Four-Unit Block Duplex
For Sale
$530,000
1609 E 143RD Avenue, Tampa, FL 33613
Residential Income, TAMPA, FL
Property Size1,824 SF
Lot Size0.24 Acres
Price / SF$290.57
Days on Market74
Property Features for 1609 E 143RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RMC-20
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 4
Parking features
Assigned
Interior features
Ceiling Fans(s), Window Treatments
Exterior features
Lighting, Sliding Doors
Appliances
Electric Water Heater, Range, Refrigerator, Water Filtration System
Subdivision
BYARS REVISION OF SUNNYLAND AC
Elementary school
Mort-HB
Middle school
Buchanan-HB
High school
Freedom-HB
Directions
1609 E 143rd Ave
Standard status
Active
APN
U-06-28-19-1GH-000008-00005.0
Size
1,824 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BYARS REVISION OF SUNNYLAND ACRES E 80 FT OF LOT 5 BLOCK 8
Tax Annual Amount
4768
Legal Description
BYARS REVISION OF SUNNYLAND ACRES E 80 FT OF LOT 5 BLOCK 8
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Well
Building Details
Year built
1969
Floors in Building
1
Number of units
4
Flooring type
Tile
Building materials
Block, Brick
Roof type
Shingle
Listing Agency:
REAL ESTATE FIRM OF FLORIDA, LLC · RE/MAX International
(813) 961-6000
Listed By:
Kristoffer Slaven · License #3302872
(813) 428-4976
Added: Jun 24
Changed: Sep 5
Last Checked: Sep 5 at 10:06AM
MLS# TB8522734
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 residential income property contains four units arranged as two block duplexes on a single 0.24-acre parcel. The improvements total 1,824 square feet and were built in 1969, with tile flooring, ceiling fans, window treatments, sliding doors, and lighting. Kitchens include ranges, refrigerators, electric water heaters, and a water filtration system. Construction features block and brick materials beneath a shingle roof.
The property is zoned RMC-20 and has assigned parking. Utility infrastructure includes cable availability, a well water source, and a septic tank sewer system. Heating is provided by electric and ductless systems, while cooling is handled by window or wall/window units.
The property is zoned RMC-20 and has assigned parking. Utility infrastructure includes cable availability, a well water source, and a septic tank sewer system. Heating is provided by electric and ductless systems, while cooling is handled by window or wall/window units.
Key Highlights
- Four‑unit configuration with two block duplexes on one parcel
- 1,824 square feet of total property size
- 0.24‑acre lot
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
$21,290
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
4.02%
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%
$425,800
$425.8K
Cap Rate 7%
$304,143
$304.1K
Cap Rate 9%
$236,556
$236.6K
Market Conditions
NOI Build-Up for 1,824 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
$32.6K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.4K $16.67/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$21.3K $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%
$425,800
Cap Rate 7%
$304,143
Cap Rate 9%
$236,556
Alternative Uses
Best Use
Multifamily LT 5
$304.1K
$266.1K – $354.8K
NOI $21,290 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$282.8K
$247.4K – $329.9K
NOI $19,795 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$424.9K
$371.8K – $495.8K
NOI $29,746 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,152
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing residential property comprising two block duplexes on one parcel.
Where is this duplex located?
The property is located at 1609 E 143RD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Four‑unit configuration with two block duplexes on one parcel; 1,824 square feet of total property size; 0.24‑acre lot
