Quadplex With Detached
316 W COLUMBUS Drive, Tampa, FL 33602
For Sale
$999,999
Residential Income, TAMPA, FL
Property Size2,606 SF
Lot Size0.17 Acres
Price / SF$383.73
Days on Market264
Property Features for 316 W COLUMBUS Drive
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Subdivision
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
community laundry
Building Details
Year built
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
Kyle Noseworthy · License #3537883
(215) 589-3677
Added: Feb 16
Changed: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# TB8476378
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 2,606-square-foot multifamily property occupies 0.17 acres and includes several residential structures. The front building contains a four-bedroom, two-bath layout configured as four individual units, along with an upstairs two-bedroom, one-bath unit and a separate one-bedroom, one-bath unit below. A detached one-bedroom, one-bath cottage adds another residential component. Shared community laundry and private laundry within the four-bedroom, two-bath area support the property's varied configurations.
Built in 1921, the property has frame construction with wood siding, ceramic tile flooring, a shingle roof, central air, and ductless heating. Additional features include a courtyard, private yard, ceiling fans, walk-in closets, public water, and public sewer. The property is fully rented and located near Armature Works, the Riverwalk, Downtown Tampa, dining, retail, and major employment centers.
Built in 1921, the property has frame construction with wood siding, ceramic tile flooring, a shingle roof, central air, and ductless heating. Additional features include a courtyard, private yard, ceiling fans, walk-in closets, public water, and public sewer. The property is fully rented and located near Armature Works, the Riverwalk, Downtown Tampa, dining, retail, and major employment centers.
Key Highlights
- 2,606 SF multifamily property on 0.17 acres
- Front building includes a four‑bedroom, two‑bath layout configured as four individual units
- Additional upstairs 2 bedroom / 1 bath and below‑grade 1 bedroom / 1 bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,418
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$46.6K $17.88/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$43.5K $16.67/SF
− OpEx
−$13.0K −$5.00/SF
NOI
$30.4K $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%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Multifamily LT 5
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 3.04%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K
NOI $28,282 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$607.1K
$531.2K – $708.3K
NOI $42,499 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
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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
$560,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Tampa, FL
Properties on Market for Quadplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased property combines multiple residential configurations, a detached cottage, and shared and private laundry amenities.
Where is this quadplex located?
The property is located at 316 W COLUMBUS Drive Tampa, FL.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,606 SF multifamily property on 0.17 acres; Front building includes a four‑bedroom, two‑bath layout configured as four individual units; Additional upstairs 2 bedroom / 1 bath and below‑grade 1 bedroom / 1 bath units
