Duplex with Separate HVAC
New
For Sale
$354,500
5222 BOGDONOFF DRIVE, Seffner, FL 33584
Tenant-occupied duplex with private entrances, screened outdoor areas, off-street parking, and shared yard access.
Property Size1,664 SF
Price / SF$213.04
Days on Market5
Property Features for 5222 BOGDONOFF DRIVE
General Information
Standard status
Active
Size
1,664 SF
Property subtype
Duplex
Financials
Gross Income
$32,400
Average Monthly Rent
$1,350
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
private entrance
screened outdoor living area
off-street parking
shared yard
Building Details
Year Built
1987
Buildings
1
Tenancy
Multi
Listing Agency:
MILLENNIAL REALTY & PROPERTY MGMT.
(813) 217-5691
Listed By:
Christopher Nelson · License #3263842
Source:
Endlesssummerrealty
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 1:53PM
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 MILLENNIAL REALTY & PROPERTY MGMT.
Investment Insights
Based on property information with market context.
This 1,664-square-foot duplex, built in 1987, contains two residences with practical layouts, private entrances, screened outdoor living areas, and access to a shared yard. Each unit offers two bedrooms and one bathroom, along with separate A/C systems. A new roof and updated electrical panel were completed in 2025; the two A/C systems were replaced in 2021 and 2016, respectively. Off-street parking serves the property, and both residences are currently leased.
The property is situated in Seffner near shopping, dining, schools, and major roadways, with access to Tampa and surrounding communities. A companion duplex at 5223 Peach Avenue, located directly behind this property, may also be acquired, allowing for the potential purchase of four units in one location.
The property is situated in Seffner near shopping, dining, schools, and major roadways, with access to Tampa and surrounding communities. A companion duplex at 5223 Peach Avenue, located directly behind this property, may also be acquired, allowing for the potential purchase of four units in one location.
Key Highlights
- 1,664 SF duplex with two separate residences
- Each unit has 2 bedrooms and 1 bathroom
- New roof and updated electrical panel completed in 2025
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
$19,423
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
5.48%
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%
$388,460
$388.5K
Cap Rate 7%
$277,471
$277.5K
Cap Rate 9%
$215,811
$215.8K
Market Conditions
NOI Build-Up for 1,664 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
$29.8K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.7K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.4K $11.67/SF
Area
Hillsborough County, 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%
$388,460
Cap Rate 7%
$277,471
Cap Rate 9%
$215,811
Alternative Uses
Best Use
Multifamily LT 5
$277.5K
$242.8K – $323.7K
NOI $19,423 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$218.6K
$191.3K – $255.1K
NOI $15,304 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$481.9K
$421.7K – $562.2K
NOI $33,733 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 33584, FL
27,503
Population
10,906
Households
2.5
Avg Household Size
39
Median Age
26%
College-Educated
88%
High-School Grad
19.2 sq mi
ZIP Area
1,432
Density / Sq Mi
$68,330
Median Household Income
$42,648
Median Earnings
$1,379
Median Rent
$280,700
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 - Tenant-occupied duplex with private entrances, screened outdoor areas, off-street parking, and shared yard access.
Where is this duplex located?
The property is located at 5222 BOGDONOFF DRIVE Seffner, FL.
What is the asking price?
The asking price for this property is $354,500.
What are key features of this property?
This property features: 1,664 SF duplex with two separate residences; Each unit has 2 bedrooms and 1 bathroom; New roof and updated electrical panel completed in 2025
