Four-Unit Block Duplex
For Sale
$530,000
1609 East 143rd Avenue Unit 105108, Tampa, FL 33613
Two block duplex buildings provide four one-bedroom units on a shared lot with RMC-20 zoning.
Property Size1,824 SF
Price / SF$290.57
Days on Market94
Property Features for 1609 East 143rd Avenue Unit 105108
General Information
Standard status
Active
Size
1,824 SF
Property subtype
Residential Income / Duplex
Zoning
RMC-20
Taxes and HOA fees
Annual Taxes
$4,768
Amenities
Wall/Window Unit(s)
Electric, Wall Units / Window Unit
Tile
No
Electric Water Heater, Range, Refrigerator, Water Filtration System
4
Ceiling Fan(s), Window Treatments
Square Feet
Public Records
Shingle
One
Other
Lighting, Sliding Doors
Slab
Block, Brick
Building Details
Year Built
1969
Listing Agency:
REAL ESTATE FIRM OF FLORIDA, LLC
(813) 428-4976
Listed By:
Kristoffer Slaven · License #3302872
(813) 428-4976
Source:
Compass
Added: May 30
Changed: Aug 29
Last Checked: Aug 31 at 1:27AM
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 REAL ESTATE FIRM OF FLORIDA, LLC
Investment Insights
Based on property information with market context.
This residential income property comprises two block duplex buildings on one lot, with four one-bedroom units totaling 1,824 square feet. The improvements were built in 1969 and feature slab foundations, shingle roofing, and block and brick construction. Interior elements include tile flooring, ceiling fans, window treatments, electric water heaters, ranges, refrigerators, and wall or window air-conditioning units. A water filtration system and sliding doors are also included.
The property is located at 1609 East 143rd Avenue in Tampa, Florida, within the 33613 ZIP code. RMC-20 zoning supports the recorded residential configuration. The four-unit layout offers a compact multifamily format with separate living spaces across the two duplex structures.
The property is located at 1609 East 143rd Avenue in Tampa, Florida, within the 33613 ZIP code. RMC-20 zoning supports the recorded residential configuration. The four-unit layout offers a compact multifamily format with separate living spaces across the two duplex structures.
Key Highlights
- Four one‑bedroom units across two duplex buildings
- 1,824 square feet on one shared lot
- RMC‑20 zoning
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
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two block duplex buildings provide four one-bedroom units on a shared lot with RMC-20 zoning.
Where is this duplex located?
The property is located at 1609 East 143rd Avenue Unit 105108 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 one‑bedroom units across two duplex buildings; 1,824 square feet on one shared lot; RMC‑20 zoning
