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911 E 23rd Ave, Tampa, FL 33605

9-unit renovated apartment community in desirable Tampa Heights neighborhood.

Property SizeContact for details
Days on Market179

Property Features for 911 E 23rd Ave

General Information

Standard status Active
Property subtype Multifamily
Investment Type Value Add

Building Details

Year Built 1969
Buildings 1
Stories 2
Units 9
Listing Agency: Franklin Street Tampa
Listed By: Eve Lowry · License ##SL3546854
Source: Crexi
Added: Feb 16 Changed: Aug 8 Last Checked: Aug 8 at 3:12PM

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 Franklin Street Tampa

Investment Insights

Based on property information with market context.

Cigar City Flats is a renovated 9-unit apartment community located in the Tampa Heights neighborhood of Tampa, FL. The property has undergone recent upgrades at both the community and unit level, including system improvements and modern interior renovations. Interior renovations include updated cabinetry, flooring, appliances, and HVAC systems. The asset offers rental upside based on comparable properties in the area, along with additional income opportunities through laundry, utility bill backs, and parking. There is also potential to further enhance curb appeal with exterior improvements. Cigar City Flats is surrounded by destinations including Armature Works, the Tampa Riverwalk, the Straz Center, and Benchmark International Arena, and is a short drive to Water Street and Gasworx in Ybor City. With nearby parks and immediate access to I 275, the property is positioned for continued demand and long-term growth.

Key Highlights

  • Located in the highly desirable Tampa Heights neighborhood, near Armature Works, Tampa Riverwalk, and other top destinations.
  • 9‑unit renovated apartment community with recent upgrades.
  • Modern interior renovations including updated cabinetry, flooring, appliances, and HVAC systems.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Locksmith Veterinary Clinic Butcher Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

685
Businesses Nearby

Demographics for 33605, FL

18,243
Population
8,994
Households
2
Avg Household Size
36
Median Age
21%
College-Educated
79%
High-School Grad
7.8 sq mi
ZIP Area
2,339
Density / Sq Mi
$36,790
Median Household Income
$35,889
Median Earnings
$1,122
Median Rent
$235,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 9-unit renovated apartment community in desirable Tampa Heights neighborhood.
Where is this apartment building located?
The property is located at 911 E 23rd Ave Tampa, FL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Located in the highly desirable Tampa Heights neighborhood, near Armature Works, Tampa Riverwalk, and other top destinations.; 9‑unit renovated apartment community with recent upgrades.; Modern interior renovations including updated cabinetry, flooring, appliances, and HVAC systems.
More about this property
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