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506 E SPARKMAN AVENUE

Multi-family For Sale
$675,000

BTC: 10.54687500

ETH: 386.59793814

29 days
4 bds
1,852 sqft

Overview

Priced at $675,000, this fully updated 2-unit property is the ideal 1031 exchange investment or the perfect live-in-one, rent-one-out scenario for the savvy buyer looking to offset their mortgage in one of Tampa's hottest neighborhoods. Both units feature 2 bedrooms and 1 bath, offering comfortable and functional layouts that appeal to a wide range of tenants. The property has been thoughtfully upgraded with major systems already addressed — including a brand new 2024 roof, 2022 HVAC, and 2021 water heater — giving the next owner true peace of mind and minimal near-term capital expenditure. Sitting on a large, oversized lot with room to breathe, this Tampa Heights gem is perfectly positioned for long-term appreciation. You're just 1 mile from Armature Works, 2 miles from Water Street, and moments from the energy of Downtown Tampa — all while enjoying the charm and community feel of one of the city's most sought-after historic neighborhoods. With over $65,000 in documented improvements invested across recent years — covering kitchens, bathrooms, flooring, appliances, plumbing, electrical, and exterior maintenance — this property has been consistently cared for and is move-in ready. The next chapter of Tampa Heights starts here. It starts with this property.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1964
Lot:
0.13 Acres
Heating:
Central / Electric
Price/sqft:
$364
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$429,999
$339K – $675K
Confidence Low
List vs. estimate
$245K above estimate
List $675,000 · +57.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Price per sq ft
$364
+37.3% vs. city median $265
Based on
11 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$8,226
2025
All facts and features
  • Flooring

    • Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Other interior features

    • Eating Space In Kitchen

    • Kitchen/Family Room Combo

    • Primary Bedroom Main Floor

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Property

    • Exterior Features: Fenced

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: A1329184XD00000200008.1

    • Zoning: RM-24

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Street Lights

    • Water Connected

  • Other financial information

    • Annual tax amount: $8,226

  • Source details

    • MLS ID: TB8502629

    Other facts

    • Construction Materials: Block

    • Foundation Details: Block

    • Laundry Features: Inside / Laundry Closet

    • Living Area: 1852

    • Water Source: Public / Well

    • Lot Size Dimensions: 57 x 107

    • Subdivision Name: CAMPBELLS

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PINEYWOODS REALTY LLC