Four-Unit Quadplex in Seminole
236 W NORTH STREET Tampa, FL 33604
New
For Sale
$998,000
Four-unit quadplex on a corner lot with one vacant 2/2 and three occupied units, including an Airbnb-operated unit.
Property Size2,713 SF
Price / SF$367.86
Days on Market5
Property Features for 236 W NORTH STREET
General Information
- Standard status
- Active
- Size
- 2,713 SF
- Property subtype
- Quadruplex
Building Details
- Year Built
- 1925
Listing Agency:
BRAINARD REALTY
(813) 922-2891
Listed By:
Chris Zoller · License #3340134
Source:
Miharaandassociates
Added: Jul 21
Changed: Jul 25
Last Checked: Jul 25 at 4:20PM
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
Investment Insights
Based on property information with market context.
This four-unit quadplex offers a mix of occupied and vacant space, with four independently configured residences. Unit A is currently vacant and features two bedrooms and two bathrooms. Unit B is a one-bedroom, one-bath unit operating as an Airbnb. Units C and D are leased two-bedroom units, with Unit C having one bathroom and Unit D having two bathrooms.
The property is positioned on a prominent corner lot in the heart of Old Seminole Heights. The area is described as walkable to local dining and retail options, and the listing notes convenient access to major Tampa destinations including Downtown Tampa, Ybor City, Armature Works, Midtown Tampa, Raymond James Stadium, Tampa International Airport, I-275, and the Hillsborough River.
For a buyer seeking owner-occupant flexibility, the vacant Unit A provides the option to purchase and live in one unit while generating income from the remaining leased units and the Airbnb-operated unit, subject to applicable local regulations.
The property is positioned on a prominent corner lot in the heart of Old Seminole Heights. The area is described as walkable to local dining and retail options, and the listing notes convenient access to major Tampa destinations including Downtown Tampa, Ybor City, Armature Works, Midtown Tampa, Raymond James Stadium, Tampa International Airport, I-275, and the Hillsborough River.
For a buyer seeking owner-occupant flexibility, the vacant Unit A provides the option to purchase and live in one unit while generating income from the remaining leased units and the Airbnb-operated unit, subject to applicable local regulations.
Key Highlights
- 1925‑built four‑unit quadplex on a corner lot in Old Seminole Heights
- Unit A: vacant 2 bed / 2 bath residence, ready to use as a primary home while renting other units
- Unit B: 1 bed / 1 bath unit currently operating as an Airbnb
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.5k | $17.88 |
| − Vacancy | −$3.3k | −$1.21 |
| EGI | $45.2k | $16.67 |
| − OpEx | −$13.6k | −$5.00 |
| NOI | $31.7k | $11.67 |
2,713 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.4K
$395.8K – $527.8K
NOI $31,667 @ 7.0% cap · market cap 3.17%
Second Best
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$632.1K
$553.1K – $737.4K
NOI $44,244 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Four-unit quadplex on a corner lot with one vacant 2/2 and three occupied units, including an Airbnb-operated unit.
Where is this quadplex located?
The property is located at 236 W NORTH STREET Tampa, FL.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 1925‑built four‑unit quadplex on a corner lot in Old Seminole Heights; Unit A: vacant 2 bed / 2 bath residence, ready to use as a primary home while renting other units; Unit B: 1 bed / 1 bath unit currently operating as an Airbnb
