BEDS6
BATHS4 full
SQUARE FEET2,713
MLS#TB8483186
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONNORTH PARK ANNEX
Property Description
Value-Add Quadplex with Short-Term Rental Upside - Tampa Investment OpportunityPrime 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-addThis 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.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $11,096
Year Built: 1925
Amenities
Ceiling Fans(s)
High Ceilings
Awning(s)
Balcony
Rain Barrel/Cistern(s)
Rain Gutters
Storage
Feature Descriptions
Appliances: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Days on Site: 42
Directions: Directions    1.    Start in Downtown Tampa heading north on N Florida Ave.    2.    Continue straight on N Florida Ave for about 3.5 miles.    3.    Turn left onto W North St.    4.    Continue for a short distance â?? 236
Exterior: Wood Siding
Flood Zone Code: x
Flooring: Tile, Wood
Foundation: Crawlspace, Slab
Home Warranty Y/N: No
Lot Dimensions: 0.13
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Call Listing Agent
Special Sale Provisions: None
Utilities: Cable Available, Natural Gas Connected
Water: Public
Water Access Y/N: No
Zoning: SH-RS
Listed By / Shown By
Listed By
Agency Name: SELLSTATE COASTAL REALTY
Agency Contact: 813-940-0101
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 3,945.35 per month $2,670.68 Principal & Interest $924.67 Property Tax $350.00 Homeowner's InsuranceChange Payment Information
236 W North Street | MLS# TB8483186
This single family home located at 236 W North Street, Tampa, FL 33604 is currently listed for sale with an asking price of $1,200,000. This property was built in 1925 and has 6 bedrooms and 4 full baths with 2713 sq. ft. W North Street is located in the NORTH PARK ANNEX subdivision. Search NORTH PARK ANNEX real estate on www.realtymarkllc.com today.