TAMPA, FL 33604 236 W NORTH STREET

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Presented By: with . - 813-940-0101
  • MLS# TB8483186
  • 03/01/2026
  • Request Tour
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  • Beds • 6
  • Baths • 4
  • SQFT • 2,713

Home Details

Value-Add Quadplex in Seminole Heights | Hybrid Income Strategy Exceptional investment opportunity in the heart of Seminole Heights, one of Tampa’s fastest-growing and most desirable neighborhoods. This 4-unit multifamily property offers immediate cash flow with significant upside through a proven hybrid rental model. The property consists of: • Unit A: 2BR/1BA • Unit B: 1BR/1BA (currently operating as an Airbnb) • Unit C: 2BR/1BA • Unit D: 1BR/1BA Units A, C, and D are leased under annual agreements, providing stable in-place income, while Unit B is actively operated as an Airbnb, creating additional revenue potential and operational flexibility. The property is currently generating approximately $98,345 in annual NOI, representing an 8.94% in-place cap rate at the current asking price of $1,100,000. Investors may realize additional upside through rental optimization, furnished rentals, or expanded short-term rental operations, subject to local regulations. Situated on a prominent corner lot in Seminole Heights, the property is conveniently located near Downtown Tampa, Ybor City, Armature Works, Raymond James Stadium, Midtown Tampa, I-275, and Tampa International Airport. Its proximity to major employment centers, entertainment districts, and the Hillsborough River supports strong demand from residents, business travelers, and visitors alike. Investment Highlights: ? 4 Income-Producing Units ? Three Annual Leases in Place ? One Active Airbnb Unit ? Approximately $98K+ Annual NOI ? 8.94% In-Place Cap Rate ? Pro Forma Cap Rate Exceeding 11% ? Walk-to-River Location ? Hybrid Long-Term / Short-Term Rental Strategy ? Prime Seminole Heights Location Whether seeking stable cash flow, value-add potential, or a hybrid investment strategy, 236 W North Street presents a rare opportunity to acquire a high-performing multifamily asset in one of Tampa Bay’s strongest growth markets. Offered at $1,100,000. Financials available upon request.
Presented By: with . - 813-940-0101

Interior Features for 236 W NORTH STREET

Bedrooms

Total Bedrooms6

Bathrooms

Half Baths0
Total Baths4

Other Interior Features

LivingAreaSourcePublic Records
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringPorcelain Tile, Tile, Hardwood
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesCeiling Fan(s), High Ceilings
Laundry FeaturesLaundry Room
Total Stories2

General for 236 W NORTH STREET

Additional Parcels Y/NNo
AppliancesConvection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Washer
Building Area UnitsSquare Feet
Carport Y/NNo
CityTAMPA
Construction MaterialsWood Siding
CoolingCentral Air, Wall/Window Unit(s)
CountyHillsborough
DirectionsDirections     1.    Start in Downtown Tampa heading north on N Florida Ave.     2.    Continue straight on N Florida Ave for about 3.5 miles.     3.    Turn left onto W North St.     4.    Continue for a short distance — 236 W North St will be on your left. Alternate Route (via I-275)     1.    From Downtown Tampa, get on I-275 North.     2.    Take Exit 47B – Hillsborough Ave East.     3.    Turn left onto N Florida Ave.     4.    Turn right onto W North St.     5.    Property will be on the left. ?? The property is located in the Seminole Heights / South Seminole Heights area, one of Tampa’s fastest growing neighborhoods with strong rental demand.
Facing DirectionEast
Flood Zone Codex
Flood Zone Code XY
Full Baths4
Garage Y/NNo
HeatingCentral
Land Lease Y/NNo
Lease Considered Y/NYes
Legal DescriptionNORTH PARK ANNEX LOT 577
LevelsTwo
Living Area UnitsSquare Feet
Lot Size Square Feet5490
Lot Size UnitsSquare Feet
MLS Area33604 - Tampa / Sulphur Springs
Minimum Lease6 Months
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Property SubtypeSingle Family Residence
Property TypeResidential
RoofShingle
STELLAR_InLawSuiteYNNo
Senior Community Y/NNo
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNORTH PARK ANNEX
Tax Annual Amount11096.61
Tax Lot577
Tax Year2025
Total Rooms4
UtilitiesCable Available, Natural Gas Connected
Virtual TourClick here
Water Access Y/NNo
Water View Y/NNo
Year Built1925
ZoningSH-RS

Exterior for 236 W NORTH STREET

Building Area Total5663
Exterior AmenitiesAwning(s), Balcony, Irrigation System, Rain Barrel/Cistern(s), Rain Gutters, Storage
Foundation DetailsCrawlspace, Slab
Lot Dimensions45 x 122
Lot Size Acres0.13
Lot Size Area5490
Private PoolNo
Road Surface TypeAsphalt, Concrete
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Heriberto Rios

Realtor®
Price $1,100,000
MLS#TB8483186
List Date 03/01/2026
Property Type Single Family
Phone 954.646.3222
Request Tour
Request Info
Visit My Website

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