8-Unit Concrete-Block Apartment
1511 E 140TH Avenue, Tampa, FL 33613
For Sale
New
$1,475,000
Residential Income, TAMPA, FL
Property Size5,616 SF
Lot Size0.52 Acres
Price / SF$262.64
Days on Market2
Property Features for 1511 E 140TH Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Exterior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
LIPPLY REAL ESTATE
(727) 314-1000
Listed By:
Eric Leach
(813) 365-6800
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 10 at 3:06AM
MLS# TB8565766
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.
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Investment Insights
Based on property information with market context.
The property comprises 5,616 square feet across four single-story, concrete-block duplex buildings on approximately 0.52 acres. Its eight apartments each have two bedrooms and one bathroom. Improvements include renovated kitchens and bathrooms with stone counters and tiled finishes; renovation scope and finishes differ among units. Replacement windows have been installed in several units, and the site includes perimeter fencing and landscaping. The property was built in 1981 and is zoned RMC-20.
Four apartments are occupied and four are vacant. Residents pay their own electric service, while water and sewer are provided by ownership. The property is near the University of South Florida and has off-street parking. Public water and sewer serve the site.
Four apartments are occupied and four are vacant. Residents pay their own electric service, while water and sewer are provided by ownership. The property is near the University of South Florida and has off-street parking. Public water and sewer serve the site.
Key Highlights
- Eight two‑bedroom, one‑bathroom apartments in four separate duplex buildings
- 5,616 square feet on approximately 0.52 acres
- Concrete‑block construction; built in 1981
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,948
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,960
$1.2M
Cap Rate 7%
$870,686
$870.7K
Cap Rate 9%
$677,200
$677.2K
Market Conditions
NOI Build-Up for 5,616 SF
Gross rent
$119.3K $21.24/SF
− Vacancy
−$8.5K −$1.51/SF
EGI
$110.8K $19.73/SF
− OpEx
−$49.9K −$8.88/SF
NOI
$60.9K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,960
Cap Rate 7%
$870,686
Cap Rate 9%
$677,200
Alternative Uses
Best Use
Apartment 5plus
$870.7K
$761.9K – $1.02M
NOI $60,948 @ 7.0% cap · market cap 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.14M – $1.53M
NOI $91,586 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Yes
Highway access
Yes
Utilities to site
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
$219,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Tampa, FL
Properties on Market for Apartment buildings in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Four single-story duplex buildings contain a consistent two-bedroom, one-bathroom apartment mix.
Where is this apartment building located?
The property is located at 1511 E 140TH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Eight two‑bedroom, one‑bathroom apartments in four separate duplex buildings; 5,616 square feet on approximately 0.52 acres; Concrete‑block construction; built in 1981
