Two-Unit Duplex with Updated
For Sale
$425,000
4103 N HOWARD AVE, Tampa, FL 33607
Two three-bedroom residences offer separate occupancy, with one unit vacant and the upstairs unit under long-term leases.
Property Size1,864 SF
Price / SF$228
Days on Market254
Property Features for 4103 N HOWARD AVE
General Information
Standard status
Active
Size
1,864 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Riverside Heights Neighborhood Association
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,500
Building Details
Building Size
1,864 SF
Year Built
1925
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Eric Dungy · License #3338558
(813) 365-9935
Source:
Seriannirealestate
Added: Feb 20
Changed: Oct 31
Last Checked: Oct 31 at 2:21PM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
At 4103 N Howard Ave in Tampa, this duplex contains two three-bedroom, one-bathroom units within 1,864 square feet. One residence is vacant; tenants in the upper unit have long-term leases. The building was constructed in 1925.
Recent exterior work includes new Hardie Board siding, trim, paint, and fencing. The air-conditioning system was upgraded in 2022. The property is in West Riverside Heights, with Raymond James Stadium, Hillsborough Community College, St. Joseph’s Hospital, Armature Works, and the University of Tampa identified nearby.
Recent exterior work includes new Hardie Board siding, trim, paint, and fencing. The air-conditioning system was upgraded in 2022. The property is in West Riverside Heights, with Raymond James Stadium, Hillsborough Community College, St. Joseph’s Hospital, Armature Works, and the University of Tampa identified nearby.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,864 square feet combined
- New Hardie Board siding, trim, exterior paint, and fence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,757
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$435,140
$435.1K
Cap Rate 7%
$310,814
$310.8K
Cap Rate 9%
$241,744
$241.7K
Market Conditions
NOI Build-Up for 1,864 SF
Gross rent
$33.3K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$31.1K $16.67/SF
− OpEx
−$9.3K −$5.00/SF
NOI
$21.8K $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%
$435,140
Cap Rate 7%
$310,814
Cap Rate 9%
$241,744
Alternative Uses
Best Use
Multifamily LT 5
$310.8K
$272.0K – $362.6K
NOI $21,757 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$289.0K
$252.9K – $337.2K
NOI $20,229 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,607
Businesses Nearby
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Business Placement
Demographics for 33607, FL
24,767
Population
13,158
Households
1.9
Avg Household Size
37
Median Age
35%
College-Educated
87%
High-School Grad
9.3 sq mi
ZIP Area
2,663
Density / Sq Mi
$66,404
Median Household Income
$43,404
Median Earnings
$1,771
Median Rent
$316,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences offer separate occupancy, with one unit vacant and the upstairs unit under long-term leases.
Where is this duplex located?
The property is located at 4103 N HOWARD AVE Tampa, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,864 square feet combined; New Hardie Board siding, trim, exterior paint, and fence
