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    Income-Producing Duplex Near USF Title is generated by Realmo AI

    9908 N MYRTLE STREET, Tampa, FL 33617

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    For Sale
    $375,000

    Duplex - TAMPA, FL

    Type:Duplex
    Property size:
    1,624 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $230/SF
    Added:
    May 19, 2026
    Days on Market:
    14
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for 9908 N MYRTLE STREET

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RM-16
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Driveway
    Interior features
    Open Floorplan
    Exterior features
    Paved
    Appliances
    Microwave, Range, Refrigerator
    Standard status
    Active
    APN
    A-22-28-19-440-000000-00014.B
    Size
    1,624 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3188

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Number of units
    2
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Block, Concrete
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Beatriz Lettiero
    Beatriz Lettiero

    Listing agent Beatriz Lettiero License #3227574

    Listing office FUTURE HOME REALTY INC 13029 W Linebaugh Av Ste 101, Tampa, FL

    Listing date May 19, 2026

    MLS# TB8510017 Listing URL

    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.

    HighLights

    • Income‑producing duplex in Temple Terrace, ideal for investors or owner‑occupants seeking rental income.
    • One unit is newly remodeled with a brand‑new kitchen, updated appliances, new flooring, new A/C and water heater, and modern finishes.
    • Second unit is occupied and well‑maintained, providing immediate rental income.
    • Durable concrete block construction and two spacious 2‑bedroom, 1‑bath units.
    • Convenient location near USF, Busch Gardens, downtown Tampa, major highways, shopping, dining, hospitals, and entertainment.
    • No HOA and located in Flood Zone X.

    Overview

    Located in the Temple Terrace area of Tampa, this income-producing duplex presents an opportunity for investors and owner-occupants seeking rental income to offset mortgage costs. Constructed with durable concrete block, the two-story duplex features a total of 1,624 heated square feet, comprising two 2-bedroom, 1-bath units. One unit has been remodeled with a new kitchen including white shaker cabinets, updated countertops, and stainless steel appliances. Additional updates include new flooring, doors, A/C, water heater, fresh paint, an updated bathroom, and modern finishes. The second unit is occupied and well maintained, providing immediate rental income. The layout, neutral color palette, and natural light create an inviting atmosphere. Situated on a 0.19-acre lot, the property is conveniently located near USF, Busch Gardens, downtown Tampa, major highways, shopping, dining, hospitals, and entertainment. This duplex offers flexibility, strong rental demand, and long-term potential. It is located in Flood Zone X and has no HOA. The property is zoned RM-16.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $29.0k $17.88
    − Vacancy −$2.0k −$1.21
    EGI $27.1k $16.67
    − OpEx −$8.1k −$5.00
    NOI $19.0k $11.67
    1,624 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $270.8K
    $237.0K – $315.9K (±1% cap)
    NOI $18,956 @ 7.0% cap · market cap 5.05%
    Second Best
    Apartment 5plus
    $251.8K
    $220.3K – $293.8K (±1% cap)
    NOI $17,625 @ 7.0% cap · market cap 4.70%
    Theoretical Best
    Office A
    $378.3K
    $331.1K – $441.4K (±1% cap)
    NOI $26,484 @ 7.0% cap · market cap 7.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tampa
    County
    Hillsborough
    State
    Florida
    Longitude
    -82.39936
    Latitude
    28.039298

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    FAQs

    What type of property is this?
    Duplex - Income-producing duplex near USF, remodeled unit, concrete block construction.
    Where is this duplex located?
    The property is located at 9908 N MYRTLE STREET Tampa, FL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Income‑producing duplex in Temple Terrace, ideal for investors or owner‑occupants seeking rental income.; **One unit is newly remodeled with a brand‑new kitchen, updated appliances, new flooring, new A/C and water heater, and modern finishes.**; Second unit is occupied and well‑maintained, providing immediate rental income.
    (813) 420-7127
    We can help!
    Listing Contact
    Beatriz Lettiero
    Beatriz Lettiero
    Real Estate License ID: 3227574
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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