Tampa Multifamily Investment
For Sale
$998,000
236 W NORTH STREET, Tampa, FL 33604
Value-add quadplex with short-term rental upside in Tampa.
Property Size2,713 SF
Price / SF$367.86
Days on Market217
Property Features for 236 W NORTH STREET
General Information
Standard status
Active
Size
2,713 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Riverbend Civic Association
Amenities
0.13 acres, Dimensions: 45x122
Shingle
Public Sewer
Additional parcels description:, Parcel Number: A-36-28-18-4FB-000000-00577.0, Public Survey Range: 18, Public Survey Section: 36, Annual Amount: $11,095.6, Tax Block: 0000, Tax Book Number: 9-46, Legal Description: NORTH PARK ANNEX LOT 577, Lot: 577, Year: 2025, Zoning: SH-RS
Central Air
Electric
Common Area, Laundry Room
Listing ID: MFRTB8521848, Standard Status: Active, MLS Status: Active, Property Subtype: Quadruplex, On market as of 2026-07-21, 5 days on market, Special Conditions: None
28 total bedrooms
Built in 1925, Living area: 2713, Living area units: Square Feet, Construction Materials: Frame
Subdivision: NORTH PARK ANNEX, MLS Area (Major): 33604 - Tampa / Sulphur Springs, County/Parish: Hillsborough
20 total bathrooms
Electricity Connected, Water Source: Public
Wood Burning
Crawlspace
Road Surface: Brick, Concrete
Lighting
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo
Building Details
Year Built
1925
Listing Agency:
BRAINARD REALTY
(813) 922-2891
Listed By:
Chris Zoller · License #3340134
(813) 997-1501
Source:
Miharaandassociates
Added: Mar 27
Changed: Oct 27
Last Checked: Oct 28 at 7:12AM
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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Investment Insights
Based on property information with market context.
This 4-unit multifamily property in Tampa presents a prime investment opportunity in a rapidly expanding market. The property offers a chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing. Each unit features an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa’s strong tourism industry, year-round events, and growing population drive demand for short-term accommodations, creating an income optimization opportunity for investors. The property is strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, positioning it to attract both leisure and business travelers. Investors can operate as traditional multifamily or reposition units to short-term rentals to unlock higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10% after value-add improvements and optimized short-term rental operations. The property size is 2713 square feet. This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida’s fastest-growing markets.
Key Highlights
- 4‑unit multifamily property in a rapidly expanding Tampa market.
- High‑demand Tampa rental market with strong potential for short‑term rental (Airbnb/VRBO) income.
- Excellent location with convenient access to Downtown Tampa, Raymond James Stadium, Tampa International Airport, and major highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,667
Cap Rate
3.17%
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 3.17%
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 authorities.
How Realmo checks its estimates
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Open Analytics
Location Intelligence
Trade Area within ½ mile
756
Businesses Nearby
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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
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 - Value-add quadplex with short-term rental upside in Tampa.
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: 4‑unit multifamily property in a rapidly expanding Tampa market.; High‑demand Tampa rental market with strong potential for short‑term rental (Airbnb/VRBO) income.; Excellent location with convenient access to Downtown Tampa, Raymond James Stadium, Tampa International Airport, and major highways.
