Quadplex with Open
906 E 123RD Avenue, Tampa, FL 33612
For Sale
$420,000
Under Contract
Residential Income, TAMPA, FL
Property Size2,312 SF
Lot Size0.12 Acres
Price / SF$181.66
Days on Market54
Property Features for 906 E 123RD Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Pets allowed
Interior features
Exterior features
Subdivision
Directions
Special listing conditions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
FUTURE HOME REALTY INC
(813) 855-4982
Listed By:
Kristen Mendez · License #3352686
(727) 314-2696
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 9:06PM
MLS# TB8546600
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.
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Investment Insights
Based on property information with market context.
This 2,312-square-foot quadplex was built in 1965 and has block construction. Interior features include an open floorplan and a kitchen connected to the family room. The property also includes two bedrooms and two bathrooms.
Located in Tampa, the 0.12-acre property is zoned RDC-12. Public water serves the site, which uses a septic tank for sewer. Heating is ductless; cooling is provided by wall or window units.
Located in Tampa, the 0.12-acre property is zoned RDC-12. Public water serves the site, which uses a septic tank for sewer. Heating is ductless; cooling is provided by wall or window units.
Key Highlights
- 2,312 square feet on a 0.12‑acre lot
- Built in 1965 with block construction
- RDC‑12 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,987
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,740
$539.7K
Cap Rate 7%
$385,529
$385.5K
Cap Rate 9%
$299,856
$299.9K
Market Conditions
NOI Build-Up for 2,312 SF
Gross rent
$41.3K $17.88/SF
− Vacancy
−$2.8K −$1.21/SF
EGI
$38.6K $16.67/SF
− OpEx
−$11.6K −$5.00/SF
NOI
$27.0K $11.67/SF
Area
ZIP 33612
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 Rate 5%
$539,740
Cap Rate 7%
$385,529
Cap Rate 9%
$299,856
Alternative Uses
Best Use
Multifamily LT 5
$385.5K
$337.3K – $449.8K
NOI $26,987 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$358.4K
$313.6K – $418.2K
NOI $25,091 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$526.7K
$460.8K – $614.4K
NOI $36,866 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
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Business Placement
Demographics for 33612, FL
49,452
Population
21,228
Households
2.3
Avg Household Size
34
Median Age
18%
College-Educated
78%
High-School Grad
9.9 sq mi
ZIP Area
4,995
Density / Sq Mi
$43,919
Median Household Income
$32,724
Median Earnings
$1,259
Median Rent
$249,600
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Tampa, FL
Properties on Market for Quadplexes in Tampa
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - The residence offers a combined kitchen and family room, with public water service and septic sewer.
Where is this quadplex located?
The property is located at 906 E 123RD Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,312 square feet on a 0.12‑acre lot; Built in 1965 with block construction; RDC‑12 zoning
