Excellent Value-Add Triplex Near USF – NEW PRICE BELOW Appraised Value!!!
(Appraised 11/2024 at $455,000)
Here’s a rare opportunity to acquire a cash-flowing triplex in one of Tampa’s strongest rental corridors—with one unit vacant and ready for immediate occupancy or higher rents.
Current Performance
Unit A (Middle – 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C.
Unit B (Right – 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C.
Unit C (Left – Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh.
Current monthly income from leased units: $3,150
Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross.
Investor Advantages
Association covers water, sewer, and trash (single community meter) — a meaningful reduction in operating expenses.
Each unit is individually metered for electricity, so tenants pay their own power.
Mix of unit sizes attracts students, young professionals, medical workers, and small families.
Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275.
Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location—and it’s priced below its recent appraisal.
Perfect for 1031 exchanges or portfolio expansion.
(Appraised 11/2024 at $455,000)
Here’s a rare opportunity to acquire a cash-flowing triplex in one of Tampa’s strongest rental corridors—with one unit vacant and ready for immediate occupancy or higher rents.
Current Performance
Unit A (Middle – 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C.
Unit B (Right – 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C.
Unit C (Left – Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh.
Current monthly income from leased units: $3,150
Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross.
Investor Advantages
Association covers water, sewer, and trash (single community meter) — a meaningful reduction in operating expenses.
Each unit is individually metered for electricity, so tenants pay their own power.
Mix of unit sizes attracts students, young professionals, medical workers, and small families.
Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275.
Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location—and it’s priced below its recent appraisal.
Perfect for 1031 exchanges or portfolio expansion.
Property Details
Price:
$440,000
MLS #:
TB8466971
Status:
Active
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
Triplex
Subdivision:
HAMNERS W E HOMESTEAD ACRES
Neighborhood:
33612tampaforesthills
Listed Date:
Jan 27, 2026
Finished Sq Ft:
1,656
Lot Size:
11,022 sqft / 0.25 acres (approx)
Year Built:
1965
Units:
3
See this Listing
Schools
Elementary School:
Miles-HB
Middle School:
Liberty-HB
High School:
Freedom-HB
Interior
Cooling
Wall/Window Unit(s)
Heating
Wall Units / Window Unit
Interior Features
Window Treatments
Laundry Features
Laundry Closet
Exterior
Construction Materials
Concrete
Exterior Features
Fenced, Lighting, Sidewalk
Lot Features
Cul-De-Sac
Roof
Shingle
Financial
HOA Fee
$273
HOA Fee Frequency
Monthly
HOA Name
MicroHOA
HOA Phone
844-585-2723
Tax Year
2024
Taxes
$5,258
Map
Community
- Address1403 COLLEGE PARK LANE TAMPA FL
- SubdivisionHAMNERS W E HOMESTEAD ACRES
- CityTAMPA
- CountyHillsborough
- Zip Code33612
Subdivisions in TAMPA
Market Summary
Current real estate data for Multi Family in TAMPA as of Aug 29, 2026
93
Multi Family Listed
123
Avg DOM
290
Avg $ / SqFt
$776,791
Avg List Price
Property Summary
- Located in the HAMNERS W E HOMESTEAD ACRES subdivision, 1403 COLLEGE PARK LANE TAMPA FL is a Multi Family for sale in TAMPA, FL, 33612. It is listed for $440,000 To schedule a showing of MLS#tb8466971 at 1403 COLLEGE PARK LANE in TAMPA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of DALTON WADE INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 1403 COLLEGE PARK LANE
TAMPA, FL