Townhome-Style
New
For Sale
$399,999
1718 E MULBERRY Drive, Tampa, FL 33604
Residential Income, TAMPA, FL
Property Size2,088 SF
Lot Size0.14 Acres
Price / SF$191.57
Days on Market1
Property Features for 1718 E MULBERRY Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 6, Bathroom 5
Subdivision
FERN CLIFF
Directions
Drive north on North Florida Ave/US 41 Business. Right to East Sligh Ave. Left to North Nebraska Ave/US 41. Make a sharp right onto Ave. Right to North Mulberry St. Property is on the left.
Standard status
Active
APN
A-30-28-19-46T-000000-00391.0
Size
2,088 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FERN CLIFF LOT 391
Tax Annual Amount
5871
Legal Description
FERN CLIFF LOT 391
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Building materials
Block, Stucco
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Added: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# O6447646
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.
Built in 1973, this block-and-stucco duplex contains two townhome-style units with 2,088 square feet of total living area on a 0.14-acre lot. Each residence has two bedrooms, one full bathroom and one downstairs half bathroom. Central heating and air conditioning serve the property, and each unit has its own water and electric meter.
Unit B is rented, while Unit A is vacant. The roof dates to 2018 and has been maintained. Unit B’s air conditioning system was installed in 2022; Unit A’s system dates to 2014, with its thermostat and electrical breaker replaced in 2026. The property is zoned RS-50 and has public water and sewer.
Unit B is rented, while Unit A is vacant. The roof dates to 2018 and has been maintained. Unit B’s air conditioning system was installed in 2022; Unit A’s system dates to 2014, with its thermostat and electrical breaker replaced in 2026. The property is zoned RS-50 and has public water and sewer.
Key Highlights
- Two townhome‑style units, 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 - Both residences have separate water and electric meters, with one currently occupied by a tenant.
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 townhome‑style units, 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
