Tampa Heights Multifamily Investment
For Sale
$1,600,000
2306 N MORGAN STREET, Tampa, FL 33602
Turn-key multifamily asset in Tampa's in-demand rental corridor.
Property Size1,372 SF
Lot Size0.14 Acres
Price / SF$1,166
Days on Market284
Property Features for 2306 N MORGAN STREET
General Information
Standard status
Active
Size
1,372 SF
Lot size
0.14 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,959
Amenities
Central air
Pool
Public Pool
Carpet Flooring
Ductless Heating
Linoleum Flooring
Wall/Window Unit(s) Cooling
Building Details
Year Built
1902
Listing Agency:
SERRALLES GROUP,INC
(813) 307-0007
Listed By:
EDDIE SERRALLES · License #508984
Source:
Corcoran
Added: Nov 6, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:44PM
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 SERRALLES GROUP,INC
Investment Insights
Based on property information with market context.
Located in the Tampa Heights submarket, the property at 2306 Morgan Street includes two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, constructed in 1902, and the rear quadplex, constructed in 1926, offer a diverse unit mix: 2 studios (343 SF each), one 1-bedroom/1-bathroom unit (682 SF), and four 2-bedroom/1-bathroom units (735 SF each). The property has been freshly painted inside and out, offering curb appeal and a low-maintenance setup. Recent improvements include a new roof within the past 2-3 years and upgraded capital expenditures. Positioned minutes from Tampa’s attractions, residents enjoy access to Ybor City’s nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. The property presents opportunities for investors targeting value-add potential. Long-term tenants are paying below-market rents, creating upside through adjustments to market rents. Implementing water bill-back systems provides a way to improve net operating income. With consistent occupancy, recent updates, and a location near the city’s amenities, 2306 Morgan stands out as an opportunity to own a multifamily asset in one of Tampa’s rental corridors. The property size is 1372 square feet.
Key Highlights
- Prime location in the highly desirable Tampa Heights submarket, near Ybor City, Downtown Tampa, Armature Works, and the Tampa Heights entertainment district.
- Value‑add opportunity through rent optimization to market rates.
- Turn‑key multifamily asset with recent updates, including a new roof within the past 2‑3 years and upgraded capital expenditures.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 33602, FL
19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Turn-key multifamily asset in Tampa's in-demand rental corridor.
Where is this multifamily property located?
The property is located at 2306 N MORGAN STREET Tampa, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Prime location in the highly desirable Tampa Heights submarket, near Ybor City, Downtown Tampa, Armature Works, and the Tampa Heights entertainment district.; Value‑add opportunity through rent optimization to market rates.; Turn‑key multifamily asset with recent updates, including a new roof within the past 2‑3 years and upgraded capital expenditures.
