Renovated Duplex with Fenced
For Sale
$325,000
5320 E 14th Ave, Tampa, FL 33619
Two residential units include one updated residence and outdoor areas enclosed for privacy.
Property Size1,750 SF
Price / SF$185.71
Days on Market37
Property Features for 5320 E 14th Ave
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Multi-Family
Building Details
Year Built
1985
Listing Agency:
Preferred Shore LLC
(941) 556-9100
Listed By:
Alan Atchley
(941) 556-9100
Source:
Atchleyrealty
Added: Jul 26
Changed: Aug 30
Last Checked: Aug 30 at 7:16PM
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 Preferred Shore LLC
Investment Insights
Based on property information with market context.
Built in 1985, this 1,750-square-foot duplex contains two 2-bedroom, 1-bathroom residences with practical layouts and separate fully fenced backyards. One unit has been renovated with shaker-style cabinetry, stainless steel appliances, luxury vinyl plank flooring, tile finishes, fresh paint, and updated interior details. A new A/C unit is scheduled for installation in Unit A before closing.
The property is located in Tampa with access to Interstate 4, shopping, dining, and major commuter routes. Its two-unit configuration supports either occupancy of one residence while renting the other or continued use as a two-unit rental property.
The property is located in Tampa with access to Interstate 4, shopping, dining, and major commuter routes. Its two-unit configuration supports either occupancy of one residence while renting the other or continued use as a two-unit rental property.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units within a 1,750‑square‑foot duplex
- One unit renovated with shaker cabinets, stainless steel appliances, LVP flooring, tile, and fresh paint
- Fully fenced backyards serve both units
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
$20,427
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
6.29%
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%
$408,540
$408.5K
Cap Rate 7%
$291,814
$291.8K
Cap Rate 9%
$226,967
$227.0K
Market Conditions
NOI Build-Up for 1,750 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
$31.3K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.2K $16.67/SF
− OpEx
−$8.8K −$5.00/SF
NOI
$20.4K $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%
$408,540
Cap Rate 7%
$291,814
Cap Rate 9%
$226,967
Alternative Uses
Best Use
Multifamily LT 5
$291.8K
$255.3K – $340.5K
NOI $20,427 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,992 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$407.7K
$356.7K – $475.7K
NOI $28,539 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
481
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 - Two residential units include one updated residence and outdoor areas enclosed for privacy.
Where is this duplex located?
The property is located at 5320 E 14th Ave Tampa, FL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units within a 1,750‑square‑foot duplex; One unit renovated with shaker cabinets, stainless steel appliances, LVP flooring, tile, and fresh paint; Fully fenced backyards serve both units
