236 W North Street, Tampa, FL 33604
Local realty services provided by:ERA American Suncoast
Listed by: eriola goldman
Office: sellstate coastal realty
MLS#:TB8483186
Source:MFRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$194.24
About this home
Value-Add Quadplex in Seminole Heights | Hybrid Income Strategy
Exceptional investment opportunity in the heart of Seminole Heights, one of Tampa’s fastest-growing and most desirable neighborhoods. This 4-unit multifamily property offers immediate cash flow with significant upside through a proven hybrid rental model.
The property consists of:
• Unit A: 2BR/1BA
• Unit B: 1BR/1BA (currently operating as an Airbnb)
• Unit C: 2BR/1BA
• Unit D: 1BR/1BA
Units A, C, and D are leased under annual agreements, providing stable in-place income, while Unit B is actively operated as an Airbnb, creating additional revenue potential and operational flexibility.
The property is currently generating approximately $98,345 in annual NOI, representing an 8.94% in-place cap rate at the current asking price of $1,100,000. Investors may realize additional upside through rental optimization, furnished rentals, or expanded short-term rental operations, subject to local regulations.
Situated on a prominent corner lot in Seminole Heights, the property is conveniently located near Downtown Tampa, Ybor City, Armature Works, Raymond James Stadium, Midtown Tampa, I-275, and Tampa International Airport. Its proximity to major employment centers, entertainment districts, and the Hillsborough River supports strong demand from residents, business travelers, and visitors alike.
Investment Highlights:
? 4 Income-Producing Units
? Three Annual Leases in Place
? One Active Airbnb Unit
? Approximately $98K+ Annual NOI
? 8.94% In-Place Cap Rate
? Pro Forma Cap Rate Exceeding 11%
? Walk-to-River Location
? Hybrid Long-Term / Short-Term Rental Strategy
? Prime Seminole Heights Location
Whether seeking stable cash flow, value-add potential, or a hybrid investment strategy, 236 W North Street presents a rare opportunity to acquire a high-performing multifamily asset in one of Tampa Bay’s strongest growth markets.
Offered at $1,100,000. Financials available upon request....
Contact an agent
Home facts
- Year built:1925
- Listing ID #:TB8483186
- Added:108 day(s) ago
- Updated:June 22, 2026 at 12:50 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Tile, Wood
- Kitchen Description:Convection Oven, Cooktop, Dishwasher, Disposal, Microwave
- Bedroom Description:High Ceilings
- Basement Description:Crawlspace
- Living area:2,713 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:2,713 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Wood Siding
- Exterior Features:Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$194.24
- Tax amount:$11,097 (2025)
Features and amenities
- Appliances:Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Irrigation Equipment, Microwave, Washer
- Laundry features:Dryer, Laundry Room, Washer
- Amenities:Cable Available, Ceiling Fans(s), High Ceilings, Irrigation Equipment, Natural Gas Connected
- Pool features:Public Pool
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