Remodeled Duplex with Private
For Sale
$305,000
A-10123 N 11th St, Tampa, FL 33602
Two-unit property with updated kitchens, tile flooring, and washer and dryer hookups in both residences.
Property Size1,248 SF
Price / SF$244.39
Days on Market20
Property Features for A-10123 N 11th St
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,310
Listing Agency:
REALTY BLU
(813) 260-0587
Listed By:
Gabriel Molinet · License #3351376
(813) 260-0587
Source:
Exprealty
Added: Aug 12
Changed: Aug 29
Last Checked: Aug 30 at 7:44PM
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 REALTY BLU
Investment Insights
Based on property information with market context.
This 1,248-square-foot duplex has been fully remodeled with separate residential units and durable tile flooring throughout. Unit 1 includes a modern kitchen with shaker-style cabinets, granite countertops, and a fully fenced private yard. Unit 2 features an updated kitchen and bathroom, along with tile flooring for straightforward maintenance. Each residence is equipped with washer and dryer hookups.
The property is located in Tampa with access to public transportation, major roadways, universities, shopping, employers, and everyday amenities. Additional side yard space provides outdoor area beyond Unit 1's fenced yard and may support tenant recreation or storage, subject to buyer verification.
The property is located in Tampa with access to public transportation, major roadways, universities, shopping, employers, and everyday amenities. Additional side yard space provides outdoor area beyond Unit 1's fenced yard and may support tenant recreation or storage, subject to buyer verification.
Key Highlights
- 1,248‑square‑foot duplex with two separate residential units
- Unit 1 features shaker‑style cabinetry, granite countertops, tile flooring, and a fully fenced private yard
- Unit 2 includes an updated kitchen and bathroom with tile flooring throughout
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
$14,567
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
4.78%
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%
$291,340
$291.3K
Cap Rate 7%
$208,100
$208.1K
Cap Rate 9%
$161,856
$161.9K
Market Conditions
NOI Build-Up for 1,248 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
$22.3K $17.88/SF
− Vacancy
−$1.5K −$1.21/SF
EGI
$20.8K $16.67/SF
− OpEx
−$6.2K −$5.00/SF
NOI
$14.6K $11.67/SF
Area
Tampa, FL
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%
$291,340
Cap Rate 7%
$208,100
Cap Rate 9%
$161,856
Alternative Uses
Best Use
Multifamily LT 5
$208.1K
$182.1K – $242.8K
NOI $14,567 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$193.5K
$169.3K – $225.7K
NOI $13,544 @ 7.0% cap · market cap 4.44%
Theoretical Best
Office A
$290.7K
$254.4K – $339.2K
NOI $20,352 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 33602, FL
19,936
Population
11,972
Households
1.7
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
2.6 sq mi
ZIP Area
7,668
Density / Sq Mi
$88,569
Median Household Income
$66,434
Median Earnings
$2,119
Median Rent
$560,400
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-unit property with updated kitchens, tile flooring, and washer and dryer hookups in both residences.
Where is this duplex located?
The property is located at A-10123 N 11th St Tampa, FL.
What is the asking price?
The asking price for this property is $305,000.
What are key features of this property?
This property features: 1,248‑square‑foot duplex with two separate residential units; Unit 1 features shaker‑style cabinetry, granite countertops, tile flooring, and a fully fenced private yard; Unit 2 includes an updated kitchen and bathroom with tile flooring throughout
