Oaks of Woodland Park - Tampa, FL — Sale in Tampa, FL

  • Price: $2K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tampa, FL 33614
  • Size: 444,000 SF
  • Year built: 1985

Photos

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Description

Jones Lang LaSalle (“JLL”) is pleased to exclusively present Oaks of Woodland Park, a 404-unit low-density residential community built in 1985 and located within one of Tampa’s most desirable and established suburbs, Carrollwood. Situated on a serene 34.86-acre site nestled around two ponds, the property features a differentiated two-story wood-frame design with an average unit size of 1,099 square feet which are the largest floorplans in the submarket. The community is currently 92% occupied and 95% leased, achieving an average rent of $1,764, or $1.60 per square foot. Anchored within the Carrollwood neighborhood—defined by its mature tree canopy, recreational lakes, and quiet residential character. Oaks of Woodland Park benefits from top-rated schools, the social fabric of Carrollwood Country Club, and convenient access to the Dale Mabry Highway corridor and Lake Carroll. The investment opportunity is spearheaded by an exceptional value-add opportunity, with 79% of units (320 of 404) offering further upside through a targeted interior renovation program. The property currently spans four tiers of finish— classic, partially renovated, 2019-renovated, and fully renovated (2020)—and a new owner can capture meaningful rent premiums by upgrading classic and partially renovated units with white shaker- style cabinetry, vinyl plank flooring, stainless steel appliances, granite countertops, modern lighting, and subway tile backsplashes. These improvements carry the potential to generate approximately $255 in additional monthly rent per unit, representing a substantial uplift to in-place revenue and a clear, executable path to value creation based on a proven renovation premium. Beyond the physical upside, Oaks of Woodland Park is supported by strong location-driven demand fundamentals. The property sits within a 25-minute drive of Tampa Bay’s three largest employment hubs—Downtown Tampa (71,000 employees), the Westshore Business District (102,000 employees), and Gateway

Market Context

This multifamily in Tampa, FL is listed for sale at $1,764 across 444,000 SF. The building dates to 1985. 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.

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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