Multifamily Investment Opportunity in
For Sale
$995,000
911 East 108th Avenue, Tampa, FL 33605
Portfolio of three duplexes, six units, near Ybor City.
Property Size4,770 SF
Price / SF$208.60
Days on Market330
Property Features for 911 East 108th Avenue
General Information
Standard status
Active
Size
4,770 SF
Property subtype
Multifamily
Building Details
Building Size
4,770 SF
Year Built
1983
Listing Agency:
SVN | Commercial Advisory Group
Listed By:
Gail Bowden · License #3044621
(941) 223-1525
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 16 at 7:12AM
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 SVN | Commercial Advisory Group
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Investment Insights
Based on property information with market context.
This multifamily investment opportunity features a portfolio of three duplexes, totaling six units. Each unit includes 2 bedrooms, 1 bathroom, and 795 square feet of living space. The property is located near the historic Ybor City district, offering a blend of culture, dining, and entertainment. The area is a hub for diverse industries, including finance, healthcare, and technology. The location provides easy access to landmarks such as the Tampa Riverwalk and the Tampa Convention Center. The property is well-positioned for strong occupancy rates and sustained demand, presenting an opportunity for investors seeking stable rental income, long-term appreciation, and value-add potential. New roofs were installed in 2020. There is potential for higher rents. The total property size is 4770 square feet.
Key Highlights
- Portfolio of three duplexes (six units total) provides a substantial investment opportunity.
- Each unit features 2 bedrooms and 1 bathroom, a desirable and easily rentable configuration.
- New roofs installed in 2020, reducing near‑term maintenance costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,767
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,340
$1.0M
Cap Rate 7%
$739,529
$739.5K
Cap Rate 9%
$575,189
$575.2K
Market Conditions
NOI Build-Up for 4,770 SF
Gross rent
$101.3K $21.24/SF
− Vacancy
−$7.2K −$1.51/SF
EGI
$94.1K $19.73/SF
− OpEx
−$42.4K −$8.88/SF
NOI
$51.8K $10.85/SF
Area
Tampa, FL
Vacancy
7.10%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,340
Cap Rate 7%
$739,529
Cap Rate 9%
$575,189
Alternative Uses
Best Use
Apartment 5plus
$739.5K
$647.1K – $862.8K
NOI $51,767 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.4K – $1.30M
NOI $77,789 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of three duplexes, six units, near Ybor City.
Where is this apartment building located?
The property is located at 911 East 108th Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Portfolio of three duplexes (six units total) provides a substantial investment opportunity.; Each unit features 2 bedrooms and 1 bathroom, a desirable and easily rentable configuration.; New roofs installed in 2020, reducing near‑term maintenance costs.
