Duplex With Separate
New
For Sale
$379,000
206 E Ida St, Tampa, FL 33603
Two residential units include individual laundry equipment, distinct electrical metering, and a private fenced yard for the lower apartment.
Property Size1,646 SF
Price / SF$230.26
Days on Market7
Property Features for 206 E Ida St
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
washer and dryer
private fenced backyard
Building Details
Year Built
1926
Listing Agency:
Keller Williams Tampa Central
(813) 865-0700
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Sep 4
Changed: Sep 9
Last Checked: Sep 10 at 6:11AM
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 Central
Investment Insights
Based on property information with market context.
Built in 1926, this 1,646-square-foot duplex contains two apartments with separate electrical meters and a washer and dryer in each unit. The lower residence offers two bedrooms and two bathrooms, with access to a private fenced backyard through the second bedroom and kitchen French doors. The upper apartment includes two bedrooms, one bathroom, an open floor plan, and abundant natural light. The property is offered in as-is condition.
The duplex is positioned in Tampa’s Seminole Heights neighborhood, near restaurants, bars, yoga studios, shops, Hyde Park, Amalie Arena, the Straz Center, and Armature Works. Access to I-275 supports travel throughout the area, including Tampa International Airport.
The duplex is positioned in Tampa’s Seminole Heights neighborhood, near restaurants, bars, yoga studios, shops, Hyde Park, Amalie Arena, the Straz Center, and Armature Works. Access to I-275 supports travel throughout the area, including Tampa International Airport.
Key Highlights
- 1,646‑square‑foot duplex built in 1926
- Two‑bedroom, two‑bath lower unit with access to a private fenced backyard
- Upper apartment has 2 bedrooms, 1 bathroom, and an open floor plan
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
$19,213
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
5.07%
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%
$384,260
$384.3K
Cap Rate 7%
$274,471
$274.5K
Cap Rate 9%
$213,478
$213.5K
Market Conditions
NOI Build-Up for 1,646 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
$29.4K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.4K $16.67/SF
− OpEx
−$8.2K −$5.00/SF
NOI
$19.2K $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%
$384,260
Cap Rate 7%
$274,471
Cap Rate 9%
$213,478
Alternative Uses
Best Use
Multifamily LT 5
$274.5K
$240.2K – $320.2K
NOI $19,213 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$255.2K
$223.3K – $297.7K
NOI $17,863 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$383.5K
$335.5K – $447.4K
NOI $26,843 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include individual laundry equipment, distinct electrical metering, and a private fenced yard for the lower apartment.
Where is this duplex located?
The property is located at 206 E Ida St Tampa, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: 1,646‑square‑foot duplex built in 1926; Two‑bedroom, two‑bath lower unit with access to a private fenced backyard; Upper apartment has 2 bedrooms, 1 bathroom, and an open floor plan
