Updated
For Sale
$350,000
3602 N 54TH ST, Tampa, FL 33619
One residence is occupied, while the second is vacant and ready for its next use.
Property Size2,000 SF
Days on Market110
Property Features for 3602 N 54TH ST
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,979
Building Details
Building Size
2,000 SF
Year Built
1985
Listing Agency:
KELLER WILLIAMS REALTY- PALM HARBOR
Listed By:
Jona Gamboa · License #3605910
(801) 858-0000
Source:
Judibeck
Added: Jun 22
Changed: Oct 8
Last Checked: Oct 7 at 5:39PM
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 KELLER WILLIAMS REALTY- PALM HARBOR
Investment Insights
Based on property information with market context.
Built in 1985, this duplex has two separate residences, with one currently occupied and the other vacant. Recent work includes interior and exterior painting, wood repairs, replacement carpet in one unit, and repairs to the doors. The vacant residence can accommodate a new occupant or an owner-occupant.
The property is in Tampa, near shopping, dining, major roadways, and local amenities.
The property is in Tampa, near shopping, dining, major roadways, and local amenities.
Key Highlights
- Duplex built in 1985
- One residence occupied; the second is vacant
- Recent interior and exterior painting, wood repairs, door repairs, and new carpet in one unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,345
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,900
$466.9K
Cap Rate 7%
$333,500
$333.5K
Cap Rate 9%
$259,389
$259.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$35.8K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.3K $16.67/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.3K $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%
$466,900
Cap Rate 7%
$333,500
Cap Rate 9%
$259,389
Alternative Uses
Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K
NOI $23,345 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K
NOI $21,705 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K
NOI $32,616 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
317
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - One residence is occupied, while the second is vacant and ready for its next use.
Where is this duplex located?
The property is located at 3602 N 54TH ST Tampa, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex built in 1985; One residence occupied; the second is vacant; Recent interior and exterior painting, wood repairs, door repairs, and new carpet in one unit
