Two-Unit Brick
For Sale
$845,000
5205 N CENTRAL AVE, Tampa, FL 33603
Separate entrances, electric meters, air conditioning, and laundry serve each residence.
Property Size3,088 SF
Price / SF$273.64
Days on Market171
Property Features for 5205 N CENTRAL AVE
General Information
Standard status
Active
Size
3,088 SF
Total Parking Spaces
2
Property subtype
Half Duplex
Site & Location
Neighborhood
Old Seminole Heights
Units
Unit Mix
1 x 2BR/2BA + den, 1 x 3BR/2BA
Multifamily Units
2
Individually Metered Utilities
electricity
Taxes and HOA fees
Annual Taxes
$8,272
Building Details
Building Size
3,088 SF
Year Built
1928
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Coldwell Banker
Listed By:
Coldwell Banker AquaTerra Realty
(813) 780-7500
Source:
Cbaquaterrarealty
Added: May 14
Changed: Oct 26
Last Checked: Oct 26 at 3:36PM
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 Coldwell Banker
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Investment Insights
Based on property information with market context.
This two-story brick duplex contains 3,088 square feet, arranged as two 1,544-square-foot units. The downstairs residence has two bedrooms, two bathrooms, and a den/dining room; the upstairs unit offers three bedrooms and two bathrooms. Both have separate entrances, air conditioning, electric meters, and washers and dryers. The property was built in 1928 and includes a two-car brick garage with a large driveway.
Modern updates are incorporated alongside retained original details, combining refreshed interiors with the building’s historic character.
Modern updates are incorporated alongside retained original details, combining refreshed interiors with the building’s historic character.
Key Highlights
- Two‑story brick duplex built in 1928
- 3,088 square feet across two 1,544‑square‑foot units
- Downstairs unit: 2 bedrooms, 2 bathrooms, and a den/dining room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,044
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,880
$720.9K
Cap Rate 7%
$514,914
$514.9K
Cap Rate 9%
$400,489
$400.5K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$55.2K $17.88/SF
− Vacancy
−$3.7K −$1.21/SF
EGI
$51.5K $16.67/SF
− OpEx
−$15.4K −$5.00/SF
NOI
$36.0K $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 Rate 5%
$720,880
Cap Rate 7%
$514,914
Cap Rate 9%
$400,489
Alternative Uses
Best Use
Multifamily LT 5
$514.9K
$450.6K – $600.7K
NOI $36,044 @ 7.0% cap · market cap 4.27%
Second Best
Apartment 5plus
$478.8K
$418.9K – $558.6K
NOI $33,513 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$719.4K
$629.5K – $839.3K
NOI $50,359 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,301
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances, electric meters, air conditioning, and laundry serve each residence.
Where is this duplex located?
The property is located at 5205 N CENTRAL AVE Tampa, FL.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: Two‑story brick duplex built in 1928; 3,088 square feet across two 1,544‑square‑foot units; Downstairs unit: 2 bedrooms, 2 bathrooms, and a den/dining room
