Two-Unit Duplex with Shared
New
For Sale
$310,000
3413 N 53RD STREET, Tampa, FL 33619
Recent interior updates complement separate living spaces and a common laundry room for residents.
Property Size1,400 SF
Price / SF$221.43
Days on Market4
Property Features for 3413 N 53RD STREET
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Duplex
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
onsite shared laundry room
stainless steel appliances
Building Details
Year Built
1987
Buildings
1
Construction
block-construction
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Jeremy Burgos · License #3533242
(904) 776-1987
Source:
Dennisrealty
Added: Oct 6
Changed: Oct 8
Last Checked: Oct 7 at 11:51AM
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 LPT REALTY, LLC
Investment Insights
Based on property information with market context.
This 1,400-square-foot duplex, built in 1987, contains two separate residences, each configured with two bedrooms and one bathroom. Solid block construction and tile flooring in the main living areas are among its existing features. Stainless steel appliances serve the kitchens, and a shared laundry room is on site. Recent work includes interior painting, new bathroom vanities, and flooring and bedroom carpet in Unit B; the walkway to that unit has also been painted.
The property is in Tampa, with access to I-4 and I-275. Ybor City and Downtown Tampa are among the nearby destinations, along with employment centers, shopping, dining, and entertainment. The site is in Flood Zone X, and the property has well water and public sewer service.
The property is in Tampa, with access to I-4 and I-275. Ybor City and Downtown Tampa are among the nearby destinations, along with employment centers, shopping, dining, and entertainment. The site is in Flood Zone X, and the property has well water and public sewer service.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,400 square feet; built in 1987
- Solid block construction with tile flooring in main living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,341
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,820
$326.8K
Cap Rate 7%
$233,443
$233.4K
Cap Rate 9%
$181,567
$181.6K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$25.0K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.3K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.3K $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%
$326,820
Cap Rate 7%
$233,443
Cap Rate 9%
$181,567
Alternative Uses
Best Use
Multifamily LT 5
$233.4K
$204.3K – $272.4K
NOI $16,341 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$217.1K
$189.9K – $253.2K
NOI $15,194 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$326.2K
$285.4K – $380.5K
NOI $22,831 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Recent interior updates complement separate living spaces and a common laundry room for residents.
Where is this duplex located?
The property is located at 3413 N 53RD STREET Tampa, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,400 square feet; built in 1987; Solid block construction with tile flooring in main living areas
