$850,000
4513 Mcelroy Avenue
Tampa, FL 33611
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
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
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
- Status: ActiveApr 9, 2026
- Listed$850,000Apr 9, 2026
- 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
| Room | Level | Dimensions |
|---|---|---|
| Primary Bedroom | First | |
| Kitchen | First | |
| Living Room | First | |
| Primary Bathroom | First |
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
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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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