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$1,475,000

1511 140th AvenueTampa, FL 33613

Listing updated: November 10, 2026 at 6:48 AM ET

Active

Listing courtesy of Lipply Real Estate · Eric Leach · MLS #TB8565766 · Active · 727-314-1000

Beds

Baths

5,616

Sq Ft

0.52

Acres

1981

Built

◆$263/sqft◆360° tour

Quadruplex

Property type

1981

Year built

22,794 sqft

Lot size

$263

Price / sq ft

No HOA

HOA dues

Day on market

Flood zone

About this home

EIGHT-UNIT MULTIFAMILY INVESTMENT OPPORTUNITY IN TAMPA'S UNIVERSITY AREA! Situated on approximately 0.52 acres, this property features eight 2-bedroom, 1-bathroom apartments across four separate, single-story concrete-block duplex buildings. Conveniently located near the University of South Florida, major employment centers, shopping, dining, and interstate access, this property offers an attractive opportunity for investors seeking a multifamily asset with significant rental income potential. Current ownership has invested extensively in property improvements, with an emphasis on quality materials, durability, and long-term value. Renovated units feature upgrades such as granite and quartz countertops, tile flooring, beautifully tiled tub surrounds, updated kitchens and bathrooms, and other modern finishes. Additional property improvements include replacement windows in numerous units, attractive black aluminum perimeter fencing, landscaping, and palm trees. Renovation levels and finishes vary by unit. FOUR UNITS CURRENTLY OCCUPIED AND FOUR VACANT, providing the next owner with the flexibility to establish new leases at market rates while benefiting from existing rental income. Current occupied rents total $5,875 per month, with estimated market rental potential of $12,125 per month ($145,500 annually) at full occupancy. Unit A also has a scheduled rent increase during the second year of its lease. Tenants are responsible for their individual electric utilities, while ownership provides water and sewer service. With its solid concrete-block construction, desirable all-2-bedroom unit mix, substantial owner improvements, and opportunity to increase occupancy and rental income, this property presents a compelling investment opportunity in Tampa's University Area. Offering Memorandum, rent roll, and additional financial information available upon request.

Estimated monthly payment

Principal & interest$7,458

Property taxes$1,478

Home insurance (est.)$676

Down payment

20%

$295,000 downRate

6.5%

Term

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 history1 days on market

Status: Active
Nov 9, 2026
Listed$1,475,000
Nov 9, 2026

Property Documents

Documents the listing agent has made public for this property. Free to view and download.

Facts & features

Property type: Residential Income
Sub type: Quadruplex
Status: Active
Days on market: 1
Subdivision: Byars Revision Of Sunnyland Ac
County: Hillsborough
Year built: 1981
Living area: 5,616 sq ft
Price/sq ft: $263
Lot size: 22,794 sq ft
Lot category: 1/2 to less than 1
Flood zone: X
Annual taxes: $17,737 (2025)
Parcel #: U-06-28-19-1GH-000006-00006.0
Zoning: RMC-20
MLS #: TB8565766

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Interior Details

Bedrooms: 16
Flooring: Ceramic Tile
Appliances: Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator
Interior features: Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Solid Surface Counters, Stone Counters
Laundry: None
Stories / Levels: One

Heating & Cooling

Heating: Electric, Ductless
Cooling: Mini-Split Unit(s)

Parking

Garage spaces: 0
Parking features: Common, Guest, Off Street

HOA & Financial

Total monthly fees: None
Total annual fees: None
CDD: No
Listing terms: Cash, Conventional, Trade
Ownership: Fee Simple

Exterior & Construction

Exterior features: Fence, Lighting, Private Mailbox, Private Yard, Sidewalk
Construction materials: Block
Roof: Shingle
Foundation: Slab
Road surface: Asphalt

Utilities

Sewer: Public Sewer
Water source: Public
Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Sewer Connected, Water Connected

Schools

ElementaryMort-HBGreatSchools ↗

MiddleBuchanan-HBGreatSchools ↗

High SchoolFreedom-HBGreatSchools ↗

Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.

Listing Details

Listing date: 2026-11-09
On market date: 2026-11-09
Original list price: $1,475,000
Occupant type: Tenant
MLS area: 33613 - Tampa
Listing AOR: Suncoast Tampa
Status changed: 2026-11-09
Tax legal description: BYARS REVISION OF SUNNYLAND ACRES LOT 6 BLOCK 6

Flood risk

Minimal riskFEMA Zone X

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

From I 275, exit 52. East on Fletcher ave, left onto N15th, right onto E 140th, property will be on the right

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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 November 10, 2026 at 6:48 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.

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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