TAMPA, FL 33604 236 W NORTH STREET
$1,100,000



45 more













































Presented By: with . - 813-940-0101
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®
SQFT • 2,713