Renovated
New
For Sale
$519,000
6309 S MACDILL Avenue, Tampa, FL 33611
Residential Income, TAMPA, FL
Property Size1,640 SF
Lot Size0.17 Acres
Price / SF$316.46
Days on Market2
Property Features for 6309 S MACDILL Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Window features
Blinds
Interior features
Accessibility Features, Ceiling Fans(s), Open Floorplan, Thermostat
Exterior features
Lighting
Accessibility
Accessible Approach with Ramp
Appliances
Convection Oven, Electric Water Heater, Exhaust Fan, Range, Range Hood
Subdivision
MARTINDALES SUB
Elementary school
Ballast Point-HB
Middle school
Madison-HB
High school
Robinson-HB
Directions
From Gandy Blvd: Head south on S MacDill Ave. Continue approximately 0.7-0.8 miles through the Ballast Point area. The property will be on your left (east side of the street), just past the surrounding residential blocks. Alternative, from Dale Mabry Hwy (US-92): Head east on Gandy Blvd, then turn right (south) onto S MacDill Ave. Follow MacDill Ave south for about 0.7-0.8 miles to the property.
Standard status
Active
APN
A-15-30-18-40G-000001-00038.0
Size
1,640 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
MARTINDALE'S SUBDIVISION LOT 38 BLOCK 1 AND 1/2 CLOSED ALLEY ABUTTING THEREON
Tax Annual Amount
6426
Legal Description
MARTINDALE'S SUBDIVISION LOT 38 BLOCK 1 AND 1/2 CLOSED ALLEY ABUTTING THEREON
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
1
Flooring type
Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Jackson Domning
(850) 512-5060
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 2 at 5:06AM
MLS# TB8554031
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This brick duplex contains two 2-bedroom, 1-bathroom residences, each measuring 820 square feet, for 1,640 square feet total. The units have separate entrances, updated kitchens, and tile flooring throughout. A new roof and two new HVAC systems are in place. The property was built in 1981 and sits on a 7,523-square-foot lot, or 0.17 acres, with RM-16 zoning.
The address is on S MacDill Avenue in Tampa’s 33611 ZIP code. MacDill AFB, Bayshore Blvd, and South Tampa dining and shopping are described as minutes away.
The address is on S MacDill Avenue in Tampa’s 33611 ZIP code. MacDill AFB, Bayshore Blvd, and South Tampa dining and shopping are described as minutes away.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 820 square feet per unit; 1,640 square feet total
- Separate entrances for 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
$19,143
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
3.69%
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%
$382,860
$382.9K
Cap Rate 7%
$273,471
$273.5K
Cap Rate 9%
$212,700
$212.7K
Market Conditions
NOI Build-Up for 1,640 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
$29.3K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.3K $16.67/SF
− OpEx
−$8.2K −$5.00/SF
NOI
$19.1K $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%
$382,860
Cap Rate 7%
$273,471
Cap Rate 9%
$212,700
Alternative Uses
Best Use
Multifamily LT 5
$273.5K
$239.3K – $319.1K
NOI $19,143 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$254.3K
$222.5K – $296.6K
NOI $17,798 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$382.1K
$334.3K – $445.8K
NOI $26,745 @ 7.0% cap · market cap 5.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 33611, FL
34,101
Population
18,682
Households
1.8
Avg Household Size
40
Median Age
55%
College-Educated
95%
High-School Grad
6.3 sq mi
ZIP Area
5,413
Density / Sq Mi
$82,804
Median Household Income
$63,797
Median Earnings
$1,681
Median Rent
$449,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two independent residences offer separate entrances, updated kitchens, and a new roof and HVAC systems.
Where is this duplex located?
The property is located at 6309 S MACDILL Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 820 square feet per unit; 1,640 square feet total; Separate entrances for both units
