236 W North Street, Tampa, FL 33604
Local realty services provided by:CENTURY 21 Alliance Realty Group
Listed by: eriola goldman
Office: sellstate coastal realty
MLS#:TB8483186
Source:MFRMLS
Price summary
- Price:$1,200,000
- Price per sq. ft.:$211.9
About this home
Value-Add Quadplex with Short-Term Rental Upside – Tampa Investment Opportunity
Prime multifamily investment opportunity in the rapidly expanding Tampa market. This 4-unit property presents investors with a rare chance to acquire a stabilized asset with significant upside through repositioning into short-term rentals (Airbnb/VRBO), furnished rentals, or corporate housing.
Each unit offers an ideal layout for short-term guests, traveling professionals, or extended-stay tenants. Tampa’s strong tourism industry, year-round events, and growing population continue to drive exceptional demand for short-term accommodations, creating a powerful income optimization opportunity for investors.
Strategically located with convenient access to Downtown Tampa, Raymond James Stadium, Midtown, Ybor City, Tampa International Airport, and major highways, the property is well positioned to attract both leisure and business travelers.
Investors have the ability to operate as traditional multifamily or reposition units to short-term rentals to unlock significantly higher revenue potential, with projected performance supporting an estimated cap rate exceeding 10 + after value-add improvements and optimized short-term rental operations.
Investment Highlights
• 4-unit multifamily property
• Strong value-add opportunity
• Ideal for Airbnb / VRBO / furnished rentals
• High-demand Tampa rental market
• Excellent location near major attractions and employment hubs
• Projected double-digit cap rate potential after value-add
This is an excellent opportunity for investors seeking to reposition a multifamily asset into a high-performing short-term rental property in one of Florida’s fastest-growing markets.
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Home facts
- Year built:1925
- Listing ID #:TB8483186
- Added:4 day(s) ago
- Updated:March 10, 2026 at 05:05 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Tile, Wood
- Kitchen Description:Convection Oven, Cooktop, Dishwasher, Disposal, Microwave
- Bedroom Description:High Ceilings
- Basement Description:Crawlspace
- Living area:2,713 sq. ft.
Heating and cooling
- Cooling:Central Air, Wall/Window Unit(s)
- Heating:Central
Structure and exterior
- Roof:Shingle
- Year built:1925
- Building area:2,713 sq. ft.
- Lot area:0.13 Acres
- Construction Materials:Wood Siding
- Exterior Features:Awning(s), Balcony, Rain Barrel/Cistern(s), Rain Gutters
- Foundation Description:Slab
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,200,000
- Price per sq. ft.:$211.9
- Tax amount:$11,097 (2025)
Features and amenities
- Appliances:Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Irrigation Equipment, Microwave, Washer
- Laundry features:Dryer, Laundry Room, Washer
- Amenities:Cable Available, Ceiling Fans(s), High Ceilings, Irrigation Equipment, Natural Gas Connected
- Pool features:Public Pool
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