11-Unit Apartment
For Sale
$1,599,000
2806 N TAMPA Street, Tampa, FL 33602
Commercial Sale, TAMPA, FL
Property Size7,942 SF
Lot Size0.42 Acres
Price / SF$201.33
Days on Market403
Property Features for 2806 N TAMPA Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RM-16
Subdivision
WARREN & KEYES
Directions
I-275 to Floribraska exit turn right go to tampa st turn left properties are on the right 3rd block down.
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 Description
WARREN AND KEYES N 1/2 OF LOTS 1 AND 2 BLOCK 7
Tax Annual Amount
14541
Legal Description
WARREN AND KEYES N 1/2 OF LOTS 1 AND 2 BLOCK 7
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1945
Number of units
11
Flooring type
Carpet, Vinyl
Building materials
Stucco, Frame
Roof type
Shingle, Metal
Listing Agency:
SERRALLES GROUP,INC
(813) 307-0007
Listed By:
Eddie Serralles · License #508984
(813) 610-1563
Added: Sep 10, 2025
Changed: Oct 17
Last Checked: Oct 17 at 9:06PM
MLS# TB8426344
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 apartment property comprises 5 parcels and 11 units across 7,942 square feet on 0.42 acres. Built in 1945, the improvements feature stucco and frame construction, vinyl and carpet flooring, ductless heating, and window or wall/window cooling systems. Public water and public sewer serve the property, while roofing includes shingle and metal components.
The property is located in Tampa Heights near Armature Works, the Tampa Riverwalk, the Hillsborough River, and Raymond James Stadium. Access to I-275 and I-4 connects the site with downtown Tampa, Midtown, and Seminole Heights. RM-16 zoning and the multi-parcel configuration are established property characteristics.
The property is located in Tampa Heights near Armature Works, the Tampa Riverwalk, the Hillsborough River, and Raymond James Stadium. Access to I-275 and I-4 connects the site with downtown Tampa, Midtown, and Seminole Heights. RM-16 zoning and the multi-parcel configuration are established property characteristics.
Key Highlights
- 5 parcels containing 11 apartment units
- 7,942 square feet on 0.42 acres
- RM‑16 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,191
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,820
$1.7M
Cap Rate 7%
$1,231,300
$1.2M
Cap Rate 9%
$957,678
$957.7K
Market Conditions
NOI Build-Up for 7,942 SF
Gross rent
$168.7K $21.24/SF
− Vacancy
−$12.0K −$1.51/SF
EGI
$156.7K $19.73/SF
− OpEx
−$70.5K −$8.88/SF
NOI
$86.2K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,820
Cap Rate 7%
$1,231,300
Cap Rate 9%
$957,678
Alternative Uses
Best Use
Apartment 5plus
$1.23M
$1.08M – $1.44M
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
NOI $129,518 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
11
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,005
Businesses Nearby
Explore this area
Business Placement
Demographics for 33602, FL
19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
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
Frequently Asked Questions
What type of property is this?
Apartment building - Five-parcel apartment package with public water, public sewer, and RM-16 zoning.
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: 5 parcels containing 11 apartment units; 7,942 square feet on 0.42 acres; RM‑16 zoning
