Duplex with Updated
New
For Sale
$519,999
1408 E 140TH AVENUE, Tampa, FL 33613
Both two-bedroom residences are vacant, with private entrances and one bathroom apiece.
Property Size1,571 SF
Price / SF$330
Days on Market3
Property Features for 1408 E 140TH AVENUE
General Information
Standard status
Active
Size
1,571 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
0.2 acres, Dimensions: 66x135
Shingle
Public Sewer
Additional parcels description:, Parcel Number: U-06-28-19-1GH-000002-00014.1, Public Survey Range: 19, Public Survey Section: 06, Annual Amount: $3,602.25, Tax Block: 2, Tax Book Number: 32-67, Legal Description: BYARS REVISION OF SUNNYLAND ACRES W 64 FT OF E 128 FT OF LOT 14 BLOCK 2, Lot: 14, Year: 2025, Zoning: RMC-20
Central Air
Central
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Listing ID: MFRTB8553589, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-09-30, Special Conditions: None
Built in 1971, Living area: 1571, Living area units: Square Feet, Construction Materials: Block, Concrete
Subdivision: BYARS REVISION OF SUNNYLAND AC, MLS Area (Major): 33613 - Tampa, County/Parish: Hillsborough
Public, Water Source: Well
Slab
Road Surface: Paved
Fence, Private Entrance, Private Mailbox, Private Yard
Open Floorplan, Thermostat
Range, Refrigerator, Other equipment: Private Entrance, Private Yard
Building Details
Year Built
1971
Buildings
1
Listing Agency:
AVENUE HOMES LLC
(833) 499-2980
Listed By:
Mariam Serra · License #3363120
(813) 504-0157
Source:
Miharaandassociates
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 2:05PM
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 AVENUE HOMES LLC
Investment Insights
Based on property information with market context.
This 1,571-square-foot duplex contains two 2-bedroom, 1-bathroom residences, both currently vacant. Each unit has a separate entrance. Unit B has an updated kitchen, new HVAC, water heater, electrical panel, windows, and blinds. Unit A has new carpet, and both interiors have been repainted. The roof dates to 2023; the property was built in 1971.
Off-street parking and a yard with mature trees serve the property. It is in Tampa, near major roadways, shopping, dining, and everyday amenities.
Off-street parking and a yard with mature trees serve the property. It is in Tampa, near major roadways, shopping, dining, and everyday amenities.
Key Highlights
- Two‑unit duplex with both residences currently vacant
- 1,571 square feet; built in 1971
- Each unit has 2 bedrooms, 1 bathroom, and a private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,740
$366.7K
Cap Rate 7%
$261,957
$262.0K
Cap Rate 9%
$203,744
$203.7K
Market Conditions
NOI Build-Up for 1,571 SF
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.
Gross rent
$28.1K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.2K $16.67/SF
− OpEx
−$7.9K −$5.00/SF
NOI
$18.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$366,740
Cap Rate 7%
$261,957
Cap Rate 9%
$203,744
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$243.6K
$213.1K – $284.2K
NOI $17,049 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$366.0K
$320.3K – $427.0K
NOI $25,620 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 33613, FL
38,801
Population
17,686
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
84%
High-School Grad
7.4 sq mi
ZIP Area
5,243
Density / Sq Mi
$44,642
Median Household Income
$30,911
Median Earnings
$1,178
Median Rent
$219,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both two-bedroom residences are vacant, with private entrances and one bathroom apiece.
Where is this duplex located?
The property is located at 1408 E 140TH AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $519,999.
What are key features of this property?
This property features: Two‑unit duplex with both residences currently vacant; 1,571 square feet; built in 1971; Each unit has 2 bedrooms, 1 bathroom, and a private entrance
