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    Multi-Family Five-Parcel Package Title is generated by Realmo AI

    2806 N TAMPA STREET, Tampa, FL 33602

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    Claim this Listing
    For Sale
    $1,599,000

    Multi-Family 5+ - TAMPA, FL

    Property size:
    7,942 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $201/SF
    Added:
    Sep 10, 2025
    Days on Market:
    295
    Last Refresh:
    Jul 1 at 3:06 pm

    Property Features for 2806 N TAMPA STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    RM-16
    Standard status
    Active
    APN
    A-12-29-18-4R5-000007-00001.0
    Size
    7,942 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    14541

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1945
    Number of units
    11
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame, Stucco
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Contact an agent
    Eddie Serralles

    Listing agent Eddie Serralles License #508984

    Listing office SERRALLES GROUP,INC 2324 N. Highland Ave., Tampa, FL

    Listing date Sep 10, 2025

    MLS# TB8426344 Listing URL

    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.

    HighLights

    • Prime Tampa Heights location, a rapidly growing and desirable neighborhood.
    • Income‑producing property with 11 units and current rents from $1,400-$2,200.
    • Development opportunity on 5 parcels of land.
    • Close proximity to Armature Works, Tampa Riverwalk, and the Hillsborough River.
    • Excellent access to I‑275 and I‑4, providing easy commutes to downtown, Midtown, and Seminole Heights.
    • Strong rental upside potential due to neighborhood growth.

    Overview

    This for-sale multifamily offering consists of a five-parcel package at 2806 N Tampa Street in Tampa, FL 33602, totaling 11 units. The property is zoned RM-16 and is listed at approximately 0.42 acres with a total property size of 7,942 square feet. The current rent range is stated as $1,400–$2,200 per unit.

    The seller describes the location as Tampa Heights, with proximity to Armature Works, the Tampa Riverwalk, and the Hillsborough River. The remarks also note quick access to I-275 and I-4 and a location near Raymond James Stadium, positioning the package between downtown, Midtown, and Seminole Heights.

    This configuration can fit buyers seeking a small-scale, parcel-based multifamily asset with existing rental income and the ability to plan across multiple parcels under the RM-16 zoning framework. The listing notes “May not assign” and that the seller will not evict.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $168.7k $21.24
    − Vacancy −$12.0k −$1.51
    EGI $156.7k $19.73
    − OpEx −$70.5k −$8.88
    NOI $86.2k $10.85
    7,942 SF · lease $21.24/SF/yr · vacancy 7.10% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.23M
    $1.08M – $1.44M (±1% cap)
    NOI $86,191 @ 7.0% cap · market cap 5.39%
    Second Best
    no second resolved use
    Theoretical Best
    Office A
    $1.85M
    $1.62M – $2.16M (±1% cap)
    NOI $129,518 @ 7.0% cap · market cap 8.10%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.461137
    Latitude
    27.96898

    FAQs

    What type of property is this?
    Apartment building - Five-parcel multifamily package totaling 11 units, zoned RM-16, with convenient access to key Tampa corridors.
    Where is this apartment building located?
    The property is located at 2806 N TAMPA STREET Tampa, FL.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Prime Tampa Heights location, a rapidly growing and desirable neighborhood.; Income‑producing property with 11 units and current rents from $1,400-$2,200.; Development opportunity on 5 parcels of land.
    More about this property
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