Triplex
For Sale
$250,000
3308 E MOHAWK AVE, Tampa, FL 33610
Constructed in 1949, the residential asset contains three units.
Property Size939 SF
Price / SF$266.24
Days on Market49
Property Features for 3308 E MOHAWK AVE
General Information
Standard status
Active
Size
939 SF
Property subtype
Triplex
Building Details
Year Built
1949
Listing Agency:
YOUR HOME TEAM INC
(813) 287-1591
Listed By:
Jim Marks · License #3214890
Source:
Endlesssummerrealty
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 30 at 2:11PM
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 YOUR HOME TEAM INC
Investment Insights
Based on property information with market context.
Located at 3308 E Mohawk Ave in Tampa, Florida, this triplex property provides a three-unit residential configuration. The building dates to 1949 and carries a property size of 939 as provided.
Key Highlights
- Three‑unit residential configuration
- Built in 1949
- Located at 3308 E Mohawk Ave, Tampa, FL 33610
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
$10,960
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
4.38%
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%
$219,200
$219.2K
Cap Rate 7%
$156,571
$156.6K
Cap Rate 9%
$121,778
$121.8K
Market Conditions
NOI Build-Up for 939 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
$16.8K $17.88/SF
− Vacancy
−$1.1K −$1.21/SF
EGI
$15.7K $16.67/SF
− OpEx
−$4.7K −$5.00/SF
NOI
$11.0K $11.67/SF
Area
ZIP 33610
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%
$219,200
Cap Rate 7%
$156,571
Cap Rate 9%
$121,778
Alternative Uses
Best Use
Multifamily LT 5
$156.6K
$137.0K – $182.7K
NOI $10,960 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$136.5K
$119.5K – $159.3K
NOI $9,557 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$216.6K
$189.5K – $252.7K
NOI $15,160 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,232
Businesses Nearby
Explore this area
Business Placement
Demographics for 33610, FL
45,218
Population
17,995
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
82%
High-School Grad
18.0 sq mi
ZIP Area
2,512
Density / Sq Mi
$49,765
Median Household Income
$34,773
Median Earnings
$1,307
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Constructed in 1949, the residential asset contains three units.
Where is this triplex located?
The property is located at 3308 E MOHAWK AVE Tampa, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Three‑unit residential configuration; Built in 1949; Located at 3308 E Mohawk Ave, Tampa, FL 33610
