$1,200,000

236 W North St · Tampa, FL, 33604

$442 / sqft
North Park Annex
6
Beds
4
Baths
2,713
Sqft
-
Garage
Ask About This Home

This is a 1925-built single-family home in North Park Annex. Flood zone x — outside the high-risk areas, which keeps insurance manageable. 97 days on market — likely some room to negotiate.

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Year Built1925
On Market97 days
Lot5,490 sqft
Annual Tax$11,097
Flood Zonex

About This Property

Value-Add Quadplex with Short-Term Rental Upside – Tampa Investment Opportunity Prime 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-add This 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.

Location

Property Details

🏠
Type
Single Family Residence
📅
Year Built
1925
🌳
Lot
5,490 sqft
❄️
Cooling
Central Air, Wall/Window Unit(s)
🔥
Heating
Central
🚗
Parking
-
📆
Days on Market
97

Features

Ceiling Fans(s)
High Ceilings
Awning(s)
Balcony
Rain Barrel/Cistern(s)
Rain Gutters
Storage
Convection Oven
Cooktop
Dishwasher
Disposal
Dryer
Electric Water Heater
Microwave
Washer

Taxes & Public Records

🌊Flood Zone x

Annual Tax (2025)

$11,097

Parcel #

A-36-28-18-4FB-000000-00577.0

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary — confirm with the county property appraiser before closing.

Lot & Community

Subdivision

North Park Annex

County

Hillsborough

MLS Area

33604 - Tampa / Sulphur Springs

Lot Size

5,490 sqft

Affordable Financing

Affordability Calculator

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Loan Details

$100K$2M

Your Results

Total Monthly Payment
$7,483
Principal, interest, tax, insurance
  • P&I$6,258
  • Tax$925
  • Insurance$300
Loan Amount
$960,000
Down Payment %
20.0%
First Year Summary
Principal
$10,134
Interest
$64,968
Balance
$949,866
Total Interest
$1,293,053
Total Cost
$2,253,053

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