$335,000 Multifamily for Sale — 8315 N Semmes St, Tampa, FL 33604, USA

8315 N Semmes St, Tampa, FL 33604, USA

Summary

This is a multifamily property for sale at 8315 N Semmes St, Tampa, FL 33604, USA, listed at $335,000. The property has 2 units, 1,566 square feet, built in 1981. Financials show net operating income of $27,338, a 8.2% cap rate, gross income of $37,200 based on seller figures.

Key facts

Asking price: $335,000
Property type: Multifamily
Cap rate: 8.2%
NOI: $27,338
Gross income: $37,200
Occupancy: 100%
Price / unit: $167,500
Expense ratio: 25.0%
Units: 2
Building SF: 1,566
Lot (acres): 0.12
Year built: 1981
Zoning: RS-50

Description

An 8.16% cap rate in a high-demand Tampa submarket makes this 1981-built duplex a compelling addition to any income-focused portfolio. Priced at $167,500 per door, the asset generates $37,200 in gross annual income and $27,338 in NOI, delivering day-one cash flow with straightforward standard financing available. For investors seeking stabilized returns in one of the nation's most consistently rent-growth-driven metros, this offering checks the fundamental boxes. Tampa's 33604 zip code continues to attract tenant demand driven by the broader market's population growth, employment expansion, and relative affordability compared to coastal Florida alternatives. This two-unit configuration keeps management simple while providing the income redundancy that single-family rentals cannot offer — a practical structure for both seasoned operators and investors building out a core residential portfolio. At $335,000, the basis is competitive for the Tampa market, and the income profile leaves meaningful room for value enhancement through lease renewals or light operational improvements. Investors seeking a clean, low-complexity multifamily position with proven income and a sub-$168K cost per unit will find this asset worth immediate underwriting.