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3921 State St 1,831 SF Specialty Building Offered at $760,000 at a 6.63% Cap Rate in Tampa, FL 33609

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INVESTMENT HIGHLIGHTS

  • block construction completed in 2023
  • duplex with two 2 bed, 2 bath units
  • stainless steel appliance package
  • fully fenced private yard
  • in unit washer and dryer in each unit
  • highly desirable South Tampa location

FINANCIAL SUMMARY (ACTUAL - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $57,000 $31.13
Other Income - -
Vacancy Loss - -
Effective Gross Income $57,000 $31.13
Taxes $5,298 $2.89
Operating Expenses $1,300 $0.71
Total Expenses $6,598 $3.60
Net Operating Income $50,402 $27.53

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual $57,000
Annual Per SF $31.13
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $57,000
Annual Per SF $31.13
Taxes
Annual $5,298
Annual Per SF $2.89
Operating Expenses
Annual $1,300
Annual Per SF $0.71
Total Expenses
Annual $6,598
Annual Per SF $3.60
Net Operating Income
Annual $50,402
Annual Per SF $27.53

PROPERTY FACTS

Price $760,000
Price Per SF $415.07
Sale Type Investment
Cap Rate 6.63%
Property Type Specialty
Property Subtype
Residential Income
  • Multifamily Apartments
Building Class C
Building Size 1,831 SF
No. Stories 1
Year Built 2023

AMENITIES

  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector
Walk Score®
Very Walkable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 39113348

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 3921 State St, Tampa, FL 33609

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