Triplex with Detached
1504 E 99TH AVE, Tampa, FL 33612
For Sale
$330,000
The main residence is divided into two separate living spaces, with a detached studio adding a third unit.
Property Size1,829 SF
Price / SF$180.43
Days on Market144
Property Features for 1504 E 99TH AVE
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
central A/C
Building Details
Building Size
Year Built
Buildings
Listing Agency:
REDFIN CORPORATION
Listed By:
Steven Pitts
(813) 518-8756
Source:
Tampabaykey
Added: Jun 17
Changed: Nov 7
Last Checked: Nov 7 at 1:51PM
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 REDFIN CORPORATION
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Investment Insights
Based on property information with market context.
This triplex includes a main house configured as two separate units and a detached guest house. The primary residence has central A/C; one unit offers three bedrooms and one bathroom, while the other has one bedroom, one bathroom, and a separate entrance. The detached studio apartment includes a kitchenette and full bathroom. The property contains 1,829 square feet and was built in 1941.
Two units are occupied under 12-month leases. The third unit is described as expected to rent, with no current lease reported. The address is 1504 E 99TH AVE in Tampa, Florida.
Two units are occupied under 12-month leases. The third unit is described as expected to rent, with no current lease reported. The address is 1504 E 99TH AVE in Tampa, Florida.
Key Highlights
- Three‑unit configuration across a main house and detached studio
- Main house includes 3‑bedroom/1‑bathroom and 1‑bedroom/1‑bathroom units
- Detached studio has a kitchenette and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,349
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,980
$427.0K
Cap Rate 7%
$304,986
$305.0K
Cap Rate 9%
$237,211
$237.2K
Market Conditions
NOI Build-Up for 1,829 SF
Gross rent
$32.7K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.5K $16.67/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$21.3K $11.67/SF
Area
ZIP 33612
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%
$426,980
Cap Rate 7%
$304,986
Cap Rate 9%
$237,211
Alternative Uses
Best Use
Multifamily LT 5
$305.0K
$266.9K – $355.8K
NOI $21,349 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$283.6K
$248.1K – $330.8K
NOI $19,849 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$416.6K
$364.6K – $486.1K
NOI $29,165 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
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Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Tampa, FL
Properties on Market for Triplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The main residence is divided into two separate living spaces, with a detached studio adding a third unit.
Where is this triplex located?
The property is located at 1504 E 99TH AVE Tampa, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Three‑unit configuration across a main house and detached studio; Main house includes 3‑bedroom/1‑bathroom and 1‑bedroom/1‑bathroom units; Detached studio has a kitchenette and full bathroom
