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236 W NORTH St

tampa, FL 33604

$1,200,000

  • 6 BR
    4 BA
    approx. 2,713 SF

Interested? Let's Connect

Value-Add Quadplex with Short-Term Rental Upside – Tampa Investment Opportunity

Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing.

Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa’s strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors.

Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers.

Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations.

Investment Highlights
• 4-unit multifamily property
• Strong value-add opportunity
• Ideal for Airbnb / VRBO / furnished rentals
• High-demand Tampa rental market
• Excellent location near major attractions and employment hubs
• Projected double-digit cap rate potential after value-add

This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida’s fastest-growing markets.

Details

2,713 Sq Ft

5,490 Sq Ft Lot Size

single family home

$925 Monthly Tax

Built in 1925

MLS/Listing ID TB8483186

2 Stories

Amenities & Features

Ceiling Fans

Shingle

Cooling - Central Air

Storage

Rain Gutters

Balcony

Awnings

Tile

Hardwood

Slab

Unfurnished

High Ceilings

Laundry Room

Cooling - Wall/window unit(s)

Construction - Wood Siding

Convection Oven

Cooktop

Dishwasher

Disposal

Dryer

Electric Water Heater

Microwave

Washer

Irrigation System

Rain Barrel/Cistern(s)

Porcelain Tile

Crawlspace

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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