Income-Generating Duplex
1514 E NORTH BAY Street Tampa, FL 33610
For Sale
$449,000
MULTI_FAMILY - TAMPA, FL
Property Size1,726 SF
Lot Size0.14 Acres
Price / SF$260.14
Days on Market10
Property Features for 1514 E NORTH BAY Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RS-50
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bathroom 3, Dining Room, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3
- Parking features
- Driveway
- Window features
- Blinds
- Interior features
- Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Thermostat
- Exterior features
- Fence
- Fencing
- Fenced
- Standard status
- Active
- APN
- A-06-29-19-4BL-000012-00015.0
- Size
- 1,726 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BONITA LOT 15 BLOCK 12
- Tax Annual Amount
- 4199
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1934
- Floors in Building
- 1
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency:
PEOPLE'S CHOICE REALTY SVC LLC
(813) 933-0677
Listed By:
Smith Desir · License #3190020
(813) 841-9930
Added: Jul 15
Changed: Jul 22
Last Checked: Jul 24 at 2:06PM
MLS# TB8529405
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 duplex, built in 1934, includes two separate 3-bedroom, 2-bath units totaling 1,726 heated square feet. The property sits on a 6,250-square-foot lot and has been maintained as a well-performing rental with month-to-month leases. Unit 1 is rented for $2,000 per month and Unit 2 is rented for $2,400 per month, for combined gross annual rental income of $52,800. Each unit has its own water meter, while electric service is shared.
The duplex is located at 1514 E North Bay Street in Tampa, Florida (Hillsborough County), zoned RS-50. Documented recent improvements include a replacement front A/C unit in 2022, a replacement back A/C unit in 2024, a fully remodeled kitchen in 2022, and new flooring installed in 2022. The property is sold strictly AS-IS, and a realtor with an ownership interest is involved in the transaction.
The duplex is located at 1514 E North Bay Street in Tampa, Florida (Hillsborough County), zoned RS-50. Documented recent improvements include a replacement front A/C unit in 2022, a replacement back A/C unit in 2024, a fully remodeled kitchen in 2022, and new flooring installed in 2022. The property is sold strictly AS-IS, and a realtor with an ownership interest is involved in the transaction.
Key Highlights
- Income‑producing duplex with two separate 3BR/2BA units totaling 1,726 heated SF on a 6,250 SF lot
- Current rents: Unit 1 $2,000/month and Unit 2 $2,400/month on month‑to‑month leases; combined gross annual rental income $52,800
- Recent upgrades: front A/C replaced in 2022; back A/C replaced in 2024; fully remodeled kitchen and new flooring in 2022
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.9k | $17.88 |
| − Vacancy | −$2.1k | −$1.21 |
| EGI | $28.8k | $16.67 |
| − OpEx | −$8.6k | −$5.00 |
| NOI | $20.1k | $11.67 |
1,726 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$287.8K
$251.8K – $335.8K
NOI $20,147 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$251.0K
$219.6K – $292.8K
NOI $17,567 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$398.1K
$348.3K – $464.4K
NOI $27,866 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Boss Fashion of Tampa ...
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Built in 1934, the duplex offers two 3-bedroom, 2-bath units with separate water meters and recent interior upgrades.
Where is this duplex located?
The property is located at 1514 E NORTH BAY Street Tampa, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Income‑producing duplex with two separate 3BR/2BA units totaling 1,726 heated SF on a 6,250 SF lot; Current rents: Unit 1 $2,000/month and Unit 2 $2,400/month on month‑to‑month leases; combined gross annual rental income $52,800; Recent upgrades: front A/C replaced in 2022; back A/C replaced in 2024; fully remodeled kitchen and new flooring in 2022
