Four-Unit Block
New
For Sale
$599,000
8726 & 8728 N 48th St, Tampa, FL 33617
Two duplex buildings provide four residential units with private outdoor space, laundry rooms, and assigned parking.
Property Size1,576 SF
Price / SF$380.08
Days on Market5
Property Features for 8726 & 8728 N 48th St
General Information
Standard status
Active
Size
1,576 SF
Property subtype
Multi-Family
Building Details
Year Built
1972
Listing Agency:
DALTON WADE INC
Listed By:
Vivian Resnick · License #3285942
(813) 410-2890
Source:
Fulcrum-residential
Added: Sep 1
Changed: Sep 4
Last Checked: Sep 4 at 9:51AM
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 DALTON WADE INC
Investment Insights
Based on property information with market context.
This multifamily offering includes two block-construction duplexes totaling four units across two separate parcels. Each residence is configured with 2 bedrooms and 1 bathroom, plus a dedicated laundry room, a fully fenced private yard, and two assigned parking spaces. The buildings were constructed in 1972, and each duplex has a separate water meter.
Most units are currently leased, while residents pay their own utilities, including water and trash. The property is not located in a flood zone. Separate tax parcel IDs for the duplexes provide distinct ownership records for the two buildings. Showings are available by appointment only, and tenants should not be disturbed.
Most units are currently leased, while residents pay their own utilities, including water and trash. The property is not located in a flood zone. Separate tax parcel IDs for the duplexes provide distinct ownership records for the two buildings. Showings are available by appointment only, and tenants should not be disturbed.
Key Highlights
- Two block‑construction duplexes totaling 4 units on 2 separate parcels
- Each unit offers 2 bedrooms, 1 bathroom, a dedicated laundry room, and a fully fenced private yard
- 2 assigned parking spaces per unit
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
$18,396
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
3.07%
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%
$367,920
$367.9K
Cap Rate 7%
$262,800
$262.8K
Cap Rate 9%
$204,400
$204.4K
Market Conditions
NOI Build-Up for 1,576 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
$28.2K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.3K $16.67/SF
− OpEx
−$7.9K −$5.00/SF
NOI
$18.4K $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%
$367,920
Cap Rate 7%
$262,800
Cap Rate 9%
$204,400
Alternative Uses
Best Use
Multifamily LT 5
$262.8K
$230.0K – $306.6K
NOI $18,396 @ 7.0% cap · market cap 3.07%
Second Best
Apartment 5plus
$244.3K
$213.8K – $285.1K
NOI $17,104 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$367.2K
$321.3K – $428.4K
NOI $25,701 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
Business Placement
Demographics for 33617, FL
48,267
Population
21,912
Households
2.2
Avg Household Size
33
Median Age
29%
College-Educated
89%
High-School Grad
8.8 sq mi
ZIP Area
5,485
Density / Sq Mi
$48,651
Median Household Income
$33,710
Median Earnings
$1,337
Median Rent
$267,200
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?
Quadplex - Two duplex buildings provide four residential units with private outdoor space, laundry rooms, and assigned parking.
Where is this quadplex located?
The property is located at 8726 & 8728 N 48th St Tampa, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two block‑construction duplexes totaling 4 units on 2 separate parcels; Each unit offers 2 bedrooms, 1 bathroom, a dedicated laundry room, and a fully fenced private yard; 2 assigned parking spaces per unit
