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3602 N 54TH Street, Tampa, FL, 33619
Duplex with Two 2-Bed Units

3602 N 54TH Street Tampa, FL 33619

For Sale
Under Contract
$290,000

MULTI_FAMILY - TAMPA, FL

Property Size2,000 SF
Lot Size0.13 Acres
Price / SF$145
Days on Market35

Property Features for 3602 N 54TH Street

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 2
Pets allowed
Yes
Exterior features
Fence
Fencing
Fenced
Appliances
Microwave, Refrigerator
Standard status
Active Under Contract
APN
A-10-29-19-4BX-000013-00012.0
Size
2,000 SF
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
GRANT PARK LOT 12 & E 1/2 OF CLOSED ALLEY ABUTTING ON W BLOCK 13
Tax Annual Amount
3979

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public

Building Details

Year built
1985
Number of units
2
Flooring type
Carpet, Tile, Concrete
Building materials
Block, Concrete
Roof type
Metal
Listing Agency: KELLER WILLIAMS REALTY- PALM HARBOR
Listed By: Jona Gamboa · License #3605910
Added: Jun 22 Changed: Jul 21 Last Checked: Jul 26 at 3:06AM
MLS# TB8520824

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 duplex was built in 1985 and is configured as two separate 2-bedroom, 1.5-bath units. The property totals approximately 2,000 heated square feet and includes central air conditioning. Interior finishes include tile, carpet, and concrete flooring, and the home is served by public water and sewer. The exterior includes a metal roof, and parking is assigned.

Located in Tampa, Florida in zoning RM-16, the property is described as having convenient access to major roadways and nearby shopping, dining, parks, and schools.

Each unit is laid out as a two-bedroom residence, providing a straightforward duplex structure for a residential income profile.

Key Highlights

  • Duplex with approximately 2,000 heated SF and two 2‑bedroom, 1.5‑bath units
  • Built in 1985 with central air conditioning
  • Metal roof, block and concrete construction, and fenced exterior

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $35.8k $17.88
− Vacancy −$2.4k −$1.21
EGI $33.3k $16.67
− OpEx −$10.0k −$5.00
NOI $23.3k $11.67
2,000 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$333.5K
$291.8K – $389.1K (±1% cap)
NOI $23,345 @ 7.0% cap · market cap 8.05%
Second Best
Apartment 5plus
$310.1K
$271.3K – $361.8K (±1% cap)
NOI $21,705 @ 7.0% cap · market cap 7.48%
Theoretical Best
Office A
$465.9K
$407.7K – $543.6K (±1% cap)
NOI $32,616 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Dental Office (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Accounting Firm Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Built in 1985, this duplex includes two 2-bedroom, 1.5-bath units with assigned parking and central air.
Where is this duplex located?
The property is located at 3602 N 54TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Duplex with approximately 2,000 heated SF and two 2‑bedroom, 1.5‑bath units; Built in 1985 with central air conditioning; Metal roof, block and concrete construction, and fenced exterior
More about this property
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