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Duplex with Fenced Yard Areas

2526-2524 W Carmen St, Tampa, FL 33609

For Sale
$430,000

Two separately metered residences each include in-unit laundry and a private yard area.

Property Size1,200 SF
Price / SF$358.33
Days on Market8

Property Features for 2526-2524 W Carmen St

General Information

Standard status Active
Size 1,200 SF
Property subtype Residential Income

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
Listing Agency: KELLER WILLIAMS TAMPA CENTRAL
Listed By: Amy Greenfield · License #3190097
Source: Exprealty
Added: Oct 30 Changed: Nov 4 Last Checked: Nov 6 at 11:07AM

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

Rey
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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.

This duplex contains two updated residences, each with two bedrooms and one full bathroom. Both units have their own washer and dryer, along with access to a fenced yard area. Water and electricity are separately metered for each residence, and tenants are in place.

The property is in the Plant High School District, near restaurants and Vila Brothers Park. I-275, Downtown, and South Tampa are a short drive away. The surrounding area includes single-family homes.

Key Highlights

  • Two updated units, each with 2 bedrooms and 1 full bath
  • Separate water and electric meters for each unit
  • Washer and dryer provided in both residences

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 (±1% cap)
NOI $14,007 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$186.0K
$162.8K – $217.1K (±1% cap)
NOI $13,023 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$279.6K
$244.6K – $326.2K (±1% cap)
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

Lease Details

2
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,312
Businesses Nearby

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

Market

Average Price Trend$/SF for Duplexes in Tampa, FL

$281 Jul
$279 Aug
$276 Sep
$284 Oct

Properties on Market for Duplexes in Tampa

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered residences each include in-unit laundry and a private yard area.
Where is this duplex located?
The property is located at 2526-2524 W Carmen St 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; Separate water and electric meters for each unit; Washer and dryer provided in both residences
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