Three-Unit Residential
For Sale
$420,000
C-4422 N Clark Ave, Tampa, FL 33609
Two units are expected to be vacant at closing, while the third has a lease in place through March 2027.
Property Size1,426 SF
Lot Size0.26 Acres
Price / SF$294.53
Days on Market10
Property Features for C-4422 N Clark Ave
General Information
Standard status
Active
Size
1,426 SF
Lot size
0.26 Acres
Property subtype
Residential Income
Zoning
IG
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,508
Listing Agency:
PALLADIUM INVESTMENTS INC
(561) 329-8702
Listed By:
Matthew Brown · License #3589683
(678) 283-7928
Source:
Exprealty
Added: Oct 13
Changed: Oct 21
Last Checked: Oct 21 at 2:36AM
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 PALLADIUM INVESTMENTS INC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit property occupies a 0.26-acre lot and contains 1,426 square feet. Two units are expected to be vacant at closing; the remaining unit is leased through March 2027. The property is zoned IG (Industrial General).
Located in Tampa’s Drew Park area, the property is near Raymond James Stadium, George M. Steinbrenner Field, Tampa International Airport, Hillsborough Community College, shopping, dining, and major roadways.
Located in Tampa’s Drew Park area, the property is near Raymond James Stadium, George M. Steinbrenner Field, Tampa International Airport, Hillsborough Community College, shopping, dining, and major roadways.
Key Highlights
- Three‑unit property with 1,426 square feet
- Situated on a 0.26‑acre lot
- IG (Industrial General) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,645
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,900
$332.9K
Cap Rate 7%
$237,786
$237.8K
Cap Rate 9%
$184,944
$184.9K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$25.5K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$23.8K $16.67/SF
− OpEx
−$7.1K −$5.00/SF
NOI
$16.6K $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 Rate 5%
$332,900
Cap Rate 7%
$237,786
Cap Rate 9%
$184,944
Alternative Uses
Best Use
Multifamily LT 5
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$221.1K
$193.5K – $257.9K
NOI $15,476 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$332.2K
$290.7K – $387.6K
NOI $23,255 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 33609, FL
17,902
Population
9,169
Households
2
Avg Household Size
38
Median Age
63%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
4,476
Density / Sq Mi
$105,083
Median Household Income
$66,567
Median Earnings
$1,818
Median Rent
$526,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Two units are expected to be vacant at closing, while the third has a lease in place through March 2027.
Where is this triplex located?
The property is located at C-4422 N Clark Ave Tampa, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Three‑unit property with 1,426 square feet; Situated on a 0.26‑acre lot; IG (Industrial General) zoning
