Two-Unit Duplex with Private
New
For Sale
$330,000
3216 N 48TH ST, Tampa, FL 33605
One residence is leased, while the other is vacant, offering distinct occupancy options across the two-unit property.
Property Size1,296 SF
Days on Market4
Property Features for 3216 N 48TH ST
General Information
Standard status
Active
Size
1,296 SF
Property subtype
Duplex
Occupancy
50%
Site & Location
Neighborhood
Highland Pines Community Task Force, Inc.
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,197
Building Details
Building Size
1,296 SF
Year Built
1984
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
Listed By:
Sarah Hilton · License #3525896
(305) 809-8085
Source:
Judibeck
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 5:43PM
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 LIFESTYLE INTERNATIONAL REALTY
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Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains 1,296 square feet across two 2-bedroom, 1-bathroom residences. Each unit has its own private exterior laundry room. One residence is leased and the other is vacant.
The property is approximately 15 minutes from downtown, with access to I-40. The roof is 10 years old, and the air conditioning systems are 4 and 5 years old.
The property is approximately 15 minutes from downtown, with access to I-40. The roof is 10 years old, and the air conditioning systems are 4 and 5 years old.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,296 square feet; built in 1984
- One unit leased and one vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,127
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,540
$302.5K
Cap Rate 7%
$216,100
$216.1K
Cap Rate 9%
$168,078
$168.1K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$23.2K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.6K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.1K $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%
$302,540
Cap Rate 7%
$216,100
Cap Rate 9%
$168,078
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.1K
NOI $15,127 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$301.9K
$264.2K – $352.3K
NOI $21,135 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
472
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - One residence is leased, while the other is vacant, offering distinct occupancy options across the two-unit property.
Where is this duplex located?
The property is located at 3216 N 48TH ST Tampa, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,296 square feet; built in 1984; One unit leased and one vacant
