Rented Two-Unit
For Sale
$295,000
2532 W Walnut St, Tampa, FL 33607
Each residence provides two bedrooms and one bathroom in a centrally located West Tampa property.
Property Size1,080 SF
Price / SF$273.15
Days on Market54
Property Features for 2532 W Walnut St
General Information
Standard status
Active
Size
1,080 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1963
Listing Agency:
BHHS FLORIDA PROPERTIES GROUP
Listed By:
Maryann Spearman · License #3234385
(727) 709-2374
Source:
Fulcrum-residential
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 4 at 2:31PM
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 BHHS FLORIDA PROPERTIES GROUP
Investment Insights
Based on property information with market context.
This two-unit residential property includes matching layouts on both sides, with two bedrooms and one bathroom per residence. Both units are currently rented, providing an existing occupancy profile for the property. The building was constructed in 1963.
Located at 2532 W Walnut St in Tampa’s West Tampa area, the duplex is positioned near downtown and shopping. The property contains 1,080 square feet as reported in the listing data.
Located at 2532 W Walnut St in Tampa’s West Tampa area, the duplex is positioned near downtown and shopping. The property contains 1,080 square feet as reported in the listing data.
Key Highlights
- Both sides are rented
- Each unit has 2 bedrooms and 1 bathroom
- Duplex in West Tampa
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,606
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,120
$252.1K
Cap Rate 7%
$180,086
$180.1K
Cap Rate 9%
$140,067
$140.1K
Market Conditions
NOI Build-Up for 1,080 SF
Gross rent
$19.3K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$18.0K $16.67/SF
− OpEx
−$5.4K −$5.00/SF
NOI
$12.6K $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 Rate 5%
$252,120
Cap Rate 7%
$180,086
Cap Rate 9%
$140,067
Alternative Uses
Best Use
Multifamily LT 5
$180.1K
$157.6K – $210.1K
NOI $12,606 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$251.6K
$220.2K – $293.6K
NOI $17,613 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,259
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence provides two bedrooms and one bathroom in a centrally located West Tampa property.
Where is this duplex located?
The property is located at 2532 W Walnut St Tampa, FL.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Both sides are rented; Each unit has 2 bedrooms and 1 bathroom; Duplex in West Tampa
