Renovated Duplex with New
For Sale
$410,000
2017 N 61ST Street, Tampa, FL 33619
Residential, TAMPA, FL
Property Size1,950 SF
Lot Size0.31 Acres
Price / SF$210.26
Days on Market106
Property Features for 2017 N 61ST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-24
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Dining Room, Bedroom 5, Bathroom 2, Bathroom 4, Family Room, Bedroom 2, Bathroom 3, Bedroom 1
Interior features
Open Floorplan
Appliances
Range, Refrigerator
Subdivision
BROADWAY SUB
Directions
7th Ave (Broadway) to 61st St. North-turn South to sign, go direct to property.
Standard status
Active
APN
A-15-29-19-4CJ-000000-00007.0
Size
1,950 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BROADWAY SUBDIVISION LOT 7
Tax Annual Amount
5916
Legal Description
BROADWAY SUBDIVISION LOT 7
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2009
Floors in Building
1
Flooring type
Tile - Ceramic, Laminate
Building materials
Block
Roof type
Shingle
Listing Agency:
DALTON WADE INC
(888) 668-8283
Listed By:
Patricia Salazar · License #3360674
(786) 523-5922
Added: May 20
Changed: Aug 23
Last Checked: Sep 2 at 4:06PM
MLS# TB8510916
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 duplex contains 1,950 square feet across two residential units, including one three-bedroom, two-bath layout and a second two-bedroom, two-bath layout. The property was built in 2009 and has been renovated, with open floor plans, ceramic tile and laminate flooring, block construction, shingle roofing, and brand-new central A/C systems serving each unit. Appliances include ranges and refrigerators.
Set on 0.31 acres in a cul-de-sac, the property includes a large backyard and RM-24 zoning. Utilities and site systems include available electricity, a well water source, and a septic tank. The Tampa property is located in Hillsborough County and carries a 33619 postal code.
Set on 0.31 acres in a cul-de-sac, the property includes a large backyard and RM-24 zoning. Utilities and site systems include available electricity, a well water source, and a septic tank. The Tampa property is located in Hillsborough County and carries a 33619 postal code.
Key Highlights
- Two‑unit duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 2‑bath configurations
- 1,950 square feet on 0.31 acres
- Brand‑new central A/C systems installed in each unit
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
$22,761
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
5.55%
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%
$455,220
$455.2K
Cap Rate 7%
$325,157
$325.2K
Cap Rate 9%
$252,900
$252.9K
Market Conditions
NOI Build-Up for 1,950 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
$34.9K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.5K $16.67/SF
− OpEx
−$9.8K −$5.00/SF
NOI
$22.8K $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%
$455,220
Cap Rate 7%
$325,157
Cap Rate 9%
$252,900
Alternative Uses
Best Use
Multifamily LT 5
$325.2K
$284.5K – $379.4K
NOI $22,761 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$302.3K
$264.5K – $352.7K
NOI $21,163 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,801 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
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-unit residential property with separately configured floor plans, ceramic tile and laminate flooring, and electric heating.
Where is this duplex located?
The property is located at 2017 N 61ST Street Tampa, FL.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom, 2‑bath and 2‑bedroom, 2‑bath configurations; 1,950 square feet on 0.31 acres; Brand‑new central A/C systems installed in each unit
