3-Unit
New
For Sale
$765,000
2818 LOCICERO Drive, Tampa, FL 33619
Residential Income, TAMPA, FL
Property Size3,251 SF
Lot Size0.32 Acres
Price / SF$235.31
Days on Market3
Property Features for 2818 LOCICERO Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
RDC-12
Bedrooms
11
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 7, Bathroom 3, Bedroom 11, Bathroom 2, Bedroom 6, Bedroom 3, Bedroom 2, Bathroom 5, Bedroom 10, Bathroom 4, Bathroom 1, Bedroom 9, Bedroom 5, Bedroom 1, Bedroom 8, Bedroom 4
Interior features
Ninguno
Subdivision
LOCICERO COLUMBIA PARK
Directions
Broadway east to north on Locicero to property on left
Standard status
Active
APN
U-11-29-19-1N2-000004-00009.0
Size
3,251 SF
Lot size
0.32 Acres
Additional Details
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
LOCICERO COLUMBIA PARK LOTS 9 & 10 BLOCK 4
Tax Annual Amount
8644
Legal Description
LOCICERO COLUMBIA PARK LOTS 9 & 10 BLOCK 4
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1957
Building materials
Frame
Roof type
Shingle
Buildings
2
Listing Agency:
REALTY ONE GROUP INNOVATION
(561) 501-0055
Listed By:
Long Bui · License #3469989
(813) 297-8029
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 31 at 3:06AM
MLS# TB8562671
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 triplex contains three residential units in two buildings, with a combined 3,251 square feet. Built in 1957, the frame construction has central heating and central air conditioning. Electricity is individually metered for the units. The property is zoned RDC-12.
The 0.32-acre parcel is served by public water and a septic system. Shingle roofing completes the reported building details.
The 0.32-acre parcel is served by public water and a septic system. Shingle roofing completes the reported building details.
Key Highlights
- Three residential units across two buildings
- 3,251 square feet of building area on 0.32 acres
- Individually metered electricity
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,947
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,940
$758.9K
Cap Rate 7%
$542,100
$542.1K
Cap Rate 9%
$421,633
$421.6K
Market Conditions
NOI Build-Up for 3,251 SF
Gross rent
$58.1K $17.88/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$54.2K $16.67/SF
− OpEx
−$16.3K −$5.00/SF
NOI
$37.9K $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%
$758,940
Cap Rate 7%
$542,100
Cap Rate 9%
$421,633
Alternative Uses
Best Use
Multifamily LT 5
$542.1K
$474.3K – $632.5K
NOI $37,947 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$504.0K
$441.0K – $588.0K
NOI $35,282 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$757.4K
$662.7K – $883.6K
NOI $53,017 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
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Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The three residences are distributed between two buildings on a 0.32-acre parcel.
Where is this triplex located?
The property is located at 2818 LOCICERO Drive Tampa, FL.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Three residential units across two buildings; 3,251 square feet of building area on 0.32 acres; Individually metered electricity
