Renovated Short-Term Rental
For Sale
$540,000
2526 W UNION Street, Tampa, FL 33607
MULTI_FAMILY - TAMPA, FL
Property Size1,725 SF
Lot Size0.11 Acres
Price / SF$313.04
Days on Market78
Property Features for 2526 W UNION Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RM-16
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Driveway, Oversize, Tandem, Guest, On Street
Patio and Porch features
Porch, Patio
Pets allowed
Cats OK, Yes, Dogs OK
Interior features
Primary Bedroom Main Floor, Solid Surface Counters, Thermostat, Window Treatments
Exterior features
Fence, Private Entrance, Private Yard
Fencing
Fenced
Appliances
Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
Subdivision
MAC FARLANES REV MAP OF ADD
Lot features
Paved
Elementary school
West Tampa-HB
Middle school
Madison-HB
High school
Jefferson
Directions
Coming from Down Town Tampa take I-275 N 1.8 miles to Armenia Ave exit. Go North on Armenia Ave for 312 feet. Then turn left (west) onto Union street. The home is approx. 180 ft on the left (south) hand side. No sign in yard!
Standard status
Active
APN
A-15-29-18-4PQ-000047-00006.0
Size
1,725 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MAC FARLANES REV MAP OF ADDITIONS TO WEST TAMPA LOT 6 BLOCK 47
Tax Annual Amount
2995
Legal Description
MAC FARLANES REV MAP OF ADDITIONS TO WEST TAMPA LOT 6 BLOCK 47
Utilities
Sewer type
Public Sewer
Heating system
Central, Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1926
Floors in Building
1
Flooring type
Tile, Vinyl, Tile - Ceramic
Building materials
Metal Siding, Frame
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Amy Greenfield · License #3190097
(813) 777-6104
Added: May 25
Changed: Aug 8
Last Checked: Aug 10 at 3:06PM
MLS# TB8512110
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated short-term rental property contains 1,725 square feet on a 0.11-acre lot. The home is configured as a 4-bedroom, 3-bath residence with two additional bonus rooms, three exterior entrances, and interior security doors. Its layout separates the improvements into a two-bedroom, one-bath area with a full kitchen and two private one-bedroom, one-bath suites. Each suite includes a living area and kitchenette with a wet bar, sink, cabinetry, refrigerator, and under-cabinet lighting.
The property is located at 2526 W Union Street in Tampa’s West Tampa area, near Tampa International Airport, Amalie Arena, Raymond James Stadium, and Tampa General Hospital. It is one street from the city’s planned Riverwalk expansion. The home also features a new roof installed June 2026, a covered tiled front porch, fenced private yard, driveway parking, public water, and public sewer. RM-16 zoning is identified in the property information.
The property is located at 2526 W Union Street in Tampa’s West Tampa area, near Tampa International Airport, Amalie Arena, Raymond James Stadium, and Tampa General Hospital. It is one street from the city’s planned Riverwalk expansion. The home also features a new roof installed June 2026, a covered tiled front porch, fenced private yard, driveway parking, public water, and public sewer. RM-16 zoning is identified in the property information.
Key Highlights
- 1,725‑square‑foot property on a 0.11‑acre lot
- 4‑bedroom, 3‑bath layout with two additional bonus rooms
- Three exterior entrances with interior security doors
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
$18,721
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
3.47%
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%
$374,420
$374.4K
Cap Rate 7%
$267,443
$267.4K
Cap Rate 9%
$208,011
$208.0K
Market Conditions
NOI Build-Up for 1,725 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
$36.6K $21.24/SF
− Vacancy
−$2.6K −$1.51/SF
EGI
$34.0K $19.73/SF
− OpEx
−$15.3K −$8.88/SF
NOI
$18.7K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
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%
$374,420
Cap Rate 7%
$267,443
Cap Rate 9%
$208,011
Alternative Uses
Best Use
Apartment 5plus
$267.4K
$234.0K – $312.0K
NOI $18,721 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.9K
$351.6K – $468.9K
NOI $28,131 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,442
Businesses Nearby
Explore this area
Business Placement
Demographics for 33607, FL
24,767
Population
13,158
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
9.3 sq mi
ZIP Area
2,663
Density / Sq Mi
$66,404
Median Household Income
$43,404
Median Earnings
$1,771
Median Rent
$316,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Flexible layout includes a primary residence and two private lock-out suites with separate exterior access.
Where is this short term rental property located?
The property is located at 2526 W UNION Street Tampa, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 1,725‑square‑foot property on a 0.11‑acre lot; 4‑bedroom, 3‑bath layout with two additional bonus rooms; Three exterior entrances with interior security doors
