236 W North St is a 1925-built home in North Park Annex, Tampa. Inside you'll find 6 bedrooms, 4 bathrooms, and 2,713 square feet of living space. Listed at $1,100,000 (about $405/sqft), 102 days on market. Flood zone x - outside the FEMA high-risk areas, which keeps insurance manageable.
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.
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, so confirm with the county property appraiser before closing.
Subdivision
North Park Annex
County
Hillsborough
MLS Area
33604 - Tampa / Sulphur Springs
Lot Size
5,490 sqft
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