Brick Quadplex with Remodeled
For Sale
Under Contract
$714,000
1808 E 143RD Avenue, Tampa, FL 33613
Residential Income, TAMPA, FL
Property Size3,472 SF
Lot Size0.18 Acres
Price / SF$205.65
Days on Market60
Property Features for 1808 E 143RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
RMC-20
Bedrooms
48
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 27, Bedroom 15, Bedroom 16, Bedroom 9, Bedroom 6, Bathroom 3, Bedroom 11, Bedroom 40, Bedroom 21, Bedroom 31, Bathroom 4, Bathroom 2, Bedroom 39, Bedroom 38, Bedroom 25, Bedroom 33, Bedroom 18, Bedroom 36, Bedroom 34, Bedroom 19, Bedroom 13, Bedroom 8, Bathroom 1, Bedroom 32, Bedroom 17, Bedroom 29, Bedroom 3, Bedroom 24, Bedroom 14, Bedroom 44, Bedroom 23, Bedroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 2, Bedroom 22, Bedroom 47, Bedroom 48, Bedroom 26, Bedroom 45, Bedroom 42, Bedroom 4, Bedroom 12, Bedroom 41, Bedroom 37, Bedroom 28, Bedroom 20, Bedroom 35, Bedroom 46, Bedroom 43, Dining Room, Bedroom 30
Parking features
Driveway
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Subdivision
HAMNERS W E PINE VISTA FIRST
Directions
Conveniently located just minutes from I-275 via the Bearss Avenue exit, offering quick access to downtown Tampa, USF, Moffitt Cancer Center, AdventHealth Tampa, shopping, dining, and major employment centers.
Standard status
Active Under Contract
APN
U-06-28-19-1G9-000000-00034.2
Size
3,472 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMNER'S W E PINE VISTA FIRST ADDITION N 95 FT OF W 84 FT OF E 194 FT OF LOT 34 LESS S 20 FT OF W 25 FT THEREOF
Tax Annual Amount
9853
Legal Description
HAMNER'S W E PINE VISTA FIRST ADDITION N 95 FT OF W 84 FT OF E 194 FT OF LOT 34 LESS S 20 FT OF W 25 FT THEREOF
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1984
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Jerome Thompson · License #663849
(813) 493-2208
Added: Jul 8
Changed: Sep 2
Last Checked: Sep 5 at 7:06PM
MLS# TB8527202
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 3,472-square-foot quadplex contains four 3-bedroom units, providing a straightforward multifamily configuration in a brick building constructed in 1984. Two units are occupied, while the other two have been recently remodeled and are ready for lease. Unit features include washer and dryer hookups, ceiling fans, vinyl flooring, and combined living and dining areas. Central heating and central air support year-round comfort.
The property occupies 0.18 acres in Tampa and offers driveway parking. Public water and public sewer serve the site, with electricity available. Regional access includes I-275, I-75, US-41, and Fletcher Avenue. The surrounding area includes access to USF, Moffitt Cancer Center, AdventHealth Tampa, shopping, dining, and public transportation. Zoning is RMC-20.
The property occupies 0.18 acres in Tampa and offers driveway parking. Public water and public sewer serve the site, with electricity available. Regional access includes I-275, I-75, US-41, and Fletcher Avenue. The surrounding area includes access to USF, Moffitt Cancer Center, AdventHealth Tampa, shopping, dining, and public transportation. Zoning is RMC-20.
Key Highlights
- Four‑unit multifamily property with 3,472 square feet
- Each unit has 3 bedrooms and washer and dryer hookups
- Two units are occupied; two recently remodeled units are ready for lease
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
$40,527
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
5.68%
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%
$810,540
$810.5K
Cap Rate 7%
$578,957
$579.0K
Cap Rate 9%
$450,300
$450.3K
Market Conditions
NOI Build-Up for 3,472 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
$62.1K $17.88/SF
− Vacancy
−$4.2K −$1.21/SF
EGI
$57.9K $16.67/SF
− OpEx
−$17.4K −$5.00/SF
NOI
$40.5K $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%
$810,540
Cap Rate 7%
$578,957
Cap Rate 9%
$450,300
Alternative Uses
Best Use
Multifamily LT 5
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$538.3K
$471.0K – $628.0K
NOI $37,680 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$808.9K
$707.8K – $943.7K
NOI $56,621 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
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?
Quadplex - Four-unit multifamily property with central air, driveway parking, and public water and sewer.
Where is this quadplex located?
The property is located at 1808 E 143RD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $714,000.
What are key features of this property?
This property features: Four‑unit multifamily property with 3,472 square feet; Each unit has 3 bedrooms and washer and dryer hookups; Two units are occupied; two recently remodeled units are ready for lease
