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2318 W POWHATAN AVENUE

House Active With Contract
$319,900

BTC: 4.98286604

ETH: 168.13480217

11 days
3 bds
3 ba
1,378 sqft

Overview

Under contract-accepting backup offers. Prime West Tampa Investment Opportunity – 3-Unit Income Property. Looking to add a strong cash-flowing asset to your portfolio? This West Tampa property offers a rare configuration: a single-family home legally set up and functioning as a triplex, all under one electric and water meter, simplifying utilities while maximizing rental potential. The location is unbeatable, just minutes from Tampa International Airport, Downtown Tampa, and Raymond James Stadium, putting tenants close to major employment centers, entertainment, and game-day energy. The property features three units: a 2 bed/1 bath unit with central A/C (approximately 5 years old), a 1 bed/1 bath unit with a window A/C unit, and a studio unit also with a window A/C unit. The property is fully livable in its current condition and generating rental-ready value today, with room to boost returns through cosmetic updates such as fresh paint, flooring, and finishes that could go a long way toward increasing rents and long-term value. The roof was replaced just 2 years ago, offering peace of mind on one of the biggest-ticket items for any investor. As an added bonus, solar panels are already installed on the roof; they are not currently active, and a buyer would need to bring in a solar company to complete the installation and activate the system, but the groundwork is there for a future energy-cost advantage. This is a solid, income-ready opportunity for an investor looking to acquire a multi-unit cash flow property in one of Tampa's most connected corridors, bring your vision for updates and unlock the full upside this property has to give.

Location

Details

Type:
Residential
Parking:
No Data
Year Built:
1960
Lot:
0.14 Acres
Heating:
Central / Electric
Price/sqft:
$232
Cooling:
Central Air / Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$349,000
$215K – $436K
Confidence Low
List vs. estimate
$29K below estimate
List $319,900 · -8.3%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$232
-21.4% vs. city median $295
Based on
53 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$405
2025
All facts and features
  • Flooring

    • Ceramic Tile

    • Laminate

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    • Wall/Window Unit(s)

    Appliances

    • Other

    • Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Other

    Bedrooms and bathrooms

    • Bedrooms: 3

    • Full bathrooms: 3

  • Property

    • Levels: One

    • Exterior Features: Private Entrance / Private Mailbox / Private Yard

    Lot

    • Lot: 0.14 Acres

    Other Property Information

    • Parcel Number: A3528183H000000300019.0

    • Zoning: RS-60

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Cable Available

    • Electricity Connected

    • Public

    • Sewer Connected

    • Water Connected

  • Other financial information

    • Annual tax amount: $405

  • Source details

    • MLS ID: TB8524344

    Other facts

    • Construction Materials: Block / Stucco

    • Foundation Details: Slab

    • Laundry Features: Inside

    • Direction Faces: North

    • Living Area: 1378

    • Water Source: Public

    • Subdivision Name: HAMNERS MARJORY B RENMAH

Private inquiry
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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: TMWRK BROKERAGE LLC