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Duplex with Separate Studio
For Sale
$375,000

7603 WOODLAND OAKS Court, Tampa, FL 33615

Residential Income, TAMPA, FL

Property Size1,332 SF
Lot Size0.11 Acres
Price / SF$281.53
Days on Market10

Property Features for 7603 WOODLAND OAKS Court

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning PD
Bedrooms 2
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2, Dining Room
Window features Blinds
Patio and Porch features Porch
Interior features Ceiling Fans(s), Living Room/Dining Room Combo, Vaulted Ceiling(s)
Exterior features Sidewalk
Appliances Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision TIMBERLANE SUB UNIT 3A
Elementary school Davis-HB
Middle school Davidsen-HB
High school Alonso-HB
Directions W Hillsborough Ave to north on Elliot, Left onto Memorial Hwy, right onto Timberlane Dr. Left onto Fall Brook to right on Woodland Oaks.
Standard status Active
APN U-27-28-17-0AK-000006-00002.0
Size 1,332 SF
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TIMBERLANE SUBDIVISION UNIT NO 3A LOT 2 BLOCK 6
Tax Annual Amount 5631
Legal Description TIMBERLANE SUBDIVISION UNIT NO 3A LOT 2 BLOCK 6

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public

Amenities

screened lanai
fully fenced back yard
gated back yard

Building Details

Year built 1981
Floors in Building 1
Flooring type Laminate, Tile - Ceramic
Building materials Block, Concrete, Stucco
Roof type Shingle
Listing Agency: DALTON WADE INC
Listed By: Michelle Williams
Added: Oct 8 Changed: Oct 16 Last Checked: Oct 17 at 2:06AM
MLS# TB8556468

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.

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Investment Insights

Based on property information with market context.

This PD-zoned duplex in Tampa contains a 1,332-square-foot main residence and a studio apartment with a private entrance. The main home is configured with two bedrooms and two bathrooms, while the property can also function as a three-bedroom, three-bath residence. A vaulted ceiling spans the combined living and dining area. The house was built in 1981 and has a newer roof and fresh interior paint. A screened porch opens to a fenced rear yard, with a gated area that provides space for parking. Central heating and air conditioning serve the home.

The 0.11-acre property is in Tampa, near parks, schools, restaurants, and malls. Public water and sewer are connected, and cable service is available. There is no homeowners association.

Key Highlights

  • 1,332‑square‑foot main residence with separate studio apartment
  • Studio has a private entrance
  • Two‑bedroom, two‑bathroom main home; may be used as three bedrooms and three bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$15,548
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,960 $311.0K
Cap Rate 7%
$222,114 $222.1K
Cap Rate 9%
$172,756 $172.8K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$23.8K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$22.2K $16.67/SF
− OpEx
−$6.7K −$5.00/SF
NOI
$15.5K $11.67/SF
Area
ZIP 33615
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%
$310,960
Cap Rate 7%
$222,114
Cap Rate 9%
$172,756

Alternative Uses

Best Use
Multifamily LT 5
$222.1K
$194.4K – $259.1K (±1% cap)
NOI $15,548 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$206.5K
$180.7K – $240.9K (±1% cap)
NOI $14,456 @ 7.0% cap · market cap 3.85%
Theoretical Best
Office A
$415.4K
$363.5K – $484.7K (±1% cap)
NOI $29,079 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

184
Businesses Nearby

Demographics for 33615, FL

47,434
Population
20,543
Households
2.3
Avg Household Size
40
Median Age
30%
College-Educated
90%
High-School Grad
8.6 sq mi
ZIP Area
5,516
Density / Sq Mi
$66,257
Median Household Income
$38,858
Median Earnings
$1,586
Median Rent
$291,500
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - A second living space has its own entrance, supporting a flexible two-unit setup.
Where is this duplex located?
The property is located at 7603 WOODLAND OAKS Court Tampa, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 1,332‑square‑foot main residence with separate studio apartment; Studio has a private entrance; Two‑bedroom, two‑bathroom main home; may be used as three bedrooms and three bathrooms
More about this property
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