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Seven-Unit Apartment Building
For Sale
$799,000

4615 N HESPERIDES St, Tampa, FL 33614

Seven-unit multifamily property built in 1944 with a stated 7.52 cap rate and immediate cash flow potential.

Property Size2,000 SF
Days on Market14

Property Features for 4615 N HESPERIDES St

General Information

Standard status Active
Size 2,000 SF
Property subtype Commercial

Additional Details

Cap Rate 7.52%
Highway Access Yes
Multifamily Units 7

Taxes and HOA fees

Annual Taxes $6,350

Building Details

Building Size 2,000 SF
Year Built 1944
Stories 1
Units 7
Listing Agency: BLUE PEAK REALTY LLC
Listed By: Andrew Cutrona · License #3501140
Source: Elliman
Added: Jul 30 Changed: Aug 9 Last Checked: Aug 12 at 6:45AM

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 BLUE PEAK REALTY LLC

Investment Insights

Based on property information with market context.

Seven-unit apartment building built in 1944, presented as a stabilized, income-producing multifamily asset with a stated 7.52 cap rate. The offering is described as providing immediate cash flow from day one.

Located on North Hesperides Street at 4615 N Hesperides St, Tampa, FL 33614, the property is positioned in Tampa’s Drew Park district. The remarks note convenient access to major destinations and employment areas, including Raymond James Stadium, George M. Steinbrenner Field, Tampa International Airport, International Plaza, downtown Tampa, and Interstate 275 and the Veterans Expressway.

WalkScore and transitScore are listed as 32 and 27, respectively, with Bikeable bikeScore of 61, supporting a primarily car-dependent access pattern with some bicycling connectivity.

Key Highlights

  • Seven‑unit multifamily apartment building
  • Built in 1944
  • Stated 7.52 cap rate with immediate cash flow from day one

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency (Bike/Boat/Book/etc) Store Acupuncture Tattoo & Piercing Shop Dental Office Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,058
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven-unit multifamily property built in 1944 with a stated 7.52 cap rate and immediate cash flow potential.
Where is this apartment building located?
The property is located at 4615 N HESPERIDES St Tampa, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Seven‑unit multifamily apartment building; Built in 1944; Stated 7.52 cap rate with immediate cash flow from day one
More about this property
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