Renovated
For Sale
$599,000
7711 Amherst St, Tampa, FL 33625
Two three-bedroom residences offer updated interiors, private outdoor space, and flexible income-producing use.
Property Size1,512 SF
Price / SF$396.16
Days on Market47
Property Features for 7711 Amherst St
General Information
Standard status
Active
Size
1,512 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1986
Listing Agency:
EXP REALTY LLC
(727) 479-4548
Listed By:
Tanner Tillung · License #3373651
Source:
Fulcrum-residential
Added: Jul 16
Changed: Aug 29
Last Checked: Aug 30 at 7:58PM
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This duplex contains two residences, each with three bedrooms and one bathroom, within a 1,512 SF property built in 1986. Both units have remodeled kitchens with updated appliances, renovated bathrooms, refreshed flooring, and contemporary fixtures. The property also includes dual HVAC systems, upgraded electrical and plumbing, a new roof, whole-house water filtration, and enhanced landscaping.
A fully fenced backyard provides enclosed outdoor space for the property. The address is 7711 Amherst St in Tampa, FL 33625, with shopping, dining, entertainment, parks, and major commuter routes identified in the surrounding area. The two-unit configuration supports rental ownership or occupancy of one residence alongside the other.
A fully fenced backyard provides enclosed outdoor space for the property. The address is 7711 Amherst St in Tampa, FL 33625, with shopping, dining, entertainment, parks, and major commuter routes identified in the surrounding area. The two-unit configuration supports rental ownership or occupancy of one residence alongside the other.
Key Highlights
- Duplex with two residences, each offering 3 bedrooms and 1 bathroom
- 1,512 SF property built in 1986
- New roof plus updated electrical and plumbing systems
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
$17,649
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
2.95%
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%
$352,980
$353.0K
Cap Rate 7%
$252,129
$252.1K
Cap Rate 9%
$196,100
$196.1K
Market Conditions
NOI Build-Up for 1,512 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
$27.0K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$25.2K $16.67/SF
− OpEx
−$7.6K −$5.00/SF
NOI
$17.6K $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%
$352,980
Cap Rate 7%
$252,129
Cap Rate 9%
$196,100
Alternative Uses
Best Use
Multifamily LT 5
$252.1K
$220.6K – $294.2K
NOI $17,649 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$234.4K
$205.1K – $273.5K
NOI $16,409 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$352.3K
$308.2K – $411.0K
NOI $24,658 @ 7.0% cap · market cap 4.12%
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
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 33625, FL
28,704
Population
12,025
Households
2.4
Avg Household Size
40
Median Age
38%
College-Educated
93%
High-School Grad
9.0 sq mi
ZIP Area
3,189
Density / Sq Mi
$83,907
Median Household Income
$46,483
Median Earnings
$1,797
Median Rent
$341,600
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 three-bedroom residences offer updated interiors, private outdoor space, and flexible income-producing use.
Where is this duplex located?
The property is located at 7711 Amherst St Tampa, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex with two residences, each offering 3 bedrooms and 1 bathroom; 1,512 SF property built in 1986; New roof plus updated electrical and plumbing systems
