TampaTown Apartments — Sale in Tampa, FL
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Tampa, FL 33609
Photos
Investment Figures
- Cap rate
- 6.11%
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
16-unit multifamily community located in affluent South Tampa, Florida Investment Highlights: • 16-unit multifamily community located in affluent South Tampa, Florida • All units recently upgraded to Class 'A' standard, with new quartz countertops and undermount sinks, new white shaker cabinetry, stainless steel appliances with built-in microwave and dishwasher, brus • Asset is 100% occupied in highly constrained submarket • Concrete block construction, with freshly painted exterior • New dimensional shingle roof in 2019 • BBQ/picnic area and on-site laundry facility (on a cancelable profit share) • $120,078 two-mile average household income is 17.57% higher than Florida average • Situated in the heart of South Tampa, the asset affords ease of access to Downtown Tampa, Westshore Business District, Hyde Park Village, Midtown, Water Street Tampa, Interstate 275, and numerous nearby employers, restaurants and retail options
Market Context
This multifamily in Tampa, FL is listed for sale. It is offered at an approximate 6.1% 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 6.1% 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).
Contact
- Ned Roberts, CCIM · (813) 387-4721 · ned.roberts@marcusmillichap.com
- Jason Hague · (813) 387-4754 · jason.hague@marcusmillichap.com
- Robert Lacova Bhat · (786) 522-7092 · robert.bhat@marcusmillichap.com
Explore this market
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