2004 E 15th Avenue, Tampa, FL 33605

Local realty services provided by:ERA American Suncoast
2004 E 15th Avenue,Tampa, FL 33605
$1,500,000
Virtual Tour
  • 16 Beds
  • 8 Baths
  • 5,160 sq. ft.
  • Multi-family
  • Active
Listed by:isabel campos-gordon
Office:sand dollar realty group inc
MLS#:O6293394
Source:MFRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$275.33

About this home

Financial Summary • Purchase Price: $1,500,000 • Net Operating Income (NOI): $132,671.65 • Annual Debt Service: $45,508.90 • Cash Flow (Before-Tax): $87,162.75 Investment Metrics Cap Rate 8.85 This is still strong, especially for multifamily in many markets. Typically, anything above 7–8 is attractive. Cash-on-Cash Return - Assuming 20 down payment = $300,000:Cash-on-Cash Return=29.05 This is excellent — high CoC returns like this are uncommon in many real estate markets. Debt Coverage Ratio (DCR)=2.92 Conclusion At a $1.5M price point, this is a robust investment: • 8.85 Cap Rate — solid and above average • 29 Cash-on-Cash Return — very high • Excellent DCR — well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long-term growth potential.

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1953
  • Listing ID #:O6293394
  • Added:177 day(s) ago
  • Updated:October 05, 2025 at 11:45 AM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:8
  • Living area:5,160 sq. ft.

Heating and cooling

  • Cooling:Ductless
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1953
  • Building area:5,160 sq. ft.
  • Lot area:0.47 Acres

Schools

  • High school:Middleton-HB
  • Middle school:Stewart-HB
  • Elementary school:Booker T. Washington-HB

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$275.33
  • Tax amount:$12,530 (2024)
MLS LogoThe information being provided by My Florida Regional MLS DBA Stellar MLS. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the My Florida Regional MLS DBA Stellar MLS.. ERA American Suncoast is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA American Suncoast, a broker participant of My Florida Regional MLS DBA Stellar MLS.. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by My Florida Regional MLS DBA Stellar MLS. and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2025 My Florida Regional MLS DBA Stellar MLS.. All rights reserved.

New listings near 2004 E 15th Avenue