Four-Unit Multifamily
New
For Sale
$650,000
3106 N 17TH ST, Tampa, FL 33605
Existing leases run into 2027, while one residence is available for occupancy.
Property Size2,764 SF
Lot Size0.26 Acres
Days on Market4
Property Features for 3106 N 17TH ST
General Information
Standard status
Active
Size
2,764 SF
Total Parking Spaces
4
Lot size
0.26 Acres
Property subtype
Quadruplex
Units
Unit Mix
1 x 4BR/3BA, 2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,620
Amenities
fenced yard
Building Details
Building Size
2,764 SF
Year Built
1924
Year Renovated
2021
Buildings
2
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL
Listed By:
Kamilla Altunyan · License #SL3333610
(813) 365-8765
Source:
Judibeck
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 1:00PM
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 KELLER WILLIAMS TAMPA CENTRAL
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Investment Insights
Based on property information with market context.
The 2,764-square-foot property comprises a 1924 bungalow and a separate two-story triplex, with four rental units across a 0.26-acre parcel. The bungalow has four bedrooms and three bathrooms. In the triplex, two units have one bedroom and one bathroom each, and the third has two bedrooms and one bathroom. All four units received renovations in 2020–2021. Later improvements include a fenced yard in 2020, updated triplex electrical service and laundry circuits in 2021, and new HVAC in the bungalow in 2022.
Three units are leased into 2027; the fourth is available. Tenants pay their own utilities, and water, sewer, and trash are billed back monthly. Covered carport parking accommodates four vehicles. The property is in Tampa’s historic Ybor area, north of I-4, and minutes from Ybor City, downtown Tampa, Channelside, and the Gasworx development.
Three units are leased into 2027; the fourth is available. Tenants pay their own utilities, and water, sewer, and trash are billed back monthly. Covered carport parking accommodates four vehicles. The property is in Tampa’s historic Ybor area, north of I-4, and minutes from Ybor City, downtown Tampa, Channelside, and the Gasworx development.
Key Highlights
- Four rental units: a four‑bedroom, three‑bath bungalow and a two‑story triplex
- 2,764 SF building on a 0.26‑acre (11,440 SF) lot
- Triplex mix includes two 1 bed / 1 bath units and one 2 bed / 1 bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,263
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$645,260
$645.3K
Cap Rate 7%
$460,900
$460.9K
Cap Rate 9%
$358,478
$358.5K
Market Conditions
NOI Build-Up for 2,764 SF
Gross rent
$49.4K $17.88/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$46.1K $16.67/SF
− OpEx
−$13.8K −$5.00/SF
NOI
$32.3K $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%
$645,260
Cap Rate 7%
$460,900
Cap Rate 9%
$358,478
Alternative Uses
Best Use
Multifamily LT 5
$460.9K
$403.3K – $537.7K
NOI $32,263 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$428.5K
$375.0K – $500.0K
NOI $29,997 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$643.9K
$563.4K – $751.3K
NOI $45,075 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 33605, FL
18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Existing leases run into 2027, while one residence is available for occupancy.
Where is this multifamily property located?
The property is located at 3106 N 17TH ST Tampa, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four rental units: a four‑bedroom, three‑bath bungalow and a two‑story triplex; 2,764 SF building on a 0.26‑acre (11,440 SF) lot; Triplex mix includes two 1 bed / 1 bath units and one 2 bed / 1 bath unit
