8-Unit Multifamily
For Sale
$1,500,000
2204 E 132ND Avenue, Tampa, FL 33612
Residential Income, TAMPA, FL
Property Size6,916 SF
Lot Size0.49 Acres
Price / SF$216.89
Days on Market50
Property Features for 2204 E 132ND Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
UCA-NHO
Bedrooms
24
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bathroom 2, Bedroom 3, Bedroom 5, Bathroom 8, Bedroom 21, Bedroom 19, Bedroom 16, Bedroom 12, Bedroom 11, Bedroom 14, Family Room, Bedroom 9, Bedroom 2, Bedroom 18, Bedroom 8, Bedroom 15, Bedroom 1, Bedroom 22, Bedroom 23, Bathroom 5, Bedroom 4, Bedroom 20, Bedroom 7, Bedroom 24, Bathroom 1, Bathroom 7, Bedroom 17, Bathroom 6, Bathroom 4, Bathroom 3, Bedroom 6, Bedroom 13
Parking features
Off Street
Interior features
Kitchen/Family Room Combo, Open Floorplan
Exterior features
Sidewalk
Subdivision
HAMNERS W E FLETCHER AVE E
Directions
From E. Fletcher Ave head South on Bruce B Downs Blvd to East on E 132nd Ave to properties on the right
Standard status
Active
APN
U-08-28-19-1H4-000000-00039.0
Size
6,916 SF
Lot size
0.49 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
HAMNER'S W E FLETCHER AVENUE ESTATES A SURVEY OF LOT 39 LESS THE FOLLOWING DESC BEG AT SE COR OF LOT 39 THN W 22.50 FT N 79 FT E 7 FT N 46.94 FT W 7 FT N 15.7 FT TO A PT ON N BDRY OF LOT 39 THN E 22.50 FT TO NE COR OF LOT 39 THN S 141.62 FT TO POB
Tax Annual Amount
8002
Legal Description
HAMNER'S W E FLETCHER AVENUE ESTATES A SURVEY OF LOT 39 LESS THE FOLLOWING DESC BEG AT SE COR OF LOT 39 THN W 22.50 FT N 79 FT E 7 FT N 46.94 FT W 7 FT N 15.7 FT TO A PT ON N BDRY OF LOT 39 THN E 22.50 FT TO NE COR OF LOT 39 THN S 141.62 FT TO POB
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer hookups
Building Details
Year built
1990
Flooring type
Carpet, Tile - Ceramic
Building materials
Block, Vinyl Siding, Frame
Roof type
Shingle
Buildings
2
Listing Agency:
DENNIS REALTY & INV. CORP.
(813) 949-7444
Listed By:
Scott Robinson · License #3232044
(813) 244-7139
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 5 at 12:06AM
MLS# TB8549578
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2204 E 132ND Avenue in Tampa, this multifamily property comprises eight apartments across two four-unit buildings on separate parcels. Each apartment has three bedrooms, one bathroom and 871 square feet, with an open floor plan and washer and dryer hookups in a laundry closet. The property was built in 1990, and both buildings received new roofs in 2021.
The two parcels together contain 0.49 acres. Residents pay their own electric service. The property is served by public water and public sewer, and its zoning designation is UCA-NHO. Additional features include central air conditioning, central electric heat, and off-street parking.
The two parcels together contain 0.49 acres. Residents pay their own electric service. The property is served by public water and public sewer, and its zoning designation is UCA-NHO. Additional features include central air conditioning, central electric heat, and off-street parking.
Key Highlights
- Eight apartments in two four‑unit buildings on separate parcels
- Each apartment has 3 bedrooms, 1 bathroom and 871 square feet
- 0.49‑acre combined site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,726
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,520
$1.6M
Cap Rate 7%
$1,153,229
$1.2M
Cap Rate 9%
$896,956
$897.0K
Market Conditions
NOI Build-Up for 6,916 SF
Gross rent
$123.7K $17.88/SF
− Vacancy
−$8.3K −$1.21/SF
EGI
$115.3K $16.67/SF
− OpEx
−$34.6K −$5.00/SF
NOI
$80.7K $11.67/SF
Area
ZIP 33612
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%
$1,614,520
Cap Rate 7%
$1,153,229
Cap Rate 9%
$896,956
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,726 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$1.07M
$938.2K – $1.25M
NOI $75,056 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,280 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,864
Businesses Nearby
Explore this area
Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
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
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied rental complex with separate four-unit buildings and tenant-paid electricity.
Where is this quadplex located?
The property is located at 2204 E 132ND Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight apartments in two four‑unit buildings on separate parcels; Each apartment has 3 bedrooms, 1 bathroom and 871 square feet; 0.49‑acre combined site
