Residential Income Waterfront
3205 LAUREL DALE Drive Tampa, FL 33618
New
3205 LAUREL DALE Drive, Tampa, FL, 33618
$279,900
For Sale
$279,900
MULTI_FAMILY - TAMPA, FL
Property Size1,240 SF
Lot Size0.11 Acres
Price / SF$225.73
Days on Market7
Property Features for 3205 LAUREL DALE Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- PD
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bedroom 1, Dining Room, Bedroom 2, Bathroom 2, Bathroom 1
- Patio and Porch features
- Porch
- Interior features
- Ceiling Fans(s), Crown Molding, Split Bedroom, Stone Counters, Thermostat, Vaulted Ceiling(s), Window Treatments
- Exterior features
- Rain Gutters, Sliding Doors, Storage
- Appliances
- Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- Standard status
- Active
- APN
- U-22-27-18-0KK-000003-00104.0
- Size
- 1,240 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- NORTH LAKES SECTION I UNIT NO 1 LOT 104 BLOCK 3
- Tax Annual Amount
- 580
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
- Water front
- 1
Building Details
- Year built
- 1983
- Floors in Building
- 1
- Flooring type
- Wood, Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agency
SAND DOLLAR REALTY GROUP INC
(407) 389-7318
Listed by
Robert Arnold, Jr · License #627826
(407) 389-7318
Added: Jul 15 Updated: Jul 21 at 3:51PM Checked: Jul 21 at 10:06PM
MLS# O6425108
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.
This residential income property is a large 2-bedroom, 2-bath canal waterfront home featuring tile and wood flooring throughout. The kitchen includes granite countertops, wood cabinets, and a closet pantry. A screened porch overlooks a private freshwater canal, with lake access during the rainy season. The home also has a brand-new roof installed in May 2026 and was recently underpinned and stabilized in July 2026 with contractor warranty. Some TLC is needed, and the property is being offered accordingly.
The home is located in Tampa, Hillsborough County, and the listing notes that major retailers and shopping options such as Publix, Whole Foods, WalMart, and Home Depot are just minutes away. A short drive to I-275 provides access to downtown Tampa. The property is described as having no homeowner’s association.
The property is zoned PD. It sits on a small lot and is offered for sale as reflected in the listing information provided.
The home is located in Tampa, Hillsborough County, and the listing notes that major retailers and shopping options such as Publix, Whole Foods, WalMart, and Home Depot are just minutes away. A short drive to I-275 provides access to downtown Tampa. The property is described as having no homeowner’s association.
The property is zoned PD. It sits on a small lot and is offered for sale as reflected in the listing information provided.
Key Highlights
- 1983‑built 2‑bedroom, 2‑bath canal waterfront home with private freshwater canal views and rainy‑season lake access
- Brand new shingle roof installed May 2026
- Recently underpinned and stabilized in July 2026 with contractor warranty
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.2k | $17.88 |
| − Vacancy | −$1.5k | −$1.21 |
| EGI | $20.7k | $16.67 |
| − OpEx | −$6.2k | −$5.00 |
| NOI | $14.5k | $11.67 |
1,240 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$206.8K
$180.9K – $241.2K
NOI $14,474 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$192.2K
$168.2K – $224.3K
NOI $13,457 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$288.9K
$252.8K – $337.0K
NOI $20,222 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Freshwater canal waterfront home with screened porch and interior upgrades, including a brand-new roof and stabilization work completed in 2026.
Where is this duplex located?
The property is located at 3205 LAUREL DALE Drive Tampa, FL.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 1983‑built 2‑bedroom, 2‑bath canal waterfront home with private freshwater canal views and rainy‑season lake access; Brand new shingle roof installed May 2026; Recently underpinned and stabilized in July 2026 with contractor warranty
