Renovated Duplex With Separate
For Sale
Under Contract
$300,000
8114 N 11TH Street, Tampa, FL 33604
Residential Income, TAMPA, FL
Property Size1,457 SF
Lot Size0.11 Acres
Price / SF$205.90
Days on Market60
Property Features for 8114 N 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 2, Laundry Room
Window features
Blinds
Interior features
Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Thermostat
Exterior features
Fence
Fencing
Fenced
Fireplace
1
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
SULPHUR SPGS ADD
Directions
From Nebraska Ave and Waters Ave drive south on Nebraska Ave to E. Bird St. Turn East (Left). South (Right) onto 11th Street. House on right.
Standard status
Active Under Contract
APN
A-30-28-19-45M-000044-00012.0
Size
1,457 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SULPHUR SPRINGS ADDITION LOT 12 BLOCK 44
Tax Annual Amount
3729
Legal Description
SULPHUR SPRINGS ADDITION LOT 12 BLOCK 44
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit laundry
Building Details
Year built
1922
Floors in Building
1
Flooring type
Vinyl
Building materials
Frame, Wood Siding
Roof type
Shingle
Listing Agency:
27NORTH REALTY
(813) 645-4663
Listed By:
Naomi Cribbs
(813) 330-0518
Added: Jul 8
Changed: Sep 1
Last Checked: Sep 5 at 5:06PM
MLS# TB8522781
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 two distinct residences totaling 1,457 square feet. The front unit offers three bedrooms and one bathroom, while the rear unit provides one bedroom and one bathroom. Recent improvements include luxury vinyl plank flooring, updated kitchen cabinetry, solid surface countertops, and a new HVAC system. The front residence also has a dedicated laundry room, and both units are separately metered for electricity.
The property sits on a 0.11-acre fenced lot with frame construction, wood siding, a shingle roof, central heating and central air. Public water and public sewer serve the property. Interior features include open floor plans, ceiling fans, solid surface counters, and main-level primary bedrooms. Appliances include ranges, refrigerators, microwaves, washers, and dryers.
The property sits on a 0.11-acre fenced lot with frame construction, wood siding, a shingle roof, central heating and central air. Public water and public sewer serve the property. Interior features include open floor plans, ceiling fans, solid surface counters, and main-level primary bedrooms. Appliances include ranges, refrigerators, microwaves, washers, and dryers.
Key Highlights
- 1,457‑square‑foot duplex with a 3‑bedroom front unit and 1‑bedroom rear unit
- Separate electric meters serve the two residences
- Recent updates include vinyl flooring, kitchen cabinets, solid surface counters, and HVAC
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
$17,007
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
5.67%
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%
$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
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
$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 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%
$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
NOI $17,007 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$225.9K
$197.7K – $263.5K
NOI $15,812 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$339.4K
$297.0K – $396.0K
NOI $23,761 @ 7.0% cap · market cap 7.92%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit property with separate electric metering and an in-unit laundry room.
Where is this duplex located?
The property is located at 8114 N 11TH Street 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‑square‑foot duplex with a 3‑bedroom front unit and 1‑bedroom rear unit; Separate electric meters serve the two residences; Recent updates include vinyl flooring, kitchen cabinets, solid surface counters, and HVAC
