Two-Unit Duplex with Screened
For Sale
$999,000
2417 W STROUD AVENUE, Tampa, FL 33629
Both residences offer two-story layouts, private driveways, and dedicated laundry-storage rooms.
Property Size2,448 SF
Price / SF$408.09
Days on Market60
Property Features for 2417 W STROUD AVENUE
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1983
Listing Agency:
LPT REALTY LLC
(813) 359-8990
Listed By:
Andrew Duncan · License #3135049
(813) 501-3939
Source:
Dennisrealty
Added: Aug 4
Changed: Oct 1
Last Checked: Oct 1 at 11:04AM
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 LPT REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1983, this 2,448-square-foot duplex contains two matching two-story residences. Each unit includes 2 bedrooms, 2 full bathrooms, and 1 half bath, along with an open living and dining area, a finished kitchen, and a screened lanai. Kitchen features include plank-style tile floors, granite counters, espresso cabinetry, stainless steel appliances, and a dining pass-through. The lanais connect to separate laundry and storage rooms. Upstairs, both bedrooms function as suites, with primary bedrooms featuring ensuite baths and walk-in showers. Each residence also has its own driveway.
One unit is operating as an Airbnb and the other is tenant occupied. The property has no HOA and is situated in South Tampa near Bayshore Boulevard, Hyde Park, Downtown Tampa, Channelside, Tampa International Airport, area beaches, dining, shopping, nightlife, and local schools.
One unit is operating as an Airbnb and the other is tenant occupied. The property has no HOA and is situated in South Tampa near Bayshore Boulevard, Hyde Park, Downtown Tampa, Channelside, Tampa International Airport, area beaches, dining, shopping, nightlife, and local schools.
Key Highlights
- Two‑unit duplex with 2,448 SF of total building area
- Each unit includes 2 bedrooms, 2 full bathrooms, and 1 half bath
- Matching two‑story floor plans with screened lanais
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
$28,574
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
2.86%
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%
$571,480
$571.5K
Cap Rate 7%
$408,200
$408.2K
Cap Rate 9%
$317,489
$317.5K
Market Conditions
NOI Build-Up for 2,448 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
$43.8K $17.88/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$40.8K $16.67/SF
− OpEx
−$12.2K −$5.00/SF
NOI
$28.6K $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%
$571,480
Cap Rate 7%
$408,200
Cap Rate 9%
$317,489
Alternative Uses
Best Use
Multifamily LT 5
$408.2K
$357.2K – $476.2K
NOI $28,574 @ 7.0% cap · market cap 2.86%
Second Best
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,567 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$570.3K
$499.0K – $665.4K
NOI $39,922 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 33629, FL
26,394
Population
11,237
Households
2.3
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
4.8 sq mi
ZIP Area
5,499
Density / Sq Mi
$158,337
Median Household Income
$88,821
Median Earnings
$1,758
Median Rent
$764,100
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two-story layouts, private driveways, and dedicated laundry-storage rooms.
Where is this duplex located?
The property is located at 2417 W STROUD AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,448 SF of total building area; Each unit includes 2 bedrooms, 2 full bathrooms, and 1 half bath; Matching two‑story floor plans with screened lanais
