Duplex with
For Sale
$390,000
8604 N BRANCH Avenue, Tampa, FL 33604
MULTI_FAMILY - TAMPA, FL
Property Size1,296 SF
Lot Size0.11 Acres
Price / SF$300.93
Days on Market102
Property Features for 8604 N BRANCH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RM-16
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2
Pets allowed
Yes
Interior features
Ninguno
Exterior features
Garden
Appliances
Convection Oven, Refrigerator
Subdivision
IRVINTON HEIGHTS
Directions
From Downtown Tampa, head north on I-275. Take Exit 48 for Sligh Ave and head east. Turn left onto N Nebraska Ave, then right onto E Sitka St. Continue and turn left onto N Branch Ave. The property will be on your right at 8604 N Branch Ave.
Standard status
Active
APN
A-24-28-18-3EF-000005-00005.0
Size
1,296 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
IRVINTON HEIGHTS LOT 5 AND E 1/2 OF VAC ALLEY ABUTTING ON W BLOCK 5
Tax Annual Amount
851
Legal Description
IRVINTON HEIGHTS LOT 5 AND E 1/2 OF VAC ALLEY ABUTTING ON W BLOCK 5
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1987
Floors in Building
2
Flooring type
Vinyl
Building materials
Stucco
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Bryant Solano · License #3536929
(813) 451-0242
Added: Apr 30
Changed: Aug 1
Last Checked: Aug 9 at 4:06PM
MLS# TB8502047
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 income-producing duplex features two units, and each unit offers 2 bedrooms and 1 bathroom with approximately 648 SF per unit. The property totals 1,296 SF and sits on a 0.11-acre lot. Construction is stucco, and flooring is vinyl. Heating is central, and cooling includes a mix of central air and wall/window unit(s), including wall/window A/C options in the units.
Improvements include a shingle roof replaced in 2018. One unit has a newly installed A/C unit (2026), while the second unit is equipped with a wall A/C unit. Interior features include convection oven and refrigerator appliances, and the exterior includes a garden. The home was built in 1987 and is served by public water and public sewer.
Zoned RM-16, this duplex provides a straightforward, functional layout for an investor looking to manage a small multifamily asset.
Improvements include a shingle roof replaced in 2018. One unit has a newly installed A/C unit (2026), while the second unit is equipped with a wall A/C unit. Interior features include convection oven and refrigerator appliances, and the exterior includes a garden. The home was built in 1987 and is served by public water and public sewer.
Zoned RM-16, this duplex provides a straightforward, functional layout for an investor looking to manage a small multifamily asset.
Key Highlights
- Zoned RM‑16 for multifamily use
- Two units with 2 bedrooms and 1 bathroom each, approximately 648 SF per unit
- Roof replaced in 2018
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
$15,127
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
3.88%
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%
$302,540
$302.5K
Cap Rate 7%
$216,100
$216.1K
Cap Rate 9%
$168,078
$168.1K
Market Conditions
NOI Build-Up for 1,296 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
$23.2K $17.88/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$21.6K $16.67/SF
− OpEx
−$6.5K −$5.00/SF
NOI
$15.1K $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%
$302,540
Cap Rate 7%
$216,100
Cap Rate 9%
$168,078
Alternative Uses
Best Use
Multifamily LT 5
$216.1K
$189.1K – $252.1K
NOI $15,127 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$200.9K
$175.8K – $234.4K
NOI $14,065 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$301.9K
$264.2K – $352.3K
NOI $21,135 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
896
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 - Duplex zoned RM-16 with a roof replaced in 2018 and HVAC upgrades including a newly installed unit in 2026.
Where is this duplex located?
The property is located at 8604 N BRANCH Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Zoned RM‑16 for multifamily use; Two units with 2 bedrooms and 1 bathroom each, approximately 648 SF per unit; Roof replaced in 2018
