8-Unit Multifamily
For Sale
$1,500,000
TAMPA, FL 33612, Tampa, FL 33612
Residential Income, TAMPA, FL
Property Size6,916 SF
Lot Size0.49 Acres
Price / SF$216.89
Days on Market27
Property Features
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Zoning
UCA-NHO
Bedrooms
24
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 17, Bathroom 5, Bedroom 16, Bedroom 7, Bathroom 4, Bedroom 23, Bathroom 7, Bathroom 3, Bedroom 6, Bedroom 20, Bedroom 22, Bedroom 5, Bedroom 15, Bedroom 9, Bathroom 6, Bathroom 2, Bedroom 13, Bedroom 4, Bedroom 14, Bedroom 10, Bedroom 2, Bedroom 3, Bedroom 11, Bedroom 18, Bathroom 1, Bedroom 19, Bedroom 8, Bedroom 24, Bathroom 8, Family Room, Bedroom 21, Bedroom 12, Bedroom 1
Parking features
Off Street
Interior features
Kitchen/Family Room Combo, Open Floorplan
Exterior features
Sidewalk
Subdivision
HAMNERS W E FLETCHER AVE E
Standard status
Active
Size
6,916 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8002
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
washer and dryer hookups
Building Details
Year built
1990
Flooring type
Tile - Ceramic, Carpet
Building materials
Block, Vinyl Siding, Frame
Roof type
Shingle
Listing Agency:
DENNIS REALTY & INV. CORP.
(813) 949-7444
Listed By:
Scott Robinson · License #3232044
(813) 244-7139
Added: Sep 17
Changed: Oct 8
Last Checked: Oct 13 at 12:06AM
MLS# TB8549578
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.
The property comprises eight apartments across two four-unit buildings on separate parcels, totaling 0.49 acres. Each apartment has three bedrooms, one bathroom, an open floor plan, and washer and dryer hookups in a laundry closet. The buildings were constructed in 1990 and received new roofs in 2021. Central air conditioning and heating, off-street parking, and ceramic tile and carpet flooring are among the property features. Public water and sewer serve the site, and the zoning designation is UCA-NHO.
Located in Tampa’s University area, the property is fully occupied. Tenants pay for electricity.
Located in Tampa’s University area, the property is fully occupied. Tenants pay for electricity.
Key Highlights
- Eight apartments across two four‑unit buildings on separate parcels
- Each unit has 3 bedrooms, 1 bathroom, and 871 sq ft.
- 0.49‑acre site in Tampa’s University area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,726
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,614,520
$1.6M
Cap Rate 7%
$1,153,229
$1.2M
Cap Rate 9%
$896,956
$897.0K
Market Conditions
NOI Build-Up for 6,916 SF
Gross rent
$123.7K $17.88/SF
− Vacancy
−$8.3K −$1.21/SF
EGI
$115.3K $16.67/SF
− OpEx
−$34.6K −$5.00/SF
NOI
$80.7K $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 Rate 5%
$1,614,520
Cap Rate 7%
$1,153,229
Cap Rate 9%
$896,956
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.35M
NOI $80,726 @ 7.0% cap · market cap 5.38%
Second Best
Apartment 5plus
$1.07M
$938.2K – $1.25M
NOI $75,056 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,280 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,332
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two four-unit buildings occupy separate parcels, with three-bedroom, one-bath apartments and in-unit laundry hookups.
Where is this quadplex located?
The property is located at Tampa, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Eight apartments across two four‑unit buildings on separate parcels; Each unit has 3 bedrooms, 1 bathroom, and 871 sq ft.; 0.49‑acre site in Tampa’s University area
