4-Unit Corner
236 W NORTH, Tampa, FL 33604
For Sale
$949,000
A vacant residence sits alongside three units with a mix of leased and short-term rental arrangements.
Property Size2,713 SF
Days on Market12
Property Features for 236 W NORTH
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
BRAINARD REALTY
Listed By:
Chris Zoller · License FL #3340134
(813) 997-1501
Source:
Elliman
Added: Oct 30
Changed: Oct 31
Last Checked: Nov 8 at 6:53AM
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 BRAINARD REALTY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this four-unit property occupies a corner lot in Tampa’s Old Seminole Heights. Unit A is vacant and has two bedrooms and two bathrooms. Unit B has one bedroom and one bathroom and operates as an Airbnb. Units C and D are leased; C has two bedrooms and one bathroom, while D has two bedrooms and two bathrooms.
The property is near neighborhood restaurants, breweries, and coffee shops, with access to Downtown Tampa, Ybor City, Armature Works, Midtown Tampa, Raymond James Stadium, Tampa International Airport, I-275, and the Hillsborough River. Walk Score is 69, Bike Score is 57, and Transit Score is 38.
The property is near neighborhood restaurants, breweries, and coffee shops, with access to Downtown Tampa, Ybor City, Armature Works, Midtown Tampa, Raymond James Stadium, Tampa International Airport, I-275, and the Hillsborough River. Walk Score is 69, Bike Score is 57, and Transit Score is 38.
Key Highlights
- Four‑unit property on a corner lot in Old Seminole Heights
- Built in 1925
- Unit A: vacant, 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,667
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,340
$633.3K
Cap Rate 7%
$452,386
$452.4K
Cap Rate 9%
$351,856
$351.9K
Market Conditions
NOI Build-Up for 2,713 SF
Gross rent
$48.5K $17.88/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$45.2K $16.67/SF
− OpEx
−$13.6K −$5.00/SF
NOI
$31.7K $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 Rate 5%
$633,340
Cap Rate 7%
$452,386
Cap Rate 9%
$351,856
Alternative Uses
Best Use
Multifamily LT 5
$452.4K
$395.8K – $527.8K
NOI $31,667 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Market
Average Price Trend$/SF for Quadplexes in Tampa, FL
Properties on Market for Quadplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A vacant residence sits alongside three units with a mix of leased and short-term rental arrangements.
Where is this quadplex located?
The property is located at 236 W NORTH Tampa, FL.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Four‑unit property on a corner lot in Old Seminole Heights; Built in 1925; Unit A: vacant, 2 bedrooms and 2 bathrooms
