Turnkey Duplex with Two 3-Bedroom
For Sale
$480,000
7902 N 14TH Street, Tampa, FL 33604
Residential Income, TAMPA, FL
Property Size1,736 SF
Lot Size0.11 Acres
Price / SF$276.50
Days on Market372
Property Features for 7902 N 14TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 1
Parking features
Driveway, Open
Interior features
Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Primary Bedroom Main Floor
Exterior features
Awning(s), Private Mailbox, Sidewalk
Appliances
Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
Subdivision
SULPHUR SPGS ADD
Lot features
Corner Lot, Sidewalk
Elementary school
Sulphur Springs-HB
Middle school
Sligh-HB
High school
Chamberlain-HB
Directions
From Publix Super Market on N Nebraska Ave (6001 N Nebraska Ave, Tampa, FL 33604), continue to N Nebraska Ave, turn right onto N Nebraska Ave, take E River Cove St to E Nome St
Standard status
Active
APN
A-30-28-19-45M-000069-00010.0
Size
1,736 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
SULPHUR SPRINGS ADDITION LOT 10 AND E 5 FT CLOSED ALLEY ABUTTING ON W BLOCK 69
Tax Annual Amount
4095
Legal Description
SULPHUR SPRINGS ADDITION LOT 10 AND E 5 FT CLOSED ALLEY ABUTTING ON W BLOCK 69
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Stucco
Roof type
Shingle
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Correy Smith · License #261552498
(850) 496-7111
Added: Sep 19, 2025
Changed: Sep 25
Last Checked: Sep 25 at 1:06PM
MLS# TB8427328
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 duplex contains 1,736 square feet across two 3-bedroom, 1-bathroom units, both currently leased. Built in 1987, the property offers open floor plans, eat-in kitchens, tile flooring, ceiling fans, and primary bedrooms on the main floor. Each unit includes a range, range hood, refrigerator, microwave, and electric water heater. Central air, electric heating, stucco construction, and a shingle roof support the existing residential configuration.
The 0.11-acre property is positioned on a corner lot and includes open parking and a driveway. Additional site features include sidewalks, awnings, and private mailboxes. Public water and public sewer serve the property, which is zoned RS-50.
The 0.11-acre property is positioned on a corner lot and includes open parking and a driveway. Additional site features include sidewalks, awnings, and private mailboxes. Public water and public sewer serve the property, which is zoned RS-50.
Key Highlights
- Two 3‑bedroom, 1‑bathroom units, both currently leased
- 1,736 square feet on a 0.11‑acre corner lot
- $38,160 in gross annual income
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
$20,263
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
4.22%
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%
$405,260
$405.3K
Cap Rate 7%
$289,471
$289.5K
Cap Rate 9%
$225,144
$225.1K
Market Conditions
NOI Build-Up for 1,736 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
$31.0K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.9K $16.67/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$20.3K $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%
$405,260
Cap Rate 7%
$289,471
Cap Rate 9%
$225,144
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$404.4K
$353.9K – $471.9K
NOI $28,311 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Explore this area
Business Placement
Demographics for 33604, FL
39,071
Population
17,053
Households
2.3
Avg Household Size
38
Median Age
26%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,209
Density / Sq Mi
$55,988
Median Household Income
$39,537
Median Earnings
$1,326
Median Rent
$264,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased residential income property with open layouts, tile flooring, central air, and public utilities.
Where is this duplex located?
The property is located at 7902 N 14TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units, both currently leased; 1,736 square feet on a 0.11‑acre corner lot; $38,160 in gross annual income
