Two-Unit Duplex with Separate
For Sale
$379,000
206 E IDA Street, Tampa, FL 33603
Residential Income, TAMPA, FL
Property Size1,646 SF
Lot Size0.06 Acres
Price / SF$230.26
Days on Market8
Property Features for 206 E IDA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
SH-RS
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Window features
Window Treatments
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Open Floorplan, Window Treatments
Exterior features
Private Yard, Sidewalk
Appliances
Dryer, Range, Refrigerator, Washer
Subdivision
LESLEYS
Lot features
In County, Sidewalk, Paved
Elementary school
Broward-HB
Middle school
Memorial-HB
High school
Hillsborough-HB
Directions
Driving East on MLK take a right on N Branch and a left on E Ida, property is on your right.
Standard status
Active
APN
A-01-29-18-4GT-000023-00004.1
Size
1,646 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LESLEY'S PLAT W 15 FT OF LOT 4 BLOCK 23 AND E 20 FT OF CLOSED ST ABUTTING THEREON
Tax Annual Amount
5001
Legal Description
LESLEY'S PLAT W 15 FT OF LOT 4 BLOCK 23 AND E 20 FT OF CLOSED ST ABUTTING THEREON
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1926
Floors in Building
2
Number of units
2
Flooring type
Laminate
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
COASTAL PROPERTIES GROUP INTERNATIONAL
(727) 493-1555
Listed By:
Marina Kloppel, PA · License #3280491
(858) 382-7499
Added: Sep 3
Changed: Sep 10
Last Checked: Sep 10 at 8:06AM
MLS# TB8545206
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 1,646 square feet across two separate apartments. The lower residence includes 2 bedrooms and 2 bathrooms, with an open layout, natural light, and direct access to the fenced yard from the kitchen and second bedroom. The upper apartment provides 2 bedrooms, 1 bathroom, and a comparable open-plan arrangement. Each unit has its own washer and dryer, while separate electrical meters support independent utility service.
Built in 1926, the property sits on a 0.06-acre parcel in Tampa’s Seminole Heights area. The home features frame construction with wood siding, laminate flooring, a shingle roof, a porch, public water, and public sewer. Access to I-275 supports travel throughout Tampa, including routes toward Tampa International Airport and nearby destinations such as Hyde Park, Amalie Arena, the Straz Center, and Armature Works. The property is offered as-is.
Built in 1926, the property sits on a 0.06-acre parcel in Tampa’s Seminole Heights area. The home features frame construction with wood siding, laminate flooring, a shingle roof, a porch, public water, and public sewer. Access to I-275 supports travel throughout Tampa, including routes toward Tampa International Airport and nearby destinations such as Hyde Park, Amalie Arena, the Straz Center, and Armature Works. The property is offered as-is.
Key Highlights
- Two‑unit duplex with 1,646 SF of total property size
- Lower unit includes 2 bedrooms and 2 bathrooms; upper unit includes 2 bedrooms and 1 bathroom
- Separate electrical meters for each apartment
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer distinct layouts, private laundry, and access to a fenced backyard.
Where is this duplex located?
The property is located at 206 E IDA Street 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: Two‑unit duplex with 1,646 SF of total property size; Lower unit includes 2 bedrooms and 2 bathrooms; upper unit includes 2 bedrooms and 1 bathroom; Separate electrical meters for each apartment
