Modern Fenced Townhome
For Sale
$715,000
5010 E 32ND AVENUE #2, Tampa, FL 33619
Newly under-construction duplex with two townhome units, each featuring 3 bedrooms, a private fenced yard, and a garage.
Property Size3,800 SF
Price / SF$188.16
Days on Market38
Property Features for 5010 E 32ND AVENUE #2
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Duplex
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Amenities
shaker cabinets
granite countertops
backsplash
stainless steel appliances
walk-in closet
farm door
private bathroom
walk-in shower
modern shelving
washer/dryer hookup
5 inch baseboard
garage
driveway
Building Details
Year Built
2026
Listing Agency:
QUICKSILVER REAL ESTATE GROUP
(813) 288-0300
Listed By:
Hichem Melliti · License #3310939
Source:
Endlesssummerrealty
Added: Jul 9
Changed: Aug 14
Last Checked: Aug 14 at 6:09AM
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 QUICKSILVER REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This under-construction townhome duplex consists of two units. Each unit is designed with modern finishes including gray shaker cabinetry, granite countertops, tile backsplash, and stainless steel appliances. The layout includes three bedrooms upstairs, including a primary bedroom with a walk-in closet and an en-suite bathroom with a large walk-in shower. Closets include modern shelving, and washer/dryer hookups are provided for convenience upstairs.
Each unit also includes interior base and trim detailing, including 5-inch baseboard throughout. Each kitchen and bathroom are finished with level 2 granite. Exterior privacy is supported by a fully fenced configuration for each unit, along with a car garage and a large driveway.
The property is currently in the construction phase and is being offered as a duplex with Unit 1 and Unit 2 as separate townhome residences.
Each unit also includes interior base and trim detailing, including 5-inch baseboard throughout. Each kitchen and bathroom are finished with level 2 granite. Exterior privacy is supported by a fully fenced configuration for each unit, along with a car garage and a large driveway.
The property is currently in the construction phase and is being offered as a duplex with Unit 1 and Unit 2 as separate townhome residences.
Key Highlights
- Newly under construction duplex (Year Built: 2026) with two townhome units
- Each unit offers 3 bedrooms and a private fenced yard
- Primary bedroom includes a walk‑in closet and a private bathroom with a large walk‑in shower
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
$44,355
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
6.20%
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%
$887,100
$887.1K
Cap Rate 7%
$633,643
$633.6K
Cap Rate 9%
$492,833
$492.8K
Market Conditions
NOI Build-Up for 3,800 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
$67.9K $17.88/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$63.4K $16.67/SF
− OpEx
−$19.0K −$5.00/SF
NOI
$44.4K $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%
$887,100
Cap Rate 7%
$633,643
Cap Rate 9%
$492,833
Alternative Uses
Best Use
Multifamily LT 5
$633.6K
$554.4K – $739.3K
NOI $44,355 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$589.1K
$515.5K – $687.3K
NOI $41,240 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$885.3K
$774.6K – $1.03M
NOI $61,970 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
Explore this area
Business Placement
Demographics for 33619, FL
39,881
Population
15,360
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
83%
High-School Grad
27.5 sq mi
ZIP Area
1,450
Density / Sq Mi
$63,193
Median Household Income
$38,448
Median Earnings
$1,618
Median Rent
$220,300
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 - Newly under-construction duplex with two townhome units, each featuring 3 bedrooms, a private fenced yard, and a garage.
Where is this duplex located?
The property is located at 5010 E 32ND AVENUE #2 Tampa, FL.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Newly under construction duplex (Year Built: 2026) with two townhome units; Each unit offers 3 bedrooms and a private fenced yard; Primary bedroom includes a walk‑in closet and a private bathroom with a large walk‑in shower
