
$760,000
4615 Hesperides StreetTampa, FL 33614
Listing updated: October 17, 2026 at 10:59 AM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
BRAND NEW ROOF!! A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52 cap rate with immediate cash flow from day one. At just $108K per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. There is a wait list for rentals in this area and room to increase rents. All units leases are month to month. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.
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 history59 days on market
- Status: ActiveOct 17, 2026
- Listed$850,000Jul 29, 2026
- Price reduced$760,000
Facts & features
- Property type
- Commercial Sale
- Sub type
- Multi-Family 5+
- Status
- Active
- Days on market
- 59
- Subdivision
- Drew Park Re Of
- County
- Hillsborough
- Year built
- 1944
- Living area
- 2,000 sq ft
- Price/sq ft
- $205
- Building area
- 3,700 sq ft (Owner)
- Lot size
- 11,135 sq ft
- Lot category
- 1/4 to less than 1/2
- Flood zone
- X
- Annual taxes
- $6,351 (2025)
- Parcel #
- A-05-29-18-3IP-000044-00010.0
- Zoning
- IG
- MLS #
- O6429183
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Heating & Cooling
- Cooling
- Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- Ownership
- Fee Simple
Exterior & Construction
- Construction materials
- Block
- Foundation
- Block
- Road surface
- Asphalt
Listing Details
- Listing date
- 2026-07-29
- On market date
- 2026-07-29
- Original list price
- $850,000
- MLS area
- 33614 - Tampa
- Listing AOR
- Orlando Regional
- Status changed
- 2026-10-17
- Tax legal description
- DREW PARK RE PLAT OF LOT 10 BLOCK 44
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Turn left onto W Columbus Dr Pass by Waffle House (on the right in 0.6 mi)Take N Hesperides St to your destination
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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 October 17, 2026 at 10:59 AM 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.
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