4513 Mcelroy Avenue, FL
Stellar MLS

$850,000

4513 Mcelroy Avenue

Tampa, FL 33611

Active
1
Bed
1
Bath
2,124
Sq Ft
0.21
Acres
1966
Built
$400/sqft360° tour
Half Duplex

Property type

1966

Year built

9,000 sqft

Lot size

$400

Price / sq ft

No HOA

HOA dues

0

Days on market

AE

Flood zone

About this home

Turnkey 4-Unit Investment | STR Approved | Great Opportunity Exceptional income-producing 4-unit multifamily property located in a highly desirable rental corridor, offering immediate cash flow and strong upside potential. Built in 1966 with solid concrete block construction, this property features 2,124 SF of heated space on a 9,000 SF lot (RM-16 zoning)—ideal for continued short-term rental use or long-term hold strategy. Each unit is efficiently laid out as 1 bed / 1 bath, making it highly attractive for both short-term rental (Airbnb/VRBO) and traditional tenants. The property is already positioned for STR income generation, making it a true turnkey investment. ?? Investment Highlights:     •    Asking Price: $850,000     •    Projected Cap Rate: 8.7     •    Net Operating Income (NOI): ~$73,950/year     •    Estimated Gross Income: ~$105,000+/year (STR optimized)     •    Low-maintenance concrete block construction     •    Individually rentable units = diversified income stream ?? Property Features:     •    Concrete block exterior + stucco finish     •    Gable/hip roof with asphalt shingles     •    Wood flooring & drywall interiors     •    4 total units (multifamily layout)     •    On-site additional storage (shed)     •    Functional layout ideal for maximizing nightly rates ?? Location & Upside: Situated in a high-demand rental area with strong tourism and local workforce demand, this property offers:     •    Immediate STR income potential     •    Value-add through interior upgrades or branding     •    Ability to increase ADR and occupancy with professional management     •    Long-term appreciation in a growing Tampa submarket

Estimated monthly payment

Principal & interest$4,298
Property taxes$620
Home insurance (est.)$390

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history0 days on market

  1. Status: Active
    Apr 9, 2026
  2. Listed$850,000
    Apr 9, 2026
  3. Price increased$850,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Half Duplex
Status
Active
Days on market
0
Subdivision
Baybridge Rev
County
Hillsborough
Year built
1966
Living area
2,124 sq ft
Price/sq ft
$400
Lot size
9,000 sq ft
Lot category
0 to less than 1/4
Flood zone
AE (12057C0344J)
Annual taxes
$7,436 (2025)
Parcel #
A-08-30-18-3XJ-000020-00009.1
Zoning
RM-16
MLS #
TB8493099

Interior Details

Bedrooms
1
Full bathrooms
1
Flooring
Laminate
Appliances
Cooktop, Dishwasher, Microwave
Interior features
Primary Bedroom Main Floor
Laundry
None
Stories / Levels
One
Direction faces
West

Heating & Cooling

Heating
Ductless
Cooling
Mini-Split Unit(s)

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Listing terms
Cash, Conventional, Other
Ownership
Fee Simple
Available for lease
No

Exterior & Construction

Exterior features
Private Entrance
Construction materials
Block, Stucco
Roof
Shingle
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
None
Utilities
Cable Connected

Room Details

RoomLevelDimensions
Primary BedroomFirst
KitchenFirst
Living RoomFirst
Primary BathroomFirst

Listing Details

Listing date
2026-04-06
On market date
2026-04-09
Original list price
$850,000
Occupant type
Tenant
MLS area
33611 - Tampa
Listing AOR
Suncoast Tampa
Status changed
2026-04-09
Tax legal description
BAYBRIDGE REVISED W 60 FT OF E 80 FT OF LOT 9 BLOCK 20

Flood risk

High riskFEMA Zone AEPanel 12057C0344J

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

From I-275, take Exit 42 toward Armenia Ave. Head south on N Armenia Ave, then turn right onto W Bay to Bay Blvd. Continue west and turn left onto S Manhattan Ave. Turn right onto W McElroy Ave — property will be on your left.

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 9, 2026 at 7:03 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA