Upgraded Duplex With Updated
For Sale
Under Contract
$310,000
8306 N 17TH Street, Tampa, FL 33604
MULTI_FAMILY - TAMPA, FL
Property Size1,404 SF
Lot Size0.12 Acres
Price / SF$220.80
Days on Market28
Property Features for 8306 N 17TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Family Room, Bedroom 4, Laundry Room, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Interior features
Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Thermostat
Exterior features
Private Entrance, Private Mailbox, Private Yard, Storage
Subdivision
HENDRY & KNIGHTS ADD TO
Directions
Head West on E Fowler Ave toward N 22nd St. Turn South (Left) onto N 22nd St and continue straight for about 2 miles. Turn West (Right) onto E Waters Ave and drive for about 0.4 miles. Turn South (Left) onto N 17th St and head straight down; the destination will be on your Right past Yukon St.
Standard status
Active Under Contract
APN
A-30-28-19-46S-000000-00138.0
Size
1,404 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HENDRY AND KNIGHTS ADDITION TO SULPHUR SPRINGS LOT 138 & E 1/2 CLOSED ALLEY ABUTTING THEREON
Tax Annual Amount
4402
Legal Description
HENDRY AND KNIGHTS ADDITION TO SULPHUR SPRINGS LOT 138 & E 1/2 CLOSED ALLEY ABUTTING THEREON
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Ian Brauchli · License #3361720
(813) 614-6959
Added: Jul 20
Changed: Aug 13
Last Checked: Aug 16 at 5:06PM
MLS# TB8532669
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 1,404 square feet across two residential units, with each unit offering two bedrooms and one bathroom. The interiors include open floorplans, eat-in kitchens, kitchen and family room combinations, thermostats, and private entrances. The property also provides storage, private mailboxes, a private yard, central air, heat pump heating, and a shingle roof.
Major property updates include a 2020 roof and plumbing work completed in 2019. Unit A has a new AC system and an in-unit washer and dryer, while Unit B includes a new refrigerator. Separate electric meters allow each unit to be individually metered. Public water and public sewer serve the property, which is zoned RS-50.
Built in 1981, the duplex occupies a 0.12-acre site in Tampa’s 33604 ZIP code. Cable is available, and the structure is constructed of block.
Major property updates include a 2020 roof and plumbing work completed in 2019. Unit A has a new AC system and an in-unit washer and dryer, while Unit B includes a new refrigerator. Separate electric meters allow each unit to be individually metered. Public water and public sewer serve the property, which is zoned RS-50.
Built in 1981, the duplex occupies a 0.12-acre site in Tampa’s 33604 ZIP code. Cable is available, and the structure is constructed of block.
Key Highlights
- Two‑unit duplex with 1,404 square feet of total property size
- Each unit includes 2 bedrooms and 1 bathroom
- 2020 roof and plumbing updated in 2019
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
$16,388
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
5.29%
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%
$327,760
$327.8K
Cap Rate 7%
$234,114
$234.1K
Cap Rate 9%
$182,089
$182.1K
Market Conditions
NOI Build-Up for 1,404 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
$25.1K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.4K $16.67/SF
− OpEx
−$7.0K −$5.00/SF
NOI
$16.4K $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%
$327,760
Cap Rate 7%
$234,114
Cap Rate 9%
$182,089
Alternative Uses
Best Use
Multifamily LT 5
$234.1K
$204.9K – $273.1K
NOI $16,388 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$217.7K
$190.5K – $254.0K
NOI $15,237 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 7.39%
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
328
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature open layouts, private entrances, and separate electric meters.
Where is this duplex located?
The property is located at 8306 N 17TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,404 square feet of total property size; Each unit includes 2 bedrooms and 1 bathroom; 2020 roof and plumbing updated in 2019
