Two Duplexes with Four Leased
6404 S ADELIA Avenue Tampa, FL 33616
6404 S ADELIA Avenue, Tampa, FL, 33616
$825,000
For Sale
$825,000
MULTI_FAMILY - TAMPA, FL
Property Size3,294 SF
Lot Size0.13 Acres
Price / SF$250.46
Days on Market155
Property Features for 6404 S ADELIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- RM-16
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 3
- Parking features
- Open
- Interior features
- Solid Surface Counters, Solid Wood Cabinets, Thermostat
- Exterior features
- Courtyard, Sidewalk
- Appliances
- Cooktop, Dishwasher, Refrigerator
- Standard status
- Active
- APN
- A-16-30-18-41Y-000009-00002.0
- Size
- 3,294 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- SUNSET ADDITION LOT 2 BLOCK 9
- Tax Annual Amount
- 5116
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Vinyl
- Building materials
- Block, Stucco
- Roof type
- Shingle
Listing agency
SMITH & ASSOCIATES REAL ESTATE
(813) 839-3800
Listed by
Stephen Gay · License #3124253
(813) 380-4343
Added: Feb 16 Updated: Jul 20 at 9:02PM Checked: Jul 21 at 9:06AM
MLS# TB8476902
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.
Offered for sale: two duplexes totaling four income-producing units at 6404 S ADELIA Avenue, Tampa, FL 33616. Each unit is configured with two bedrooms and one bathroom, and all four units are currently leased by long-term tenants.
The property is listed under zoning RM-16 and includes two buildable lots. Current in-place annual revenue is stated at $57,000, with the remarks indicating potential annual income could exceed $72,000 with new leases at current market rates.
With four 2BR/1BA units under one ownership, the asset is structured to provide immediate rental income while also offering flexibility tied to the two buildable lots.
The property is listed under zoning RM-16 and includes two buildable lots. Current in-place annual revenue is stated at $57,000, with the remarks indicating potential annual income could exceed $72,000 with new leases at current market rates.
With four 2BR/1BA units under one ownership, the asset is structured to provide immediate rental income while also offering flexibility tied to the two buildable lots.
Key Highlights
- Four income‑producing units (two duplexes) in highly desirable South Tampa location.
- Immediate cash flow with $57,000 annual revenue from existing tenants.
- Significant potential to increase rental income to over $72,000 per year with market rate leases.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.9k | $17.88 |
| − Vacancy | −$4.0k | −$1.21 |
| EGI | $54.9k | $16.67 |
| − OpEx | −$16.5k | −$5.00 |
| NOI | $38.4k | $11.67 |
3,294 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$549.3K
$480.6K – $640.8K
NOI $38,449 @ 7.0% cap · market cap 4.66%
Second Best
Apartment 5plus
$510.7K
$446.9K – $595.8K
NOI $35,748 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$767.4K
$671.5K – $895.3K
NOI $53,719 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Two duplexes totaling four 2BR/1BA units, all currently leased, located on two buildable lots in RM-16.
Where is this quadplex located?
The property is located at 6404 S ADELIA Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Four income‑producing units (two duplexes) in highly desirable South Tampa location.; Immediate cash flow with $57,000 annual revenue from existing tenants.; Significant potential to increase rental income to over $72,000 per year with market rate leases.
