Updated Two-Unit
New
For Sale
$430,000
2524 W CARMEN ST #2526, Tampa, FL 33609
Each residence has its own washer and dryer, along with a fenced yard area.
Property Size1,200 SF
Days on Market3
Property Features for 2524 W CARMEN ST #2526
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Duplex
Site & Location
Neighborhood
Armory Gardens Civic Association
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
water, electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,716
Amenities
washer/dryer
fenced yard area
Building Details
Building Size
1,200 SF
Year Built
1969
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
Listed By:
Amy Greenfield · License #3190097
(407) 592-1100
Source:
Judibeck
Added: Oct 30
Changed: Nov 1
Last Checked: Nov 1 at 9:08AM
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 KELLER WILLIAMS TAMPA CENTRAL
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Investment Insights
Based on property information with market context.
This 1,200-square-foot duplex, built in 1969, contains two updated residences. Each unit offers two bedrooms, one full bathroom, its own washer and dryer, and a fenced yard area. Water and electric service are separately metered, and the property has established tenants.
Restaurants and Vila Brothers Park are within walking distance. I-275, Downtown, and South Tampa are a short drive away.
Restaurants and Vila Brothers Park are within walking distance. I-275, Downtown, and South Tampa are a short drive away.
Key Highlights
- Two updated units, each with 2 bedrooms and 1 full bath
- 1,200‑square‑foot duplex built in 1969
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,007
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,140
$280.1K
Cap Rate 7%
$200,100
$200.1K
Cap Rate 9%
$155,633
$155.6K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.5K $17.88/SF
− Vacancy
−$1.4K −$1.21/SF
EGI
$20.0K $16.67/SF
− OpEx
−$6.0K −$5.00/SF
NOI
$14.0K $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%
$280,140
Cap Rate 7%
$200,100
Cap Rate 9%
$155,633
Alternative Uses
Best Use
Multifamily LT 5
$200.1K
$175.1K – $233.5K
NOI $14,007 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$186.0K
$162.8K – $217.1K
NOI $13,023 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$279.6K
$244.6K – $326.2K
NOI $19,570 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
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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?
Duplex - Each residence has its own washer and dryer, along with a fenced yard area.
Where is this duplex located?
The property is located at 2524 W CARMEN ST #2526 Tampa, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two updated units, each with 2 bedrooms and 1 full bath; 1,200‑square‑foot duplex built in 1969; Separate water and electric meters for each unit
