Hamner Avenue Apartments — Sale in Tampa, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tampa, FL 33604

Photos

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Investment Figures

Cap rate
6.01%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Fully Occupied 10-Unit Community: Stabilized North Tampa multifamily complex with 100% occupancy Investment Highlights: • Fully Occupied 10-Unit Community: Stabilized North Tampa multifamily complex with 100% occupancy • 9 of 10 Units Renovated: Majority of the property has been upgraded, providing a strong in-place income base with additional upside through remaining unit renovations and rent growth • Priced Below Recent Comparable Sales: Pricing is about 31% below the $138,420/unit sales comp average • Property Improvements: Recent capital improvements include updated plumbing and electrical systems, upgraded drain lines, porcelain tile flooring, renovated kitchens and bathrooms, and new setting foundations • Property-Wide Leak Detection System: Water systems are equipped with vibration-based leak detection devices designed to identify potential leaks and help mitigate water-related issues • Efficient Unit Mix: Property consists of eight self-contained studios, one 1-bedroom/1-bathroom unit, and one 2-bedroom/1-bathroom unit, each featuring private kitchens and bathrooms • Proximity to Tampa's Major Employment Centers: Convenient access to Downtown Tampa, Westshore, and key workforce corridors supporting long-term rental demand

Market Context

This multifamily in Tampa, FL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Tampa, FL — view the full market.

As of Q4 2025, the Tampa multifamily market showed a 10.3% vacancy rate, average asking rents near $1818.00/unit/mo, and cap rates around 5.7%. Source: multiple brokerage reports, Q4 2025.

Its 6.0% asking cap rate is above the Tampa multifamily market average of about 5.7%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Tampa?
About 5.7% as of Q4 2025, per multiple brokerage reports.
Is the Tampa multifamily market tightening or softening?
Vacancy is around 10.3% (Q4 2025).

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