Modern Duplex with Fenced
For Sale
$699,999
Pending
2313 E COLUMBUS Drive, Tampa, FL 33605
Residential Income, TAMPA, FL
Property Size2,360 SF
Lot Size0.10 Acres
Days on Market307
Property Features for 2313 E COLUMBUS Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-24
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 4, Dining Room, Bedroom 6, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 2
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan
Exterior features
Fence, Lighting, Rain Gutters
Fencing
Fenced
Subdivision
STIGGINS REP
Directions
From-I-4, north on 22nd st, Left on 17th Ave, to Property on corner.
Standard status
Pending
APN
A-17-29-19-4WE-000000-00004.0
Size
2,360 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
STIGGINS REPLAT LOT 4
Tax Annual Amount
1048
Legal Description
STIGGINS REPLAT LOT 4
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
expansive patio
private fenced-in yard
Building Details
Year built
2025
Number of units
2
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Aldo Delacruz · License #3324423
(813) 505-3625
Added: Nov 3, 2025
Changed: Sep 2
Last Checked: Sep 6 at 3:06AM
MLS# TB8444385
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 under-construction duplex contains two one-story residences within 2,360 square feet. Each unit includes three bedrooms, an open-concept living and dining area, a kitchen with quartz countertops and a counter-height island, and a family room with extensive window exposure. Both residences open to expansive patios and private fenced yards. Impact glass windows and doors, central heating and cooling, block and frame construction, and a one-year builder warranty are included. The property also has public water and sewer service, cable availability, rain gutters, exterior lighting, and a shingle roof.
Located at 2313 E Columbus Drive in Tampa’s historic Ybor City, the property is 5 minutes from Downtown Tampa and 15 minutes from Tampa International Airport. RM-24 zoning and the absence of HOA restrictions provide the stated framework for ownership and use.
Located at 2313 E Columbus Drive in Tampa’s historic Ybor City, the property is 5 minutes from Downtown Tampa and 15 minutes from Tampa International Airport. RM-24 zoning and the absence of HOA restrictions provide the stated framework for ownership and use.
Key Highlights
- Two one‑story units with three bedrooms each
- 2,360 square feet on a 0.1‑acre lot
- Under construction with a 2025 year built
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
$27,547
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
3.94%
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%
$550,940
$550.9K
Cap Rate 7%
$393,529
$393.5K
Cap Rate 9%
$306,078
$306.1K
Market Conditions
NOI Build-Up for 2,360 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
$42.2K $17.88/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$39.4K $16.67/SF
− OpEx
−$11.8K −$5.00/SF
NOI
$27.5K $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%
$550,940
Cap Rate 7%
$393,529
Cap Rate 9%
$306,078
Alternative Uses
Best Use
Multifamily LT 5
$393.5K
$344.3K – $459.1K
NOI $27,547 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$365.9K
$320.2K – $426.9K
NOI $25,612 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$549.8K
$481.1K – $641.5K
NOI $38,487 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
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?
Duplex - Two one-story residences offer open layouts, private outdoor space, and no HOA restrictions.
Where is this duplex located?
The property is located at 2313 E COLUMBUS Drive Tampa, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two one‑story units with three bedrooms each; 2,360 square feet on a 0.1‑acre lot; Under construction with a 2025 year built
