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Two-Unit Duplex Property
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309 S Newport Ave, Tampa, FL 33606

Fully occupied duplex with two residences featuring updated amenities and spacious layouts.

Property SizeContact for details
Days on Market144

Property Features for 309 S Newport Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%
Net Operating Income $77,557

Additional Details

Cap Rate 6.2%
Multifamily Units 2
Listing Agency: Mcbride Kelly & Associates Llc
Listed By: Brian Mcbride · License #bk3014081
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 7:40AM

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 Mcbride Kelly & Associates Llc

Investment Insights

Based on property information with market context.

This duplex property contains two residences, each described as well maintained and configured with modern amenities and spacious layouts. Both units are occupied, providing a fully leased two-unit configuration. The property carries a 6.20% cap rate, while the surrounding area recorded a 2023 population of 21,190 within a 1-mile radius and a median household income of $85,179. These demographic figures provide context for the nearby residential market.

Key Highlights

  • Two residential units with spacious layouts and modern amenities
  • 100% occupancy across both residences
  • 6.20% cap rate

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Clothing & Fashion Store Daycare Center Pet Grooming Service Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,831
Businesses Nearby

Demographics for 33606, FL

22,271
Population
10,918
Households
2
Avg Household Size
30
Median Age
77%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
6,749
Density / Sq Mi
$113,634
Median Household Income
$46,311
Median Earnings
$1,931
Median Rent
$796,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied duplex with two residences featuring updated amenities and spacious layouts.
Where is this duplex located?
The property is located at 309 S Newport Ave Tampa, FL.
What are key features of this property?
This property features: Two residential units with spacious layouts and modern amenities; 100% occupancy across both residences; 6.20% cap rate
(813) 493-0507 Call to check price and availability
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