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8720 N 48TH STREET

Multi-family Active With Contract
$599,000

BTC: 9.69255663

ETH: 343.06987400

-$31K (2026/03/18)
86 days
8 bds
1,576 sqft

Overview

Under contract-accepting backup offers. INVESTOR ALERT – Exceptional Multi-Family Opportunity in Tampa Rare opportunity to acquire two block-construction duplexes comprising four total units on two separate parcels in Tampa’s growing suburban market. Each duplex has its own tax parcel ID, offering flexibility for future individual resale, refinancing, or long-term portfolio optimization. Each unit features a 2-bedroom, 1-bath layout with a dedicated laundry room, fully fenced private yard, and two assigned parking spaces per unit—a highly desirable combination that supports long-term tenant retention. Tenants pay their own utilities, including water and trash, and each duplex is separately metered for water, keeping operating expenses efficient and predictable. Most units are currently leased, providing an immediate and stable income stream. The properties are well maintained, have experienced low vacancy, and are well positioned as workforce housing in a market with sustained rental demand. There is meaningful upside potential through interior updates and rent optimization, offering investors the opportunity to increase cash flow over time while benefiting from solid fundamentals today. Owner-occupant opportunity: A buyer could live in one unit and rent the remaining units, creating the potential to offset housing expenses while building long-term equity. Buyer to verify financing terms and rental income suitability. Not located in a flood zone. Please do not disturb tenants. Showings by appointment only. Additional information available upon request. Don’t miss this opportunity to acquire a strategically located, income-producing multi-family asset with built-in future flexibility in the Tampa market.

Location

Details

Type:
Residential Income
Parking:
No Data
Year Built:
1972
Lot:
0.13 Acres
Heating:
Central
Price/sqft:
$380
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$3,529
2024
Pets
Allowed
All facts and features
  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Range

    • Refrigerator

    Other interior features

    • Walk-In Closet(s)

    Bedrooms and bathrooms

    • Bedrooms: 8

  • Property

    • Levels: One

    • Exterior Features: Fenced

    Lot

    • Lot: 0.13 Acres

    Other Property Information

    • Parcel Number: A21281943N00000900025.0

    • Zoning: RM-16

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Duplex

  • Utility

    • Cable Connected

    • Electricity Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Available

    • Water Connected

  • Other financial information

    • Annual tax amount: $3,530

  • Source details

    • MLS ID: TB8471903

    Other facts

    • Construction Materials: Block

    • Foundation Details: Slab

    • Laundry Features: Inside / Laundry Room

    • Living Area: 1576

    • Water Source: Public

    • Lot Size Dimensions: 50 x 111

    • Subdivision Name: DRUID HILLS REV

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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: DALTON WADE INC