UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,480 sqft
Price per Sqft $294
Subdivision Drews John H Sub Blks 11 To 1
MLS Listing ID TB8390018
Bedrooms 5
HOA Y/N No
Year Built 1944
Annual Tax Amount $4,715
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 100x108
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph's Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street.
Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill.
Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential.
Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units.
Why This Property Stands Out:
Undervalued Rents – Long-term family occupancy means immediate rent growth opportunity
Garage Conversion Potential – Add a 6th unit or ADU
Separately Metered Electric – Tenants pay their own utilities
Month-to-Month Leases – Flexibility to raise rents or reposition
Walk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round.
Don't miss this unique multifamily investment opportunity in one of Tampa's most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.
Location
State FL
County Hillsborough
Community Drews John H Sub Blks 11 To 1
Area 33607 - Tampa
Zoning RS-50
Interior
Interior Features Ceiling Fans(s)
Heating Ductless
Cooling Other, Wall/Window Unit(s)
Flooring Ceramic Tile
Fireplace false
Laundry In Garage
Exterior
Exterior Feature Other
Garage Spaces 1.0
Utilities Available Electricity Connected, Other, Public, Water Connected
Roof Type Other,Shingle
Attached Garage true
Garage true
Private Pool No
Building
Lot Description Oversized Lot
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Frame
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8390018
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Milton Knight
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675