South Tampa Duplex with RM-16
2801 W CLEVELAND Street, Tampa, FL 33609
For Sale
$400,000
Residential Income, TAMPA, FL
Property Size1,002 SF
Lot Size0.14 Acres
Price / SF$399.20
Days on Market201
Property Features for 2801 W CLEVELAND Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
RICHARD PETERS REALTY LLC
(352) 448-9712
Listed By:
Alexander Izikson · License FL #3590476
(781) 996-9676
Added: Apr 24
Changed: Nov 6
Last Checked: Nov 10 at 5:06PM
MLS# TB8501615
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.
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Investment Insights
Based on property information with market context.
This 1951 duplex contains two one-bedroom, one-bath units within 1,002 square feet. The side-by-side layout requires renovation and TLC, with wall or window air-conditioning units, electric heat, a shingle roof, and an existing garden area. Plumbing was fully redone in 2024, while the roof is less than 5 years old. The property is served by public water and public sewer and carries RM-16 zoning.
Located in Tampa’s South Tampa area, the property is near Hyde Park, Midtown, Downtown Tampa, Howard Avenue, and the University of Tampa. I-275 and Tampa International Airport are also accessible from the property. The offering includes a 0.14-acre lot at 2801 W Cleveland Street, providing an established duplex configuration with multifamily zoning and a substantial site area.
Located in Tampa’s South Tampa area, the property is near Hyde Park, Midtown, Downtown Tampa, Howard Avenue, and the University of Tampa. I-275 and Tampa International Airport are also accessible from the property. The offering includes a 0.14-acre lot at 2801 W Cleveland Street, providing an established duplex configuration with multifamily zoning and a substantial site area.
Key Highlights
- RM‑16‑zoned 0.14‑acre lot in South Tampa
- Side‑by‑side duplex with two 1 bed / 1 bath units
- 1,002 square feet of total property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,696
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,920
$233.9K
Cap Rate 7%
$167,086
$167.1K
Cap Rate 9%
$129,956
$130.0K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$17.9K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$16.7K $16.67/SF
− OpEx
−$5.0K −$5.00/SF
NOI
$11.7K $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 Rate 5%
$233,920
Cap Rate 7%
$167,086
Cap Rate 9%
$129,956
Alternative Uses
Best Use
Multifamily LT 5
$167.1K
$146.2K – $194.9K
NOI $11,696 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$155.3K
$135.9K – $181.2K
NOI $10,874 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,281
Businesses Nearby
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Business Placement
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
$526,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Tampa, FL
Properties on Market for Duplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with public utilities and renovation needs in a centrally positioned South Tampa corridor.
Where is this duplex located?
The property is located at 2801 W CLEVELAND Street Tampa, FL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: RM‑16‑zoned 0.14‑acre lot in South Tampa; Side‑by‑side duplex with two 1 bed / 1 bath units; 1,002 square feet of total property size
