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0 Baths
2,000 sqft

$760,000

4615 N HESPERIDES ST, TAMPA FL, 33614

Price per sqft$380.00
Built in1944
Property size2,000 sqft
Property typeCommercial
Courtesy of BLUE PEAK REALTY LLC, Andrew Cutrona  Listing Contact: 727-777-7100

Overview

Active

Listed Jul 29, 2026

Updated 6h ago

BRAND NEW ROOF!! A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52 cap rate with immediate cash flow from day one. At just $108K per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. There is a wait list for rentals in this area and room to increase rents. All units leases are month to month. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.

Additional information

MLS® ID
O6429183

Interior Features

Bathrooms
0
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.26 Acres

Other Property Details

Taxes
$6,351
Tax Frequency
Annually
Association Fee Frequency
Monthly

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tyler Grisley shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 8:55 AM UTC on 10/18/2026. 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.

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