Duplex with In-Unit
1504 E POINSETTIA AVE, Tampa, FL 33612
For Sale
$459,700
Both three-bedroom residences include a dedicated laundry room and are currently occupied.
Property Size1,715 SF
Days on Market50
Property Features for 1504 E POINSETTIA AVE
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry room
Building Details
Building Size
Year Built
Listing Agency:
YOU FIRST REALTY AND ASSOC LLC
Listed By:
Ramez Lahham · License FL #3264260
(813) 458-6686
Source:
Judibeck
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 12 at 5:36PM
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 YOU FIRST REALTY AND ASSOC LLC
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Investment Insights
Based on property information with market context.
Built in 1990, this duplex contains two residences, each configured with three bedrooms and one bathroom. Each unit has its own laundry room, and both are occupied. The roof was replaced in 2023. The property has no HOA or CDD.
The Tampa address is near shopping centers, USF, gyms, Publix, and Target. Bus service is within walking distance, with access to I-275 and I-4. Ybor City is also nearby, and Clearwater Beach is approximately 35 minutes away.
The Tampa address is near shopping centers, USF, gyms, Publix, and Target. Bus service is within walking distance, with access to I-275 and I-4. Ybor City is also nearby, and Clearwater Beach is approximately 35 minutes away.
Key Highlights
- Two occupied residences, each with 3 bedrooms and 1 bathroom
- Separate laundry room in each unit
- Roof replaced in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,018
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,360
$400.4K
Cap Rate 7%
$285,971
$286.0K
Cap Rate 9%
$222,422
$222.4K
Market Conditions
NOI Build-Up for 1,715 SF
Gross rent
$30.7K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.6K $16.67/SF
− OpEx
−$8.6K −$5.00/SF
NOI
$20.0K $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%
$400,360
Cap Rate 7%
$285,971
Cap Rate 9%
$222,422
Alternative Uses
Best Use
Multifamily LT 5
$286.0K
$250.2K – $333.6K
NOI $20,018 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$390.7K
$341.8K – $455.8K
NOI $27,347 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Explore this area
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
$249,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Tampa, FL
Properties on Market for Duplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both three-bedroom residences include a dedicated laundry room and are currently occupied.
Where is this duplex located?
The property is located at 1504 E POINSETTIA AVE Tampa, FL.
What is the asking price?
The asking price for this property is $459,700.
What are key features of this property?
This property features: Two occupied residences, each with 3 bedrooms and 1 bathroom; Separate laundry room in each unit; Roof replaced in 2023
