Modernized Duplex Income
8703 NAVAJO AVENUE Tampa, FL 33637
8703 NAVAJO AVENUE, Tampa, FL, 33637
$450,000
Pending
For Sale
$450,000
Pending
Duplex - TAMPA, FL
Property Size1,300 SF
Lot Size0.22 Acres
Days on Market68
Property Features for 8703 NAVAJO AVENUE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- RSC-6
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Interior features
- Kitchen/Family Room Combo, Stone Counters
- Exterior features
- Lighting
- Standard status
- Pending
- APN
- U-13-28-19-1IL-000000-00020.0
- Size
- 1,300 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4439.68
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1969
- Number of units
- 1
- Building materials
- Block, Stucco
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
KELLER WILLIAMS RLTY NEW TAMPA
(813) 994-4422
18302 Highwoods Preserve Pkwy, Tampa, FL
Listed by
Cristina Montoya · License #3373649
(973) 652-2908
Added: May 11 Checked: Jul 17 at 7:06 pm
MLS# TB8507396
Listing URL
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 modernized duplex contains two spacious units, each currently rented at $1,750 per month with tenants in place. The property has undergone key upgrades intended to reduce near-term maintenance needs, including a new roof installed in 2017, interior renovations completed in 2022, and updated plumbing in 2024. Each unit features comfortable, updated finishes designed to support strong rental appeal.
Located in Tampa, the home is listed under Hillsborough County zoning RSC-6 and sits on a 0.22-acre lot. The listing notes no HOA, and the property is positioned for everyday convenience near major highways, shopping, dining, and employment centers.
The duplex format makes it a practical fit for investors seeking an income-producing property with in-place tenants, as well as for owner-occupants looking to offset housing costs with rental income. With major capital improvements already completed, this is a straightforward option for buyers who want a turnkey, income-oriented residence without an association management component.
Located in Tampa, the home is listed under Hillsborough County zoning RSC-6 and sits on a 0.22-acre lot. The listing notes no HOA, and the property is positioned for everyday convenience near major highways, shopping, dining, and employment centers.
The duplex format makes it a practical fit for investors seeking an income-producing property with in-place tenants, as well as for owner-occupants looking to offset housing costs with rental income. With major capital improvements already completed, this is a straightforward option for buyers who want a turnkey, income-oriented residence without an association management component.
Key Highlights
- Duplex built in 1969 with 4 bedrooms total and a kitchen/family room combo with stone counters
- Generates $1,750/month per unit; tenants are in place
- Recent updates: new roof in 2017, interior renovations in 2022, and updated plumbing in 2024
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $17.88 |
| − Vacancy | −$1.6k | −$1.21 |
| EGI | $21.7k | $16.67 |
| − OpEx | −$6.5k | −$5.00 |
| NOI | $15.2k | $11.67 |
1,300 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$216.8K
$189.7K – $252.9K
NOI $15,174 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$201.5K
$176.4K – $235.1K
NOI $14,108 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$302.9K
$265.0K – $353.3K
NOI $21,200 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two updated rental units in Tampa, with recent roof, interior, and plumbing improvements and tenants already in place.
Where is this duplex located?
The property is located at 8703 NAVAJO AVENUE Tampa, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex built in 1969 with 4 bedrooms total and a kitchen/family room combo with stone counters; Generates $1,750/month per unit; tenants are in place; Recent updates: new roof in 2017, interior renovations in 2022, and updated plumbing in 2024
