Two-Unit Duplex with Rear
For Sale
$449,000
5914 N OLA AVE, Tampa, FL 33604
Separate electric meters and alley access support distinct unit operations.
Property Size1,344 SF
Lot Size0.21 Acres
Days on Market146
Property Features for 5914 N OLA AVE
General Information
Standard status
Active
Size
1,344 SF
Lot size
0.21 Acres
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,847
Building Details
Building Size
1,344 SF
Year Built
1949
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Sarah Weaver · License #3268553
(816) 394-0256
Source:
Judibeck
Added: May 23
Changed: Oct 11
Last Checked: Oct 15 at 7:54AM
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 COMPASS FLORIDA LLC
Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two separately configured units on a 9,270-square-foot lot. The lower unit offers two bedrooms and one bathroom, along with a spacious kitchen and dining area, separate living room, and large front porch. Upstairs, the one-bedroom, one-bath unit includes living and dining areas plus a private balcony. The property is currently unoccupied and provides rear parking accessed from the alley.
Located in Seminole Heights, the property sits less than a quarter mile from Henry & Ola Park and near restaurants, shopping, ZooTampa, Raymond James Stadium, downtown Tampa, and I-275. Improvements include an updated electrical panel, a shingle roof, tree trimming around the structure, and separate electric meters for each unit. Termite tenting is scheduled for the first week of June 2026.
Located in Seminole Heights, the property sits less than a quarter mile from Henry & Ola Park and near restaurants, shopping, ZooTampa, Raymond James Stadium, downtown Tampa, and I-275. Improvements include an updated electrical panel, a shingle roof, tree trimming around the structure, and separate electric meters for each unit. Termite tenting is scheduled for the first week of June 2026.
Key Highlights
- Two‑unit duplex built in 1949 on a 9,270‑square‑foot lot
- Lower unit has 2 bedrooms, 1 bathroom, kitchen, dining area, living room, and front porch
- Upper unit includes 1 bedroom, 1 bathroom, living and dining areas, and a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,688
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,760
$313.8K
Cap Rate 7%
$224,114
$224.1K
Cap Rate 9%
$174,311
$174.3K
Market Conditions
NOI Build-Up for 1,344 SF
Gross rent
$24.0K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.4K $16.67/SF
− OpEx
−$6.7K −$5.00/SF
NOI
$15.7K $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%
$313,760
Cap Rate 7%
$224,114
Cap Rate 9%
$174,311
Alternative Uses
Best Use
Multifamily LT 5
$224.1K
$196.1K – $261.5K
NOI $15,688 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$208.4K
$182.3K – $243.1K
NOI $14,586 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$313.1K
$274.0K – $365.3K
NOI $21,918 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,257
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate electric meters and alley access support distinct unit operations.
Where is this duplex located?
The property is located at 5914 N OLA AVE Tampa, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1949 on a 9,270‑square‑foot lot; Lower unit has 2 bedrooms, 1 bathroom, kitchen, dining area, living room, and front porch; Upper unit includes 1 bedroom, 1 bathroom, living and dining areas, and a balcony
