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2004 E 15TH AVENUE Tampa, FL $ 1,500,000
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2004 E 15TH AVENUE
$ 1,500,000
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2004 E 15TH AVENUE

Tampa, FL, 33605
$ 1,500,000
Bedrooms16 Baths8.0 Sq 5,160

Monthly Estimate*

$ 9,358

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Multi-Family Home for sale in Tampa, FL

for $1,500,000 with 16 bedrooms and 8 full baths. This 5,160 square foot home was built in 1953 on a lot size of 0.48.

Financial Summary • Purchase Price: $1,500,000 • Net Operating Income (NOI): $132,671.65 • Annual Debt Service: $45,508.90 • Cash Flow (Before-Tax): $87,162.75 Investment Metrics Cap Rate 8.85 This is still strong, especially for multifamily in many markets. Typically, anything above 7–8 is attractive. Cash-on-Cash Return - Assuming 20 down payment = $300,000:Cash-on-Cash Return=29.05 This is excellent — high CoC returns like this are uncommon in many real estate markets. Debt Coverage Ratio (DCR)=2.92 Conclusion At a $1.5M price point, this is a robust investment: • 8.85 Cap Rate — solid and above average • 29 Cash-on-Cash Return — very high • Excellent DCR — well above lending safety thresholds. This deal remains highly favorable, with its excellent location, condition, and long-term growth potential.

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

16

Full Bath

8

Property Type

Multi-Family

Taxes

$ 12,530

Style

Multi Family

Lot Size

0.48

Year Built

1953

Town/City

Tampa

County/Region

Hillsborough

MLS | Web ID

O6293394
Features
Interior
Interior Amenities ceiling fan(s) eating space in kitchen
Flooring engineered hardwood tile
Furnished Y/N unfurnished
Air Conditioning Y/N yes
Heating Y/N yes
Window Features aluminum frames
Fireplace Y/N no
Laundry Features in kitchen inside
Total Bedrooms 16
Total Baths 8
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General
Sewer public sewer
Heating electric
Cooling mini-split unit(s)
Utilities cable available electricity connected fiber optics sewer connected water connected
Possession close of escrow
Roof shingle
Appliances dryer electric water heater exhaust fan range refrigerator washer
Zoning yc-2
Patio/Porch Features front porch patio
Construction Materials block stucco
Pets Allowed yes
Year Built 1953
Tenant Pays electricity sewer water
Levels one
Property Subtype multi family
Tax Year 2024
Ownership fee simple
Gross Income 150696
County hillsborough
New Construction no
Property Type residential income
HOA N
Attached Garage no
Subdivision Name ybor city plan of an add
Garage Y/N no
Status active
Directions from i-4 take exit one and drive to fl-585 n/n 22nd st. turn left on 15th avenue. the duplexes will be on your left.
High School middleton-hb
City tampa
Senior Community Y/N no
Number Of Units Total 8
MLS Area 33605 - tampa / ybor city
Lot Size Units square feet
Lot Size Square Feet 20320
Carport Y/N no
Listing Terms assumable cash conventional trade fha private financing available
Elementary School booker t. washington-hb
Property Attached Y/N yes
Land Lease Y/N no
Tax Annual Amount 12530
Middle/Junior High School stewart-hb
Property Condition completed
Ok to Lease 12 months
Additional Parcels Y/N no
Virtual Tour https://www.propertypanorama.com/instaview/stellar/o6293394
Building Area Units square feet
Living Area Units square feet
Standard Status active
Tax Lot 6
Total Actual Rent 12558
Legal Description ybor city plan of an addition e 26 ft of lot 6 1/2 & lots 7 7 1/2 8 & 8 1/2 & w 2 ft of lot 9 block 124
Water Access Y/N no
Water View Y/N no
Flood Zone Code x
DockY/N no
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Exterior
Exterior Amenities fenced private mailbox
Parking Features off street
Lot Features city lot near public transit oversized lot
Water Source public
Lot Size Area 20320
Foundation Details slab
Number of Buildings 4
Building Area Total 5448
Lot Dimensions 160 x 127
Lot Size Acres 0.48
Road Surface Type paved
Private Pool no
Waterfront Y/N no
Road Frontage Type street paved
Road Responsibility public maintained road
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Internal Only
Street Number 1 2004
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* Excluded Features
List By
Sand Dollar Realty Group Inc

Broker

sdr.isabel@gmail.com

Email

Affordability Calculator

$10,402
Per Month
90%
10%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$1,044
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3326283 Elementary School
4602903 Middle School
Middleton-HB High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/1/2025$1,500,000 Listed Price

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2004 E 15TH AVENUE, Tampa, FL, 33605 is a Multi-Family Home for sale at $1,500,000 with 5,160 sqft and a lot size of 0.48. 2004 E 15TH AVENUE has 16 bedrooms, 8.0 baths, and was built in 1953. The property's zip code is 33605 which is in Tampa, FL

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