Two-Story Duplex with
For Sale
$740,000
3601 N 52ND Street, Tampa, FL 33619
Residential Income, TAMPA, FL
Property Size2,830 SF
Lot Size0.06 Acres
Price / SF$261.48
Days on Market26
Property Features for 3601 N 52ND Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Zoning
RM-16
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Laundry Room, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Interior features
High Ceilings
Subdivision
GRANT PARK
Directions
Head east on E Dr Martin Luther King Jr Blvd/E M.L.K. Jr Blvd toward N 40th St, Turn right and destination will be on the Right.
Standard status
Active
APN
A-10-29-19-4BX-000015-00013.0
Size
2,830 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GRANT PARK S 1/2 OF LOT 13 BLOCK 15
Tax Annual Amount
463
Legal Description
GRANT PARK S 1/2 OF LOT 13 BLOCK 15
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Building materials
Block, Concrete, Frame
Roof type
Shingle
Listing Agency:
PEOPLE'S CHOICE REALTY SVC LLC
(813) 933-0677
Listed By:
Raul Riano · License #3148057
(813) 382-8865
Added: Aug 6
Changed: Aug 20
Last Checked: Aug 31 at 7:06AM
MLS# TB8535715
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 under-construction duplex at 3601 N 52ND Street presents a six-bedroom layout within 2,830 square feet. The first floor combines living, dining, and kitchen areas, with an additional half bath, while the upper level includes the primary suite, two more bedrooms, a bathroom, and a laundry room. High ceilings, stainless steel appliances, 42-inch cabinetry, quartz countertops, a backsplash, and a kitchen island with eat-in space add functional interior features. The property also includes a two-car garage.
Built with block, concrete, and frame construction, the home has central heating and central air conditioning, a shingle roof, public water, and public sewer. RM-16 zoning applies to the 0.06-acre property. The listing indicates no HOA and no CDD.
Built with block, concrete, and frame construction, the home has central heating and central air conditioning, a shingle roof, public water, and public sewer. RM-16 zoning applies to the 0.06-acre property. The listing indicates no HOA and no CDD.
Key Highlights
- 2,830‑square‑foot duplex on a 0.06‑acre lot
- Six‑bedroom interior layout with a primary suite and laundry room
- Two‑car garage
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
Property Profile
Current Use
Lease Details
1
Residential units
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
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 - Under-construction duplex with central heating and air conditioning, public utilities, and garage parking.
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: 2,830‑square‑foot duplex on a 0.06‑acre lot; Six‑bedroom interior layout with a primary suite and laundry room; Two‑car garage
