Tenant-Occupied
For Sale
$320,000
9318 N 11TH Street, Tampa, FL 33612
Residential Income, TAMPA, FL
Property Size1,482 SF
Lot Size0.22 Acres
Price / SF$215.92
Days on Market372
Property Features for 9318 N 11TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Patio, Porch
Interior features
Built-in Features, Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor
Exterior features
Fence, Sidewalk
Fencing
Fenced
Appliances
Microwave, Range, Range Hood, Refrigerator
Subdivision
GATEWAY SUB
Lot features
Corner Lot, Sidewalk
Elementary school
Forest Hills-HB
Middle school
Adams-HB
High school
Chamberlain-HB
Directions
From Copeland Park (11001 N 15th St, Tampa, FL 33612) head southwest, turn right, turn left toward N 15th St, turn left onto N 15th St, turn right onto E Linebaugh Ave., turn left onto N 11th St, turn right onto E Annie St, turn left onto N 11th St, destination will be on the right.
Standard status
Active
APN
A-19-28-19-45D-000006-00005.0
Size
1,482 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
GATEWAY SUBDIVISION LOT 5 & E 1/2 CLOSED ALLEY ABUTTING THEREON BLK 6
Tax Annual Amount
2635
Legal Description
GATEWAY SUBDIVISION LOT 5 & E 1/2 CLOSED ALLEY ABUTTING THEREON BLK 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
tile flooring
ceiling fans
window AC units
functional open floor plans
Building Details
Year built
1974
Floors in Building
2
Number of units
2
Flooring type
Tile
Building materials
Block, Stucco
Listing Agency:
KELLER WILLIAMS SOUTH TAMPA · Keller Williams Realty
(813) 875-3700
Listed By:
Correy Smith · License #261552498
(850) 496-7111
Added: Sep 19, 2025
Changed: Sep 25
Last Checked: Sep 25 at 10:06AM
MLS# TB8426470
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 1974 duplex at 9318 N 11th Street in Tampa contains two separate 2-bedroom, 1-bathroom units with 1,482 square feet of heated living space. Each residence features an open floor plan, tile flooring, ceiling fans, window AC units, and kitchen appliances including a range, range hood, refrigerator, and microwave. The block and stucco structure also includes porches, patios, driveway parking, and fencing.
Both units are currently tenant-occupied. The property sits on a 0.22-acre corner lot with a partially fenced yard, sidewalk access, public water, public sewer, and RS-50 zoning. The property is located in Hillsborough County and includes cable availability.
Both units are currently tenant-occupied. The property sits on a 0.22-acre corner lot with a partially fenced yard, sidewalk access, public water, public sewer, and RS-50 zoning. The property is located in Hillsborough County and includes cable availability.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,482 square feet of heated living space
- 0.22‑acre corner lot with partial fencing
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
$17,299
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
5.41%
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%
$345,980
$346.0K
Cap Rate 7%
$247,129
$247.1K
Cap Rate 9%
$192,211
$192.2K
Market Conditions
NOI Build-Up for 1,482 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
$26.5K $17.88/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$24.7K $16.67/SF
− OpEx
−$7.4K −$5.00/SF
NOI
$17.3K $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 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%
$345,980
Cap Rate 7%
$247,129
Cap Rate 9%
$192,211
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,299 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$229.8K
$201.1K – $268.1K
NOI $16,084 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$337.6K
$295.4K – $393.9K
NOI $23,631 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,247
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer open layouts, tile flooring, ceiling fans, and window-unit cooling.
Where is this duplex located?
The property is located at 9318 N 11TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,482 square feet of heated living space; 0.22‑acre corner lot with partial fencing
