Triplex with Flexible Side
For Sale
$479,900
4713 N ROME AVE, Tampa, FL 33603
A furnished, renovated main residence is paired with a separate side unit that offers additional living or workspace options.
Property Size1,682 SF
Lot Size0.36 Acres
Price / SF$285.32
Days on Market10
Property Features for 4713 N ROME AVE
General Information
Standard status
Active
Size
1,682 SF
Lot size
0.36 Acres
Property subtype
Triplex
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$8,668
Building Details
Building Size
1,682 SF
Year Built
1954
Listing Agency:
DALTON WADE INC
Listed By:
Yolanda Hodges · License #3320288
(404) 775-3715
Source:
Judibeck
Added: Sep 25
Changed: Oct 4
Last Checked: Oct 4 at 2:08PM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This triplex property includes a 1,682-square-foot, 3-bedroom, 2-bath main home and a separate side unit. The main residence is furnished and renovated, while the additional space can serve as a separate living area or workspace. The property was built in 1954 and has no HOA.
Set on a 0.36-acre lot in Tampa’s Wellswood neighborhood, the property combines a primary residence with flexible additional space. The side unit may also offer rental income potential.
Set on a 0.36-acre lot in Tampa’s Wellswood neighborhood, the property combines a primary residence with flexible additional space. The side unit may also offer rental income potential.
Key Highlights
- 1,682‑square‑foot main home with 3 bedrooms and 2 bathrooms
- Separate side unit for additional living or workspace
- 0.36‑acre lot in the Wellswood neighborhood of Tampa
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
$19,633
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
4.09%
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%
$392,660
$392.7K
Cap Rate 7%
$280,471
$280.5K
Cap Rate 9%
$218,144
$218.1K
Market Conditions
NOI Build-Up for 1,682 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
$30.1K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$28.0K $16.67/SF
− OpEx
−$8.4K −$5.00/SF
NOI
$19.6K $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 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%
$392,660
Cap Rate 7%
$280,471
Cap Rate 9%
$218,144
Alternative Uses
Best Use
Multifamily LT 5
$280.5K
$245.4K – $327.2K
NOI $19,633 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$260.8K
$228.2K – $304.2K
NOI $18,254 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$391.9K
$342.9K – $457.2K
NOI $27,430 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 33603, FL
19,070
Population
9,592
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
90%
High-School Grad
4.1 sq mi
ZIP Area
4,651
Density / Sq Mi
$64,632
Median Household Income
$43,136
Median Earnings
$1,320
Median Rent
$344,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - A furnished, renovated main residence is paired with a separate side unit that offers additional living or workspace options.
Where is this triplex located?
The property is located at 4713 N ROME AVE Tampa, FL.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 1,682‑square‑foot main home with 3 bedrooms and 2 bathrooms; Separate side unit for additional living or workspace; 0.36‑acre lot in the Wellswood neighborhood of Tampa
