114 S Bungalow Park Avenue, Tampa, FL 33609
Local realty services provided by:ERA Grizzard Real Estate
114 S Bungalow Park Avenue,Tampa, FL 33609
$695,000
- 4 Beds
- 3 Baths
- 2,160 sq. ft.
- Multi-family
- Active
Listed by: alexander izikson
Office: richard peters realty llc.
MLS#:TB8491887
Source:MFRMLS
Price summary
- Price:$695,000
- Price per sq. ft.:$264.46
About this home
*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa’s most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa.
Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside.
Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted....
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Home facts
- Year built:1940
- Listing ID #:TB8491887
- Added:94 day(s) ago
- Updated:July 02, 2026 at 04:53 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Living area:2,160 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:2,160 sq. ft.
- Lot area:0.28 Acres
- Construction Materials:Block, Frame
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$695,000
- Price per sq. ft.:$264.46
- Tax amount:$15,735 (2025)
Features and amenities
- Laundry features:Electric Dryer Hookup, Washer Hookup
- Amenities:Open Floorplan
- Pool features:Public Pool
Parking
- Parking description:1 Car Carport
- Carport spaces:1
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