1511 E 140th Avenue, Tampa, FL 33613
Local realty services provided by:ERA Advantage Realty, Inc.
Listed by: eric leach
Office: lipply real estate
MLS#:TB8565766
Source:MFRMLS
Price summary
- Price:$1,475,000
- Price per sq. ft.:$262.64
About this home
EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for investors seeking a multifamily asset with significant rental income potential.
Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit.
FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service.
With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request....
Contact an agent
Home facts
- Year built:1981
- Subdivision & Development:BYARS REVISION OF SUNNYLAND AC
- Listing ID #:TB8565766
- Added:1 day(s) ago
- Updated:November 10, 2026 at 04:53 PM
Rooms and interior
- Bedrooms:16
- Total bathrooms:8
- Flooring:Ceramic Tile
- Dining Description:Living Room/Dining Room Combo
- Kitchen Description:Exhaust Fan, Range, Range Hood, Refrigerator, Solid Surface Counters, Stone Counters
- Bedroom Description:Primary Bedroom Main Floor
- Living area:5,616 sq. ft.
Heating and cooling
- Cooling:Mini-Split Unit(s)
- Heating:Ductless, Electric
Structure and exterior
- Roof:Shingle
- Year built:1981
- Building area:5,616 sq. ft.
- Lot area:0.52 Acres
- Lot Features:Landscaped, Paved, Sidewalk
- Construction Materials:Block
- Exterior Features:Fence, Lighting, Private Mailbox, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Freedom-HB
- Middle school:Buchanan-HB
- Elementary school:Mort-HB
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,475,000
- Price per sq. ft.:$262.64
- Tax amount:$17,737 (2025)
Features and amenities
- Appliances:Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
- Amenities:BB/HS Internet Available, Cable Available, Cable Connected, Ceiling Fans(s), Electricity Available, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters
- Pool features:Public Pool
Parking
- Parking description:Common, Guest, Off Street
New listings near 1511 E 140th Avenue
- Coming Soon
$345,000Coming Soon4 beds 2 baths1,596 sq. ft.4203 E Yukon Street, TAMPA, FL 33617
MLS# TB8564692Listed by: FUTURE HOME REALTY INC - Coming Soon
$1,025,000Coming Soon4 beds 4 baths3,644 sq. ft.5150 Lakecastle Drive, TAMPA, FL 33624
MLS# TB8565595Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$1,495,000Coming Soon5 beds 3 baths5,152 sq. ft.3622 W Azeele Street, TAMPA, FL 33609
MLS# TB8565819Listed by: CHARLES RUTENBERG REALTY INC - Coming SoonOpen Wed, 11am to 1pm
$2,499,000Coming Soon4 beds 4 baths3,045 sq. ft.901 S Packwood Avenue, TAMPA, FL 33606
MLS# TB8565557Listed by: COMPASS FLORIDA LLC - Coming Soon
$365,000Coming Soon3 beds 3 baths1,240 sq. ft.Address Withheld By Seller, TAMPA, FL 33612
MLS# TB8563602Listed by: BHHS FLORIDA PROPERTIES GROUP - Coming Soon
$350,000Coming Soon10 AcresAddress Withheld By Seller, TAMPA, FL 33625
MLS# TB8556699Listed by: ONEIL COMMERCIAL ADVISORS - Coming Soon
$400,000Coming Soon3 beds 2 baths1,339 sq. ft.6618 Interbay Boulevard, TAMPA, FL 33611
MLS# TB8564060Listed by: REAL BROKER, LLC - Coming Soon
$505,000Coming Soon3 beds 2 baths1,560 sq. ft.1324 E Giddens Avenue, TAMPA, FL 33603
MLS# TB8564516Listed by: COMPASS FLORIDA LLC - Coming Soon
$600,000Coming Soon3 beds 3 baths2,054 sq. ft.911 E Osborne Avenue #A, TAMPA, FL 33603
MLS# TB8564526Listed by: COMPASS FLORIDA LLC - Coming Soon
$445,000Coming Soon3 beds 2 baths1,554 sq. ft.8504 N Rome Avenue, TAMPA, FL 33604
MLS# TB8555603Listed by: EXP REALTY LLC