2-Unit Townhome-Style
New
For Sale
$399,999
1718 E MULBERRY DRIVE, Tampa, FL 33604
Separate water and electric meters serve each residence; one unit is occupied and the other is vacant.
Property Size2,088 SF
Lot Size0.14 Acres
Price / SF$191.57
Days on Market5
Property Features for 1718 E MULBERRY DRIVE
General Information
Standard status
Active
Size
2,088 SF
Lot size
0.14 Acres
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1973
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Source:
Dennisrealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 9:20AM
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 BEYCOME OF FLORIDA LLC
Investment Insights
Based on property information with market context.
Built in 1973, this duplex contains two townhome-style residences with a combined 2,088 square feet on a 0.14-acre lot. Each residence has two bedrooms, one full bathroom and one downstairs half bathroom. Unit B is rented, while Unit A is vacant. Each unit has its own water and electric meter.
The roof dates to 2018 and has been maintained. Unit B’s A/C system was installed in 2022. Unit A’s A/C system dates to 2014; its thermostat and electrical breaker were replaced in 2026.
The roof dates to 2018 and has been maintained. Unit B’s A/C system was installed in 2022. Unit A’s A/C system dates to 2014; its thermostat and electrical breaker were replaced in 2026.
Key Highlights
- Two residences, each with 2 bedrooms, 1 full bathroom and 1 downstairs half bathroom
- 2,088 square feet of total living area on a 0.14‑acre lot
- Unit B is rented; Unit A is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,372
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,440
$487.4K
Cap Rate 7%
$348,171
$348.2K
Cap Rate 9%
$270,800
$270.8K
Market Conditions
NOI Build-Up for 2,088 SF
Gross rent
$37.3K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.8K $16.67/SF
− OpEx
−$10.4K −$5.00/SF
NOI
$24.4K $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 Rate 5%
$487,440
Cap Rate 7%
$348,171
Cap Rate 9%
$270,800
Alternative Uses
Best Use
Multifamily LT 5
$348.2K
$304.7K – $406.2K
NOI $24,372 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$323.7K
$283.3K – $377.7K
NOI $22,660 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$486.4K
$425.6K – $567.5K
NOI $34,051 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Separate water and electric meters serve each residence; one unit is occupied and the other is vacant.
Where is this duplex located?
The property is located at 1718 E MULBERRY DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms, 1 full bathroom and 1 downstairs half bathroom; 2,088 square feet of total living area on a 0.14‑acre lot; Unit B is rented; Unit A is vacant
