Three-Bedroom
For Sale
$480,000
9502 BANYAN Avenue, Tampa, FL 33612
Residential Income, TAMPA, FL
Property Size1,736 SF
Lot Size0.17 Acres
Price / SF$276.50
Days on Market372
Property Features for 9502 BANYAN Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 6, Dining Room, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Driveway, Off Street
Interior features
Living Room/Dining Room Combo, Thermostat
Exterior features
Fence, Sidewalk
Fencing
Fenced
Subdivision
FAIRVIEW TERRACE RESUB
Lot features
City Limits, Sidewalk, Paved
Elementary school
Forest Hills-HB
Middle school
Adams-HB
High school
Chamberlain-HB
Directions
From 1251 E Fowler Ave F, Tampa, FL 33612, head west toward E Fowler Ave, turn right toward E Fowler Ave, turn right onto E Fowler Ave, pass by Steak 'n Shake (on the left), turn right onto N 15th St, turn right onto E Linebaugh Ave., turn left onto N 12th St, keep left to continue on N Banyan Ave, destination will be on the right
Standard status
Active
APN
A-19-28-19-45N-000005-00013.0
Size
1,736 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
FAIRVIEW TERRACE RESUB LOTS 13 AND 14 BLOCK 5
Tax Annual Amount
4670
Legal Description
FAIRVIEW TERRACE RESUB LOTS 13 AND 14 BLOCK 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
fenced yard
off-street parking
Building Details
Year built
1988
Floors in Building
2
Number of units
2
Flooring type
Vinyl
Building materials
Block, Stucco
Roof type
Shingle
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 3:06PM
MLS# TB8428890
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 1,736-square-foot duplex at 9502 Banyan Avenue contains two three-bedroom layouts and was built in 1988. The property features block and stucco construction, vinyl flooring, central air conditioning, electric heat, a shingle roof, and a combined living and dining area. A fenced yard, driveway, and additional off-street parking support the residential configuration.
The property is within Tampa city limits and carries RS-50 zoning. Public water and public sewer serve the site, with cable availability also noted. The 0.17-acre parcel is identified as being in a designated Opportunity Zone. Both units are fully occupied, and the property is offered as-is with showings by appointment.
The property is within Tampa city limits and carries RS-50 zoning. Public water and public sewer serve the site, with cable availability also noted. The 0.17-acre parcel is identified as being in a designated Opportunity Zone. Both units are fully occupied, and the property is offered as-is with showings by appointment.
Key Highlights
- Two three‑bedroom units in a 1,736‑square‑foot duplex
- Fully occupied residential income property
- RS‑50 zoning and designated Opportunity Zone location
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
$20,263
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
4.22%
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%
$405,260
$405.3K
Cap Rate 7%
$289,471
$289.5K
Cap Rate 9%
$225,144
$225.1K
Market Conditions
NOI Build-Up for 1,736 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
$31.0K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.9K $16.67/SF
− OpEx
−$8.7K −$5.00/SF
NOI
$20.3K $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%
$405,260
Cap Rate 7%
$289,471
Cap Rate 9%
$225,144
Alternative Uses
Best Use
Multifamily LT 5
$289.5K
$253.3K – $337.7K
NOI $20,263 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$269.1K
$235.5K – $314.0K
NOI $18,840 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$395.5K
$346.0K – $461.4K
NOI $27,682 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
896
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 - Fully occupied duplex with fenced outdoor space, off-street parking, and public utilities.
Where is this duplex located?
The property is located at 9502 BANYAN Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Two three‑bedroom units in a 1,736‑square‑foot duplex; Fully occupied residential income property; RS‑50 zoning and designated Opportunity Zone location
