Duplex with Two-Car
New
For Sale
$740,000
3601 N 52ND STREET, Tampa, FL 33619
Two-level residential income property with open living areas, updated kitchen finishes, and a private garage.
Property Size2,830 SF
Price / SF$261.48
Days on Market7
Property Features for 3601 N 52ND STREET
General Information
Standard status
Active
Size
2,830 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
1
Building Details
Year Built
2026
Listing Agency:
PEOPLE'S CHOICE REALTY SVC LLC
(813) 933-0677
Listed By:
Raul Riano · License #3148057
Source:
Endlesssummerrealty
Added: Aug 6
Changed: Aug 11
Last Checked: Aug 11 at 6:03AM
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 PEOPLE'S CHOICE REALTY SVC LLC
Investment Insights
Based on property information with market context.
This 2,830-SF duplex property at 3601 N 52nd Street includes 6 bedrooms, 5 bathrooms, and a 2-car garage. The two-level layout places the main living, dining, and kitchen areas on the first floor, along with a half bathroom. The upper level includes a primary bedroom with a private bath, two additional bedrooms, another bathroom, and a laundry room.
Interior features include stainless steel appliances, 42' cabinets, quartz countertops, a backsplash, and a kitchen island with adjoining eat-in space. The property is identified with a 2026 year built and is offered without HOA or CDD fees.
Interior features include stainless steel appliances, 42' cabinets, quartz countertops, a backsplash, and a kitchen island with adjoining eat-in space. The property is identified with a 2026 year built and is offered without HOA or CDD fees.
Key Highlights
- 6 bedrooms and 5 bathrooms within 2,830 SF
- 2‑car garage
- Two‑level layout with first‑floor living, dining, kitchen, and half bath
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
$33,033
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
4.46%
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%
$660,660
$660.7K
Cap Rate 7%
$471,900
$471.9K
Cap Rate 9%
$367,033
$367.0K
Market Conditions
NOI Build-Up for 2,830 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
$50.6K $17.88/SF
− Vacancy
−$3.4K −$1.21/SF
EGI
$47.2K $16.67/SF
− OpEx
−$14.2K −$5.00/SF
NOI
$33.0K $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 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%
$660,660
Cap Rate 7%
$471,900
Cap Rate 9%
$367,033
Alternative Uses
Best Use
Multifamily LT 5
$471.9K
$412.9K – $550.6K
NOI $33,033 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$438.8K
$383.9K – $511.9K
NOI $30,713 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$659.3K
$576.9K – $769.2K
NOI $46,152 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
596
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-level residential income property with open living areas, updated kitchen finishes, and a private garage.
Where is this duplex located?
The property is located at 3601 N 52ND STREET Tampa, FL.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: 6 bedrooms and 5 bathrooms within 2,830 SF; 2‑car garage; Two‑level layout with first‑floor living, dining, kitchen, and half bath
