2-Unit Residential
New
For Sale
$349,900
3807 PHILLIPS Street, Tampa, FL 33619
Residential Income, TAMPA, FL
Property Size1,250 SF
Lot Size0.12 Acres
Price / SF$279.92
Days on Market3
Property Features for 3807 PHILLIPS Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Interior features
Living Room/Dining Room Combo
Exterior features
Fence
Fencing
Fenced
Subdivision
GRANT PARK
Elementary school
Oak Grove Elem
Middle school
Burnett-HB
High school
Blake-HB
Directions
From Downtown Tampa, take I-4 East toward Orlando. Take Exit 5 for Martin Luther King Jr. Blvd, then head west toward N. 50th Street. Turn left onto N. 50th Street and continue to Phillips Street. Turn onto Phillips Street and proceed to 3807 Phillips St.
Standard status
Active
APN
A-10-29-19-4BX-000002-00016.0
Size
1,250 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
GRANT PARK LOT 16 BLOCK 2
Tax Annual Amount
2101
Legal Description
GRANT PARK LOT 16 BLOCK 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1984
Building materials
Block
Roof type
Shingle
Buildings
1
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
William Christensen
(813) 789-5220
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 5:06PM
MLS# TB8561854
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.
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Investment Insights
Based on property information with market context.
This 1984 block duplex contains two 2-bedroom, 1-bathroom residences, with a combined building area of 1,250 square feet on a 0.12-acre lot. One unit is rented and the other is vacant. Central air conditioning was replaced in 2025, and the roof dates to 2019. The property also has a fenced yard, public water and sewer, and RM-16 zoning.
The Tampa property offers access to downtown, interstate highways, shopping, dining, entertainment, area beaches, and Seminole Hard Rock Hotel & Casino.
The Tampa property offers access to downtown, interstate highways, shopping, dining, entertainment, area beaches, and Seminole Hard Rock Hotel & Casino.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units; one rented and one vacant
- 1,250 square feet of building area on a 0.12‑acre lot
- Central air conditioning installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,591
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$291,820
$291.8K
Cap Rate 7%
$208,443
$208.4K
Cap Rate 9%
$162,122
$162.1K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$22.4K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.8K $16.67/SF
− OpEx
−$6.3K −$5.00/SF
NOI
$14.6K $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%
$291,820
Cap Rate 7%
$208,443
Cap Rate 9%
$162,122
Alternative Uses
Best Use
Multifamily LT 5
$208.4K
$182.4K – $243.2K
NOI $14,591 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$193.8K
$169.6K – $226.1K
NOI $13,566 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$291.2K
$254.8K – $339.8K
NOI $20,385 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - One residence is rented, while the second is vacant and available for occupancy or leasing.
Where is this duplex located?
The property is located at 3807 PHILLIPS Street Tampa, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; one rented and one vacant; 1,250 square feet of building area on a 0.12‑acre lot; Central air conditioning installed in 2025
