Multifamily Property for Sale in Tampa, FL

  • Price: $995K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Tampa, FL 33604
  • Size: 3,309 SF
  • Year built: 1946

Description

KW Commercial Tampa Properties is pleased to present 8413 N. Hamner Ave, Tampa, FL 33604, a 10-unit multifamily investment generating immediate cash flow at an 8.35% cap rate on a current in-place NOI of $83,099. The property is fully occupied with consistent collections and a diverse tenant base. All 10 units are fully self-contained with private kitchens and bathrooms. A new owner steps into stabilized income on day one with clear upside through rent alignment, management efficiencies, and ancillary income opportunities such as on-site laundry. Located in Flood Zone X — no flood insurance required. Unit Mix (1) Two-bedroom / one-bath main home with whole-house water filtration system (1) One-bedroom / one-bath attached unit (8) Self-contained studio apartments — each with private kitchen and full bathroom Investment Highlights 8.35% cap rate on in-place NOI — day one cash flow with no stabilization required Flood Zone X — no flood insurance requirement, a meaningful cost advantage in today's Tampa market Fully occupied with proven workforce housing demand in central Tampa Majority of units updated, limiting near-term capital expenditure risk Legally non-conforming multifamily use — grandfathered and protected, allowing a new owner to continue operating as-is without interruption Diverse building systems including metal and shingle roofs with a combination of central air, mini-splits, and wall units Leak detection systems installed throughout for proactive operational risk management Income growth potential through rent alignment, management efficiencies, and ancillary income This property serves Tampa's persistent workforce housing demand and has maintained strong occupancy through market cycles. For investors seeking stabilized cash flow and a clear path to incremental NOI growth without a heavy value-add lift, 8413 N. Hamner Ave offers a compelling entry into the central Tampa multifamily market. Building SF: 3309 | Land Size: 0.26 Ac | Year Built: 1946 | Listi

Market Context

This multifamily in Tampa, FL is listed for sale at $995,000 across 3,309 SF. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1946. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Tampa, FL — <a href="/search/sale/multifamily/florida/tampa">view the full market</a>.

As of Q4 2025, the Tampa multifamily market showed a 10.3% vacancy rate, rents up 1.9% year over year, and cap rates around 5.6%. Source: Www.matthews.com Q4 2025 market report.

Its 8.3% asking cap rate is above the Tampa multifamily market average of about 5.6%, implying a higher yield (and typically more risk or upside) than comparable assets. Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

What is the typical cap rate for multifamily in Tampa?
About 5.6% as of Q4 2025, per Www.matthews.com.
Is the Tampa multifamily market tightening or softening?
Vacancy is around 10.3%, with asking rents rising year over year (Q4 2025).

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