Four-Unit Duplex
For Sale
$900,000
4210 N Coolidge Ave, Tampa, FL 33614
Two duplex buildings feature upgraded interiors, private garages, and enclosed yards across each residence.
Property Size6,528 SF
Days on Market69
Property Features for 4210 N Coolidge Ave
General Information
Standard status
Active
Size
6,528 SF
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Amenities
garage
fenced yard
stainless steel appliances
washer/dryer
custom cabinetry
granite countertops
Building Details
Building Size
6,528 SF
Year Built
2018
Buildings
2
Construction
block construction
Listing Agency:
(813) 376-3386
Listed By:
Kari L. Grimaldi/ Broker · License #FL #BK3076744
(813) 376-3386
Source:
Grimaldicommercialrealty
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 6:48PM
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 Kari L. Grimaldi/ Broker
Investment Insights
Based on property information with market context.
This four-unit duplex portfolio includes two buildings completed in 2018, with each residence measuring 1,632 SF. Every unit offers three bedrooms, two full bathrooms, nine-foot ceilings, a private garage, and a fenced yard. Interior specifications include stainless steel appliances, an included washer and dryer, custom cabinetry, and granite countertops. Block construction with stucco exteriors and high-quality finishes defines the buildings, while high-efficiency Trane air-conditioning systems serve the units.
The property is located at 4210 N Coolidge Ave in Tampa, Florida. The units are supported by manufacturer warranties on the appliances and air-conditioning equipment, along with a one-year comprehensive builder warranty.
The property is located at 4210 N Coolidge Ave in Tampa, Florida. The units are supported by manufacturer warranties on the appliances and air-conditioning equipment, along with a one-year comprehensive builder warranty.
Key Highlights
- Two duplex buildings with 4 total units, each measuring 1,632 SF
- Completed in 2018 with block construction and stucco exteriors
- Each unit includes 3 bedrooms, 2 full bathrooms, and 9‑foot ceilings
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
$76,198
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
8.47%
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%
$1,523,960
$1.5M
Cap Rate 7%
$1,088,543
$1.1M
Cap Rate 9%
$846,644
$846.6K
Market Conditions
NOI Build-Up for 6,528 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
$116.7K $17.88/SF
− Vacancy
−$7.9K −$1.21/SF
EGI
$108.9K $16.67/SF
− OpEx
−$32.7K −$5.00/SF
NOI
$76.2K $11.67/SF
Area
ZIP 33614
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%
$1,523,960
Cap Rate 7%
$1,088,543
Cap Rate 9%
$846,644
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.5K – $1.27M
NOI $76,198 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$857.7K
$750.5K – $1.00M
NOI $60,039 @ 7.0% cap · market cap 6.67%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
515
Businesses Nearby
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
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 - Two duplex buildings feature upgraded interiors, private garages, and enclosed yards across each residence.
Where is this duplex located?
The property is located at 4210 N Coolidge Ave Tampa, FL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two duplex buildings with 4 total units, each measuring 1,632 SF; Completed in 2018 with block construction and stucco exteriors; Each unit includes 3 bedrooms, 2 full bathrooms, and 9‑foot ceilings
