Duplex with Fenced
For Sale
$799,900
2613 E 23RD Avenue, Tampa, FL 33605
MULTI_FAMILY - TAMPA, FL
Property Size3,231 SF
Lot Size0.11 Acres
Price / SF$247.57
Days on Market86
Property Features for 2613 E 23RD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bedroom 3, Bathroom 3, Bedroom 6, Family Room, Bathroom 2, Bedroom 5, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 4, Dining Room, Bathroom 5, Bathroom 1
Interior features
Ceiling Fans(s), High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Walk-In Closet(s)
Exterior features
Balcony, Fence, French Doors, Lighting, Sliding Doors, Sprinkler Metered
Fencing
Fenced
Subdivision
CAMPOBELLO
Elementary school
DeSoto-HB
Middle school
Orange Grove-HB
High school
Blake-HB
Directions
(via I-4) Take I-4 West Exit at 21st/22nd St (Exit 1) Turn right onto N 22nd St Turn right onto E 21st Ave Turn left onto N 26th St Turn right onto E 23rd Ave The destination will be on the left
Standard status
Active
APN
A-08-29-19-4VK-000040-00005.1
Size
3,231 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CAMPOBELLO BLOCKS 31 TO 45 LOT 6 BLOCK 40
Tax Annual Amount
12363
Legal Description
CAMPOBELLO BLOCKS 31 TO 45 LOT 6 BLOCK 40
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
fenced-in yard
Building Details
Year built
2023
Floors in Building
2
Number of units
2
Building materials
Block
Roof type
Shingle
Listing Agency:
COLDWELL BANKER REALTY
(941) 907-1033
Listed By:
Tami Cashi · License #3117254
(941) 527-9088
Added: May 14
Changed: Aug 3
Last Checked: Aug 7 at 1:06AM
MLS# A4692763
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 2023 duplex (two residences) offers an owner-occupant or investment-friendly layout with each unit designed to feel like a private single-family home. Both homes include three bedrooms and 2.5 bathrooms, an open-concept main level, and a primary bedroom upstairs. Exterior features include fenced yards for privacy, a balcony, and French and sliding doors. Interior finishes and systems include impact-resistant windows and doors, flush-mount LED lighting, ceiling fans, and walk-in closets. Construction is block with a shingle roof, and the property has central air conditioning with electric heating. Water and sewer are public, and there is a metered sprinkler system.
Located at 2613 E 23RD Avenue in Tampa (33605), the property is described as about 10 minutes to downtown Tampa, 5 minutes to Ybor, 15 minutes to International Mall and Tampa Airport, and about 30 minutes to downtown St. Pete. The site is zoned RM-16.
Lot size is 0.11 acres, providing a compact footprint with independent outdoor space for each residence.
Located at 2613 E 23RD Avenue in Tampa (33605), the property is described as about 10 minutes to downtown Tampa, 5 minutes to Ybor, 15 minutes to International Mall and Tampa Airport, and about 30 minutes to downtown St. Pete. The site is zoned RM-16.
Lot size is 0.11 acres, providing a compact footprint with independent outdoor space for each residence.
Key Highlights
- Two‑residence duplex with each unit featuring a fenced yard
- Zoned RM‑16
- Built in 2023 with block construction and a shingle roof
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
$37,714
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
4.71%
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%
$754,280
$754.3K
Cap Rate 7%
$538,771
$538.8K
Cap Rate 9%
$419,044
$419.0K
Market Conditions
NOI Build-Up for 3,231 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
$57.8K $17.88/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$53.9K $16.67/SF
− OpEx
−$16.2K −$5.00/SF
NOI
$37.7K $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%
$754,280
Cap Rate 7%
$538,771
Cap Rate 9%
$419,044
Alternative Uses
Best Use
Multifamily LT 5
$538.8K
$471.4K – $628.6K
NOI $37,714 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$500.9K
$438.3K – $584.4K
NOI $35,065 @ 7.0% cap · market cap 4.38%
Theoretical Best
Office A
$752.7K
$658.6K – $878.2K
NOI $52,691 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
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?
Duplex - 2023 duplex zoned RM-16 with two fenced yards, open floorplans, and central electric HVAC with public water and sewer.
Where is this duplex located?
The property is located at 2613 E 23RD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Two‑residence duplex with each unit featuring a fenced yard; Zoned RM‑16; Built in 2023 with block construction and a shingle roof
