Three-Unit
New
For Sale
$429,000
4422 N CLARK AVENUE #C, Tampa, FL 33614
The property carries IG (Industrial General) zoning in Tampa’s Drew Park area.
Property Size1,426 SF
Lot Size0.26 Acres
Price / SF$300.84
Days on Market3
Property Features for 4422 N CLARK AVENUE #C
General Information
Standard status
Active
Size
1,426 SF
Lot size
0.26 Acres
Property subtype
Triplex
Zoning
IG
Property Condition
Severity
Repairs Needed
Evidence
Roof in fair condition
Additional Details
Multifamily Units
3
Building Details
Year Built
1940
Listing Agency:
PALLADIUM INVESTMENTS INC
(561) 329-8702
Listed By:
Matthew Brown · License #3589683
Source:
Dennisrealty
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 10:56PM
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 PALLADIUM INVESTMENTS INC
Investment Insights
Based on property information with market context.
This 1940 triplex contains three units across 1,426 square feet on a 0.26-acre parcel. Two units are vacant at closing; the third has a lease extending through March 2027. The roof is described as being in fair condition.
The property is in Tampa’s Drew Park area, near Raymond James Stadium, George M. Steinbrenner Field, Tampa International Airport, Hillsborough Community College, shopping, dining, and major roadways. Its zoning designation is IG (Industrial General).
The property is in Tampa’s Drew Park area, near Raymond James Stadium, George M. Steinbrenner Field, Tampa International Airport, Hillsborough Community College, shopping, dining, and major roadways. Its zoning designation is IG (Industrial General).
Key Highlights
- Three‑unit property on a 0.26‑acre lot
- 1,426 square feet; built in 1940
- Two units vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,645
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,900
$332.9K
Cap Rate 7%
$237,786
$237.8K
Cap Rate 9%
$184,944
$184.9K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$25.5K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.8K $16.67/SF
− OpEx
−$7.1K −$5.00/SF
NOI
$16.6K $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 Rate 5%
$332,900
Cap Rate 7%
$237,786
Cap Rate 9%
$184,944
Alternative Uses
Best Use
Multifamily LT 5
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$187.4K
$163.9K – $218.6K
NOI $13,115 @ 7.0% cap · market cap 3.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,119
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?
Triplex - The property carries IG (Industrial General) zoning in Tampa’s Drew Park area.
Where is this triplex located?
The property is located at 4422 N CLARK AVENUE #C Tampa, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Three‑unit property on a 0.26‑acre lot; 1,426 square feet; built in 1940; Two units vacant at closing
