Fully Renovated
For Sale
$555,000
7711 AMHERST Street, Tampa, FL 33625
MULTI_FAMILY - TAMPA, FL
Property Size1,512 SF
Lot Size0.25 Acres
Price / SF$367.06
Days on Market66
Property Features for 7711 AMHERST Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
CPV-I-1
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 4
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat
Exterior features
Sliding Doors
Appliances
Electric Water Heater, Range, Refrigerator, Water Filtration System
Subdivision
TOWN OF CITRUS PARK
Lot features
City Limits, Near Golf Course, Near Marina, Near Public Transit, Paved
Elementary school
Citrus Park-HB
Middle school
Sergeant Smith Middle-HB
High school
Sickles-HB
Directions
From Veterans Expy, head West on Ehrlich Rd. Right onto Berkford Ave. Right on Amherst St. Property is first lot on the left.
Standard status
Active
APN
U-02-28-17-03V-000023-00007.0
Size
1,512 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TOWN OF CITRUS PARK LOTS 7 AND 8 BLOCK 23
Tax Annual Amount
6879
Legal Description
TOWN OF CITRUS PARK LOTS 7 AND 8 BLOCK 23
Utilities
Utilities
Cable Available
Sewer type
Septic Tank
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Well
Amenities
fenced backyard
Building Details
Year built
1986
Floors in Building
1
Number of units
2
Building materials
Block, Concrete
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Tanner Tillung · License #3373651
(727) 479-4548
Added: Jun 3
Changed: Aug 6
Last Checked: Aug 7 at 1:06AM
MLS# TB8512830
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.
7711 Amherst Street presents a fully renovated duplex with Units A and B. Each unit features three bedrooms and one bathroom, with functional layouts that include an open floorplan and eat-in kitchen, plus ceiling fans and solid-surface counters. The property includes updated appliances and electric water heater, central electric heating, and central air cooling.
Work completed throughout the duplex is reflected in major capital improvements, including a new shingle roof, updated electrical and plumbing systems, whole-house water filtration, dual HVAC systems, remodeled kitchens with updated appliances, renovated bathrooms, updated flooring, modern fixtures, and enhanced landscaping. A fully fenced backyard adds outdoor privacy. Construction is block with concrete.
Zoning is CPV-I-1. The duplex is supported by well water and a septic tank sewer system, with cable available.
Work completed throughout the duplex is reflected in major capital improvements, including a new shingle roof, updated electrical and plumbing systems, whole-house water filtration, dual HVAC systems, remodeled kitchens with updated appliances, renovated bathrooms, updated flooring, modern fixtures, and enhanced landscaping. A fully fenced backyard adds outdoor privacy. Construction is block with concrete.
Zoning is CPV-I-1. The duplex is supported by well water and a septic tank sewer system, with cable available.
Key Highlights
- Units A and B duplex with three bedrooms and one bathroom per unit
- 0.25‑acre lot and 1,512 SF property size
- New shingle roof; 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
3.18%
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 3.18%
Second Best
Apartment 5plus
$234.4K
$205.1K – $273.5K
NOI $16,409 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$352.3K
$308.2K – $411.0K
NOI $24,658 @ 7.0% cap · market cap 4.44%
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 - Fully renovated duplex zoned CPV-I-1 with well water and septic service, each unit featuring three bedrooms and one updated bathroom.
Where is this duplex located?
The property is located at 7711 AMHERST Street Tampa, FL.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Units A and B duplex with three bedrooms and one bathroom per unit; 0.25‑acre lot and 1,512 SF property size; New shingle roof; updated electrical and plumbing systems
