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Value-Add Quadplex with Short-Term Rental Upside - Tampa Investment Opportunity Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing. Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa's strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors. Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers. Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations. Investment Highlights "¢ 4-unit multifamily property "¢ Strong value-add opportunity "¢ Ideal for Airbnb / VRBO / furnished rentals "¢ High-demand Tampa rental market "¢ Excellent location near major attractions and employment hubs "¢ Projected double-digit cap rate potential after value-add This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida's fastest-growing markets.
| DAYS ON MARKET | 20 | LAST UPDATED | 3/5/2026 |
|---|---|---|---|
| TRACT | NORTH PARK ANNEX | YEAR BUILT | 1925 |
| COMMUNITY | 33604 - Tampa / Sulphur Springs | COUNTY | Hillsborough |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer |
| AREA | 33604 - Tampa / Sulphur Springs |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Wood Siding |
| EXTERIOR | Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters, Storage |
| HEAT | Central |
| INTERIOR | High Ceilings |
| LOT | 5663 sq ft |
| LOT DIMENSIONS | 45x122 |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | NORTH PARK ANNEX |
| TAXES | 11096.61 |
| UTILITIES | Natural Gas Available, Cable Available, Natural Gas Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Eriola Goldman, SELLSTATE COASTAL REALTY, 813-940-0101
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 3/21/26 8:02 AM PDT.
This IDX solution is (c) Diverse Solutions 2026.