Concrete Block
For Sale
$240,000
9610 N 12TH Street, Tampa, FL 33612
MULTI_FAMILY - TAMPA, FL
Property Size1,080 SF
Lot Size0.14 Acres
Price / SF$222.22
Days on Market13
Property Features for 9610 N 12TH Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RS-50
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Dining Room, Bedroom 1, Bathroom 2, Bedroom 2
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo
Exterior features
Lighting
Subdivision
CASTLE HEIGHTS MAP
Directions
Turn right toward Citrus Park Dr 249 ft Turn left onto Citrus Park Dr 2.1 mi Turn left onto Sheldon Rd 1.1 mi Turn right onto Co Rd 587 0.4 mi Continue onto Ehrlich Rd 4.2 mi Continue onto W Bearss Ave Pass by CubeSmart Self Storage (on the right) 3.1 mi Slight right to merge onto I-275 S toward St Petersburg 3.5 mi Take exit 50 for FL-580 E 0.3 mi Turn left onto FL-580 E/E Busch Blvd 0.6 mi Turn left onto N 12th St Destination will be on the left 0.3 mi 9610 N 12th St, Tampa, FL 33612
Standard status
Active
APN
A-19-28-19-453-K00000-00019.0
Size
1,080 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CASTLE HEIGHTS MAP LOTS 19 AND 20 BLOCK K
Tax Annual Amount
3348
Legal Description
CASTLE HEIGHTS MAP LOTS 19 AND 20 BLOCK K
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
in-unit laundry hookups
private entrance
Building Details
Year built
1970
Building materials
Block
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Paola Diaz Lozada · License #3525414
(407) 698-0313
Added: Aug 3
Changed: Aug 13
Last Checked: Aug 15 at 2:06AM
MLS# S5154888
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 1,080-square-foot duplex contains two one-bedroom, one-bathroom units, each arranged with its own entrance and utility meter. Both residences include hookups for in-unit laundry. The building features concrete block construction, shingle roofing, ceiling fans, and a living room/dining room combination. Heating is provided by ductless equipment, while cooling is handled by window or wall/window units.
The property occupies 0.14 acres in North Tampa at 9610 N 12th Street. Public water and public sewer serve the site, and the property is zoned RS-50. Built in 1970, it is near USF, Busch Gardens, major highways, shopping, and dining. Both units are vacant, allowing an owner-occupant or investor to determine the property's next use without an existing tenancy in place.
The property occupies 0.14 acres in North Tampa at 9610 N 12th Street. Public water and public sewer serve the site, and the property is zoned RS-50. Built in 1970, it is near USF, Busch Gardens, major highways, shopping, and dining. Both units are vacant, allowing an owner-occupant or investor to determine the property's next use without an existing tenancy in place.
Key Highlights
- Two 1‑bedroom/1‑bathroom units within 1,080 square feet
- Concrete block duplex built in 1970
- Each unit has a private entrance and separate meter
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
$12,606
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
5.25%
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%
$252,120
$252.1K
Cap Rate 7%
$180,086
$180.1K
Cap Rate 9%
$140,067
$140.1K
Market Conditions
NOI Build-Up for 1,080 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
$19.3K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$18.0K $16.67/SF
− OpEx
−$5.4K −$5.00/SF
NOI
$12.6K $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%
$252,120
Cap Rate 7%
$180,086
Cap Rate 9%
$140,067
Alternative Uses
Best Use
Multifamily LT 5
$180.1K
$157.6K – $210.1K
NOI $12,606 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.4K
NOI $11,721 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$246.0K
$215.3K – $287.0K
NOI $17,221 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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 vacant one-bedroom units offer private entrances, separate meters, and in-unit laundry hookups.
Where is this duplex located?
The property is located at 9610 N 12TH Street Tampa, FL.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two 1‑bedroom/1‑bathroom units within 1,080 square feet; Concrete block duplex built in 1970; Each unit has a private entrance and separate meter
