybor City, Tampa Heights, Armature Works, and the Tampa Riverwalk. The detached arrangement adds physical separation between residences, while the three-unit layout provides multiple housing configurations within one property.
The property is located in Tampa’s V.M. Ybor area, less than a 10-minute drive from Downtown Tampa and near Ybor City, Tampa Heights, Armature Works, and the Tampa Riverwalk. The detached arrangement adds physical separation between residences, while the three-unit layout provides multiple housing configurations within one property.
Key Highlights
- Three‑unit layout with a 3‑bedroom, 2‑bath unit, a 2‑bedroom, 1‑bath unit, and a detached 1‑bedroom, 1‑bath ADU
- Extensively renovated in 2023
- 2,127 square feet on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,827
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,540
$496.5K
Cap Rate 7%
$354,671
$354.7K
Cap Rate 9%
$275,856
$275.9K
Market Conditions
NOI Build-Up for 2,127 SF
Gross rent
$38.0K $17.88/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$35.5K $16.67/SF
− OpEx
−$10.6K −$5.00/SF
NOI
$24.8K $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%
$496,540
Cap Rate 7%
$354,671
Cap Rate 9%
$275,856
Alternative Uses
Best Use
Multifamily LT 5
$354.7K
$310.3K – $413.8K
NOI $24,827 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$329.8K
$288.5K – $384.7K
NOI $23,083 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$495.5K
$433.6K – $578.1K
NOI $34,687 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
777
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately configured residences include a detached one-bedroom accessory dwelling unit.
Where is this triplex located?
The property is located at 1406 E 21ST Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three‑unit layout with a 3‑bedroom, 2‑bath unit, a 2‑bedroom, 1‑bath unit, and a detached 1‑bedroom, 1‑bath ADU; Extensively renovated in 2023; 2,127 square feet on a 0.11‑acre lot
