Furnished Duplex with Pond
New
For Sale
$925,000
6602 S SHERRILL Street, Tampa, FL 33616
Residential Income, TAMPA, FL
Property Size3,000 SF
Lot Size0.23 Acres
Price / SF$308.33
Days on Market5
Property Features for 6602 S SHERRILL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 2, Bathroom 2, Bathroom 3, Dining Room, Family Room, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 1
Parking features
Underground/Basement, Open, Driveway, Covered
Patio and Porch features
Porch, Deck
Interior features
Ceiling Fans(s), Coffered Ceiling(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
Exterior features
Balcony, Lighting, Private Mailbox, Rain Gutters, Storage
Appliances
Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Washer
Subdivision
WEST PORT
Lot features
Conservation Area, Greenbelt, In County, Landscaped, Paved
View
Water, Park
Elementary school
West Shore-HB
Middle school
Monroe-HB
High school
Robinson-HB
Directions
Take Selman Expressway /FL 618 to Gandy Blvd Exit and turn right onto S. West Shore Blvd., RIGHT on W. McCoy St., RIGHT on S. Sherrill St.
Standard status
Active
APN
A-17-30-18-42D-000017-00015.0
Size
3,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WESTPORT LOT 15 AND W 1/2 OF CLOSED ALLEY ABUTTING THEREON AND LOT 16 AND 10 FT CLOSED ALLEY LYING BETWEEN AND S 1/2 CLOSED ST ABUTTING LOT 16 ON N BLOCK 17
Tax Annual Amount
14478
Legal Description
WESTPORT LOT 15 AND W 1/2 OF CLOSED ALLEY ABUTTING THEREON AND LOT 16 AND 10 FT CLOSED ALLEY LYING BETWEEN AND S 1/2 CLOSED ST ABUTTING LOT 16 ON N BLOCK 17
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
quartz countertops
center islands
stainless steel appliances
wood decks
Building Details
Year built
2020
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Martha Smith · License #3552576
(813) 760-5996
Added: Aug 25
Changed: Aug 26
Last Checked: Aug 29 at 11:06AM
MLS# TB8542289
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 2020-built duplex contains two fully furnished, independent units with no shared walls and 3,000 square feet of total space. Each residence includes two primary bedrooms with ensuite bathrooms, open living and dining areas, a kitchen with quartz countertops, a center island, and stainless steel appliances. Vinyl flooring, large windows, French doors, wood decks, and an exterior elevator lift add practical features throughout.
The 0.23-acre property provides front-facing conservation views and side-facing pond views, along with parking suited to cars, boats, or RVs. Public water and public sewer serve the property, which is zoned RM-16. Tappan Tract Park is nearby, while Davis Beach and Picnic Island Beach are approximately 15 minutes away. Downtown Tampa, St. Petersburg, and Tampa International Airport are also accessible from the property.
The 0.23-acre property provides front-facing conservation views and side-facing pond views, along with parking suited to cars, boats, or RVs. Public water and public sewer serve the property, which is zoned RM-16. Tappan Tract Park is nearby, while Davis Beach and Picnic Island Beach are approximately 15 minutes away. Downtown Tampa, St. Petersburg, and Tampa International Airport are also accessible from the property.
Key Highlights
- 3,000 square feet across two fully furnished, independent units
- Each unit includes two primary bedrooms with ensuite bathrooms
- Built in 2020 and zoned RM‑16
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
$35,017
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
3.79%
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%
$700,340
$700.3K
Cap Rate 7%
$500,243
$500.2K
Cap Rate 9%
$389,078
$389.1K
Market Conditions
NOI Build-Up for 3,000 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
$53.6K $17.88/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$50.0K $16.67/SF
− OpEx
−$15.0K −$5.00/SF
NOI
$35.0K $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%
$700,340
Cap Rate 7%
$500,243
Cap Rate 9%
$389,078
Alternative Uses
Best Use
Multifamily LT 5
$500.2K
$437.7K – $583.6K
NOI $35,017 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$465.1K
$407.0K – $542.6K
NOI $32,558 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$698.9K
$611.6K – $815.4K
NOI $48,924 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 33616, FL
14,802
Population
7,068
Households
2.1
Avg Household Size
36
Median Age
47%
College-Educated
96%
High-School Grad
3.9 sq mi
ZIP Area
3,795
Density / Sq Mi
$88,971
Median Household Income
$54,946
Median Earnings
$1,794
Median Rent
$369,900
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 separate furnished residences offer open living areas, ensuite bedrooms, and quartz-counter kitchens.
Where is this duplex located?
The property is located at 6602 S SHERRILL Street Tampa, FL.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 3,000 square feet across two fully furnished, independent units; Each unit includes two primary bedrooms with ensuite bathrooms; Built in 2020 and zoned RM‑16
