New Construction
New
For Sale
$1,199,000
2707 E 22ND AVENUE, Tampa, FL 33605
Each residence includes four bedrooms, a private garage, and its own fenced backyard.
Property Size5,037 SF
Price / SF$238.04
Days on Market7
Property Features for 2707 E 22ND AVENUE
General Information
Standard status
Active
Size
5,037 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 4BR/4BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
POWER REAL ESTATE GROUP LLC
(813) 454-8041
Listed By:
Celina Weathersby · License #3459962
Source:
Dennisrealty
Added: Oct 9
Changed: Oct 15
Last Checked: Oct 15 at 12:20AM
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 POWER REAL ESTATE GROUP LLC
Investment Insights
Based on property information with market context.
Under construction in Tampa, this duplex is planned with two three-story residences totaling 5,037 heated square feet. Each unit contains 2,518.5 heated square feet, four bedrooms, and four full bathrooms. A first-floor bedroom and bath sit alongside garage access. The second level combines the kitchen, dining, and living areas, with a pantry, laundry area, and another bedroom and full bath. Two bedroom suites with private bathrooms and walk-in closets, plus an open loft, occupy the top floor. Each residence also has a private one-car garage and fenced backyard.
Separate electrical and water meters serve the units. Construction is expected to be completed in November 2026. The property is near historic Ybor City and Downtown Tampa, with access to I-4 and I-275 and proximity to restaurants, shopping, entertainment, and employment destinations.
Separate electrical and water meters serve the units. Construction is expected to be completed in November 2026. The property is near historic Ybor City and Downtown Tampa, with access to I-4 and I-275 and proximity to restaurants, shopping, entertainment, and employment destinations.
Key Highlights
- Two residences with 2,518.5 heated square feet per unit; 5,037 heated square feet combined
- Each unit has four bedrooms and four full bathrooms
- Three‑story layouts include an open loft and two bedroom suites with private bathrooms and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,794
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,175,880
$1.2M
Cap Rate 7%
$839,914
$839.9K
Cap Rate 9%
$653,267
$653.3K
Market Conditions
NOI Build-Up for 5,037 SF
Gross rent
$90.1K $17.88/SF
− Vacancy
−$6.1K −$1.21/SF
EGI
$84.0K $16.67/SF
− OpEx
−$25.2K −$5.00/SF
NOI
$58.8K $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%
$1,175,880
Cap Rate 7%
$839,914
Cap Rate 9%
$653,267
Alternative Uses
Best Use
Multifamily LT 5
$839.9K
$734.9K – $979.9K
NOI $58,794 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$780.9K
$683.3K – $911.1K
NOI $54,664 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,143 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
617
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
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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 includes four bedrooms, a private garage, and its own fenced backyard.
Where is this duplex located?
The property is located at 2707 E 22ND AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two residences with 2,518.5 heated square feet per unit; 5,037 heated square feet combined; Each unit has four bedrooms and four full bathrooms; Three‑story layouts include an open loft and two bedroom suites with private bathrooms and walk‑in closets
