Building Details

Year Built 1922

Listing Agency: 27NORTH REALTY

Listed By: Naomi Cribbs · License #3495116 Show Phone

Source: Fulcrum-residential

Added: Jul 21 Changed: Oct 2 Last Checked: Oct 4 at 10:53AM

Report an Issue

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 27NORTH REALTY

Investment Insights

Based on property information with market context.

Built in 1922, this 1,457-square-foot duplex includes two separate residences: a front unit with three bedrooms and one bathroom, plus a rear unit with one bedroom and one bathroom. Recent improvements include luxury vinyl plank flooring, replacement kitchen cabinetry, solid surface countertops, and a new HVAC system.

Separate electric meters serve each unit, supporting independent utility billing for the two households. The front residence also has a private laundry room. Located at 8114 N 11th St in Tampa, the property combines updated interior components with a two-unit configuration suitable for owner occupancy or rental use.

Key Highlights

• 1,457 SF duplex at 8114 N 11th St, Tampa, FL 33604
• Front unit includes 3 bedrooms and 1 bathroom
• Rear unit includes 1 bedroom and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,007

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$340,140 $340.1K

Cap Rate 7%

$242,957 $243.0K

Cap Rate 9%

$188,967 $189.0K

Market Conditions

NOI Build-Up for 1,457 SF

Gross rent

$26.1K $17.88/SF

− Vacancy

−$1.8K −$1.21/SF

EGI

$24.3K $16.67/SF

− OpEx

−$7.3K −$5.00/SF

NOI

$17.0K $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 Rate 5%

$340,140

Cap Rate 7%

$242,957

Cap Rate 9%

$188,967

Alternative Uses

Best Use

Multifamily LT 5

$243.0K

$212.6K – $283.5K (±1% cap)

NOI $17,007 @ 7.0% cap · market cap 5.67%

Second Best

Apartment 5plus

$225.9K

$197.7K – $263.5K (±1% cap)

NOI $15,812 @ 7.0% cap · market cap 5.27%

Theoretical Best

Office A

$339.4K

$297.0K – $396.0K (±1% cap)

NOI $23,761 @ 7.0% cap · market cap 7.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Skin Care Clinic (Bike/Boat/Book/etc) Store 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.

Location Intelligence

Trade Area within ½ mile

1,004

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Unit Duplex with Recent Updates

8304 N 13TH Street, Tampa, FL 33604

$310,000

1,484 SF

View details

Tenant-Occupied Duplex

9318 N 11th St, Tampa, FL 33612

$320,000

1,482 SF

View details

Block-Construction Duplex

3413 N 53RD Street, Tampa, FL 33619

$310,000

1,400 SF

View details

Duplex With Updated Kitchen

3440 LAUREL DALE Drive, Tampa, FL 33618

$335,000

1,510 SF

View details

Stabilized Multifamily Property Near Ybor

2608 E CAYUGA ST, Tampa, FL 33610

$319,000

View details

Detached Duplex with Carriage House

405 E CAYUGA Street, Tampa, FL 33603

$320,000

1,338 SF

View details

Duplex with Refreshed Interiors

6710 S JUANITA Street, Tampa, FL 33616

$410,000

1,500 SF

View details

Side-by-Side Duplex

3417 N 29TH STREET, Tampa, FL 33605

$329,990

1,674 SF

View details

Renovated Duplex with Gated Yard

1205 E 99TH AVENUE, Tampa, FL 33612

$349,000

1,632 SF

View details

Updated Duplex with Private Yards

2307 E OSBORNE Avenue, Tampa, FL 33610

$390,000

1,309 SF

View details

Duplex with Updated Roof

8604 N BRANCH Avenue, Tampa, FL 33604

$390,000

1,296 SF

View details

Canal-Front Duplex

3205 LAUREL DALE Drive, Tampa, FL 33618

$250,000

1,240 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two residences offer distinct layouts, updated finishes, and dedicated laundry in the front unit.

Where is this duplex located?

The property is located at 8114 N 11th St Tampa, FL.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 1,457 SF duplex at 8114 N 11th St, Tampa, FL 33604; Front unit includes 3 bedrooms and 1 bathroom; Rear unit includes 1 bedroom and 1 bathroom