Updated Duplex with Detached
For Sale
$359,000
8210 N KLONDYKE STREET, Tampa, FL 33604
Two separately occupied living spaces include updated kitchens, baths, and durable flooring.
Property Size1,691 SF
Price / SF$212.30
Days on Market17
Property Features for 8210 N KLONDYKE STREET
General Information
Standard status
Active
Size
1,691 SF
Property subtype
Duplex
Amenities
0.11 acres, Dimensions: 50x100, City Limits
Shingle
Public Sewer
Additional parcels description:, Parcel Number: A-30-28-19-45M-000036-00014.0, Public Survey Range: 19, Public Survey Section: 30, Annual Amount: $4,691, Tax Block: 36, Tax Book Number: 6-5, Legal Description: SULPHUR SPRINGS ADDITION LOT 14 AND E 5 FT CLOSED ALLEY ABUTTING ON W BLOCK 36, Lot: 14, Year: 2025, Zoning: RS-50
Vinyl
Gross Income: $33,600
Central Air
Central
Inside
Listing ID: MFRTB8534825, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-07-31, 5 days on market, Special Conditions: None
3 carport spaces, On Street
5 total bedrooms
Built in 1922, Living area: 1691, Living area units: Square Feet, Levels: One, Construction Materials: Stucco, Frame
Subdivision: SULPHUR SPGS ADD, MLS Area (Major): 33604 - Tampa / Sulphur Springs, County/Parish: Hillsborough
Other structures: Guest House
3 total bathrooms
Street Lights
BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected, Water Source: Public
Crawlspace
Allowed: Yes
Road Responsibility: Public Maintained Road, Road Surface: Paved
Patio/Porch Features: Enclosed, Porch, Lighting, Private Mailbox
Ceiling Fans(s), Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat
Security Lights, Smoke Detector(s)
Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
Building Details
Year Built
1922
Listing Agency:
GREAT WESTERN REALTY
(813) 833-8394
Listed By:
Grant Patterson · License #3354109
Source:
Miharaandassociates
Added: Jul 31
Changed: Aug 16
Last Checked: Aug 16 at 6:34AM
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 GREAT WESTERN REALTY
Investment Insights
Based on property information with market context.
This duplex property includes a 4-bedroom, 2-bathroom primary residence and a detached 1-bedroom, 1-bathroom suite, providing two distinct living spaces. The 1,691-square-foot property was built in 1922 and has updated kitchens and bathrooms, luxury vinyl plank flooring, modern lighting, ceiling fans, and maintained major systems. A covered carport and additional driveway areas provide off-street parking. Both residences are fully leased, and the detached layout creates physical separation between occupants.
The property is located in Tampa near the University of South Florida, Busch Gardens, Adventure Island, Downtown Tampa, major employers, shopping, dining, and Tampa International Airport. The separate rear suite also offers flexibility for guest accommodations, office use, or multigenerational living, as supported by the existing configuration.
The property is located in Tampa near the University of South Florida, Busch Gardens, Adventure Island, Downtown Tampa, major employers, shopping, dining, and Tampa International Airport. The separate rear suite also offers flexibility for guest accommodations, office use, or multigenerational living, as supported by the existing configuration.
Key Highlights
- 4‑bedroom, 2‑bathroom main residence plus detached 1‑bedroom, 1‑bathroom suite
- 1,691‑square‑foot duplex property built in 1922
- Both living spaces are fully leased
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
$19,738
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
5.50%
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%
$394,760
$394.8K
Cap Rate 7%
$281,971
$282.0K
Cap Rate 9%
$219,311
$219.3K
Market Conditions
NOI Build-Up for 1,691 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
$30.2K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$28.2K $16.67/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$19.7K $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%
$394,760
Cap Rate 7%
$281,971
Cap Rate 9%
$219,311
Alternative Uses
Best Use
Multifamily LT 5
$282.0K
$246.7K – $329.0K
NOI $19,738 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$262.2K
$229.4K – $305.9K
NOI $18,352 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$394.0K
$344.7K – $459.6K
NOI $27,577 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
766
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 - Two separately occupied living spaces include updated kitchens, baths, and durable flooring.
Where is this duplex located?
The property is located at 8210 N KLONDYKE STREET Tampa, FL.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 4‑bedroom, 2‑bathroom main residence plus detached 1‑bedroom, 1‑bathroom suite; 1,691‑square‑foot duplex property built in 1922; Both living spaces are fully leased
