Residential Income
For Sale
$494,900
4533 W FERN STREET, Tampa, FL 33614
Built in 1963 with central air, an open floorplan, and kitchen appliances.
Property Size1,717 SF
Price / SF$288.24
Days on Market50
Property Features for 4533 W FERN STREET
General Information
Standard status
Active
Size
1,717 SF
Property subtype
Duplex
Amenities
0.15 acres, Dimensions: 65x101, Sidewalk, Paved
Membrane, Shingle
Public Sewer
Additional parcels description:, Parcel Number: U-32-28-18-17L-000009-00021.0, Public Survey Range: 18, Public Survey Section: 32, Annual Amount: $1,537.78, Tax Block: 9, Tax Book Number: 36-24, Legal Description: WEST PARK ESTATES UNIT NO 4 LOT 21 BLOCK 9, Lot: 21, Year: 2025, Zoning: RSC-9
Luxury Vinyl
Central Air
Central
Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Listing ID: MFRTB8537058, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-07, 46 days on market, Special Conditions: None
ENERGY STAR Qualified Windows
5 total bedrooms
Built in 1963, Living area: 1717, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: WEST PARK ESTATES UNIT 4, MLS Area (Major): 33614 - Tampa, County/Parish: Hillsborough
Completed
3 total bathrooms
Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Water Source: Public
Slab
Close Of Escrow
Road Surface: Asphalt
Patio/Porch Features: Rear Porch, Sidewalk
Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
Microwave, Range, Refrigerator
Building Details
Year Built
1963
Listing Agency:
EASY HOME SALES
(727) 201-8964
Listed By:
Jason Henning · License #3063311
(813) 679-2104
Source:
Miharaandassociates
Added: Aug 7
Changed: Sep 24
Last Checked: Sep 24 at 9:11AM
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 EASY HOME SALES
Investment Insights
Based on property information with market context.
This residential income property at 4533 W Fern Street in Tampa features central air, central heating, an open floorplan, and a kitchen equipped with a microwave, range, and refrigerator. The property was built in 1963 and is located in Hillsborough County.
Access is provided from Hillsborough Avenue via Hesperides Street and Fern Street, with the property positioned on the right side of the road. The zoning designation is RSC-9.
Access is provided from Hillsborough Avenue via Hesperides Street and Fern Street, with the property positioned on the right side of the road. The zoning designation is RSC-9.
Key Highlights
- RSC‑9 zoning designation
- Built in 1963
- Central air and central heating
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
$15,791
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
3.19%
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%
$315,820
$315.8K
Cap Rate 7%
$225,586
$225.6K
Cap Rate 9%
$175,456
$175.5K
Market Conditions
NOI Build-Up for 1,717 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
$30.9K $18.00/SF
− Vacancy
−$2.2K −$1.28/SF
EGI
$28.7K $16.72/SF
− OpEx
−$12.9K −$7.52/SF
NOI
$15.8K $9.20/SF
Area
ZIP 33614
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$315,820
Cap Rate 7%
$225,586
Cap Rate 9%
$175,456
Alternative Uses
Best Use
Apartment 5plus
$225.6K
$197.4K – $263.2K
NOI $15,791 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
794
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
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1963 with central air, an open floorplan, and kitchen appliances.
Where is this residential income property located?
The property is located at 4533 W FERN STREET Tampa, FL.
What is the asking price?
The asking price for this property is $494,900.
What are key features of this property?
This property features: RSC‑9 zoning designation; Built in 1963; Central air and central heating
