Duplex with Separate
New
For Sale
$499,900
3144 W CORDELIA Street, Tampa, FL 33607
Residential Income, TAMPA, FL
Property Size2,033 SF
Lot Size0.23 Acres
Price / SF$245.89
Days on Market3
Property Features for 3144 W CORDELIA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 2
Subdivision
UNPLATTED
Directions
From Columbus Dr. turn north on MacDill Ave., go two blocks to Cordelia, turn left to 3144 Cordelia, turn left
Special listing conditions
Short Sale
Standard status
Active
APN
A-10-29-18-ZZZ-000005-90680.0
Size
2,033 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PART OF SW 1/4 DESC AS BEG AT SW COR OF BLOCK 68 OF JOHN H DREW'S FIRST EXTENSION PLAT BK 5 PG 42 RUN S 60 FT E 110 FT FOR POB THN E 90.58 FT THN S 100 FT THN W 90.58 FT THN N 100 FT TO POB
Tax Annual Amount
6628
Legal Description
PART OF SW 1/4 DESC AS BEG AT SW COR OF BLOCK 68 OF JOHN H DREW'S FIRST EXTENSION PLAT BK 5 PG 42 RUN S 60 FT E 110 FT FOR POB THN E 90.58 FT THN S 100 FT THN W 90.58 FT THN N 100 FT TO POB
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
central cooling
tile and hardwood flooring
separate entrances
Building Details
Year built
1946
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Ben Mitrano PA · License #3453922
(727) 504-3490
Added: Sep 30
Changed: Oct 2
Last Checked: Oct 2 at 4:06AM
MLS# TB8553516
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.
Investment Insights
Based on property information with market context.
At 3144 W Cordelia Street in Tampa, this duplex has 2,033 square feet of building area on a 0.23-acre lot. The 1946 property contains four bedrooms and three bathrooms, with separate entrances for the two sections. Construction includes block and stucco, and the roof is shingle. Central air conditioning and electric heating serve the building.
The property has one electric meter and one water meter. Public water and sewer are available, along with cable service. Its RS-50 zoning designation and existing two-part layout are additional defining features.
The property has one electric meter and one water meter. Public water and sewer are available, along with cable service. Its RS-50 zoning designation and existing two-part layout are additional defining features.
Key Highlights
- Two‑unit property with separate entrances
- 2,033 square feet on a 0.23‑acre lot
- Four bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,730
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$474,600
$474.6K
Cap Rate 7%
$339,000
$339.0K
Cap Rate 9%
$263,667
$263.7K
Market Conditions
NOI Build-Up for 2,033 SF
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.
Gross rent
$36.4K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.9K $16.67/SF
− OpEx
−$10.2K −$5.00/SF
NOI
$23.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$474,600
Cap Rate 7%
$339,000
Cap Rate 9%
$263,667
Alternative Uses
Best Use
Multifamily LT 5
$339.0K
$296.6K – $395.5K
NOI $23,730 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$315.2K
$275.8K – $367.7K
NOI $22,063 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$473.6K
$414.4K – $552.6K
NOI $33,154 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 33607, FL
24,767
Population
13,158
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
9.3 sq mi
ZIP Area
2,663
Density / Sq Mi
$66,404
Median Household Income
$43,404
Median Earnings
$1,771
Median Rent
$316,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout includes central air conditioning and separate access points.
Where is this duplex located?
The property is located at 3144 W CORDELIA Street Tampa, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit property with separate entrances; 2,033 square feet on a 0.23‑acre lot; Four bedrooms and three bathrooms
