
$825,000
4511 Mcelroy Avenue
Tampa, FL 33611
Listing updated: September 1, 2026 at 7:22 PM ET
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this property presents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features **four 1-bedroom, 1-bath units**, providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property features a newer roof, with the full roof replacement that was done in 2022! The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. • Multiple rental strategy options • Strong demand for smaller residential units • Convenient access to Westshore, Gandy and major Tampa thoroughfares • Excellent opportunity for investors seeking income and long-term appreciation potential
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: ActiveSep 1, 2026
- Listed$825,000Sep 1, 2026
- Price increased$825,000
Facts & features
- Property type
- Residential Income
- Sub type
- Quadruplex
- Status
- Active
- Days on market
- 0
- Subdivision
- Baybridge Rev
- County
- Hillsborough
- Year built
- 1966
- Living area
- 2,124 sq ft
- Price/sq ft
- $388
- Building area
- 2,316 sq ft (Public Records)
- Lot size
- 9,000 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12057C0344J)
- Annual taxes
- $7,461 (2025)
- Parcel #
- A-08-30-18-3XJ-000020-00009.3
- Zoning
- RM-16
- MLS #
- TB8544469
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Interior Details
- Bedrooms
- 4
- Interior features
- Ceiling Fans(s)
- Laundry
- None
- Stories / Levels
- One
Heating & Cooling
- Heating
- Other
- Cooling
- Mini-Split Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Basketball Court, Dog Run, Fence, Lighting, Outdoor Grill
- Construction materials
- Block
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Public
Listing Details
- Listing date
- 2026-09-01
- On market date
- 2026-09-01
- Original list price
- $825,000
- MLS area
- 33611 - Tampa
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-09-01
- Tax legal description
- BAYBRIDGE REVISED E 20 FT OF LOT 9 AND W 40 FT OF LOT 10 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
South on Westshore, cross over Gandy, turn east on next street behind Walgreens W. McElroy Ave, Complex on the left side 3 blocks down
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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 September 1, 2026 at 7:22 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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