Riverfront Duplex with Loft
For Sale
$350,000
Pending
1733 E MULBERRY DRIVE, Tampa, FL 33604
Two mirrored residences offer flexible layouts, private outdoor areas, and shared dock access along the Hillsborough River.
Property Size1,544 SF
Days on Market624
Property Features for 1733 E MULBERRY DRIVE
General Information
Standard status
Pending
Size
1,544 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 1BR loft/1.5BA + den
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,479
Building Details
Year Built
1979
Listing Agency:
KELLER WILLIAMS TAMPA PROP.
(813) 264-7754
Listed By:
Mike Hydorn · License #3305911
(813) 335-5241
Source:
Exitrealty
Added: Jan 31, 2025
Changed: Sep 2
Last Checked: Sep 15 at 4:15AM
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 KELLER WILLIAMS TAMPA PROP.
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Investment Insights
Based on property information with market context.
This 1,544 SF duplex contains two mirrored residences, each arranged with a first-floor office/den, open living area, galley kitchen, half bath, covered lanai, and utility closet with washer/dryer hookups. Upstairs, each unit includes a 1 bedroom loft, 1.5 baths, a soaking tub, and a walk-in closet. Stone countertops, raised-panel cabinetry, breakfast bars, soaring ceilings, metal spiral staircases, and separate side-gate entrances add functional detail to both layouts.
The property sits along the Hillsborough River in Tampa, with individual backyard areas divided for privacy and shared access to a wooden dock. Exterior paint and French drains were completed in 2024. Built in 1979, the duplex is located at 1733 E Mulberry Drive, Tampa, FL 33604.
The property sits along the Hillsborough River in Tampa, with individual backyard areas divided for privacy and shared access to a wooden dock. Exterior paint and French drains were completed in 2024. Built in 1979, the duplex is located at 1733 E Mulberry Drive, Tampa, FL 33604.
Key Highlights
- Two‑unit duplex totaling 1,544 SF
- Each residence includes a 1 bedroom loft, 1.5 baths, and a first‑floor office/den
- Riverfront setting with shared access to a wooden dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,022
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$360,440
$360.4K
Cap Rate 7%
$257,457
$257.5K
Cap Rate 9%
$200,244
$200.2K
Market Conditions
NOI Build-Up for 1,544 SF
Gross rent
$27.6K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$25.7K $16.67/SF
− OpEx
−$7.7K −$5.00/SF
NOI
$18.0K $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%
$360,440
Cap Rate 7%
$257,457
Cap Rate 9%
$200,244
Alternative Uses
Best Use
Multifamily LT 5
$257.5K
$225.3K – $300.4K
NOI $18,022 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$239.4K
$209.5K – $279.3K
NOI $16,756 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$359.7K
$314.8K – $419.7K
NOI $25,180 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
294
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences offer flexible layouts, private outdoor areas, and shared dock access along the Hillsborough River.
Where is this duplex located?
The property is located at 1733 E MULBERRY DRIVE Tampa, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,544 SF; Each residence includes a 1 bedroom loft, 1.5 baths, and a first‑floor office/den; Riverfront setting with shared access to a wooden dock
