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10 Unit Multi-Family Investment Property 8413 N Hamner Ave 10 Unit Apartment Building $995,000 ($99,500/Unit) 8.35% Cap Rate Tampa, FL 33604
Investment Highlights
- Fully occupied 10-unit multifamily property with consistent collections and immediate in-place income
- 9/10 units updated — limits near-term capital expenditure requirements
- Opportunity to increase NOI through management efficiencies, ancillary income (laundry), and gradual rent alignment
- Unit mix: (1) 2BR/1BA, (1) 1BR/1BA, (8) studios with kitchens & baths
- Combination of metal and shingle roofs; central air, mini-split, and wall/window units
- Leak detection systems and mixed roofing/HVAC systems in place to help mitigate operational risk
Executive Summary
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $995,000 | Building Class | C |
| Price Per Unit | $99,500 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 3,309 SF |
| Cap Rate | 8.35% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1946/2005 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RS-60 - Multi Family Dwelling | ||
| Price | $995,000 |
| Price Per Unit | $99,500 |
| Sale Type | Investment |
| Cap Rate | 8.35% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 3,309 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2005 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | RS-60 - Multi Family Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $900.00 | 228 |
| 1+1 | 1 | $1,100 | 600 |
| 2+1 | 1 | $1,800 | 885 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | A-24-28-18-3EO-000003-00033.0 | Total Assessment | $223,300 |
| Land Assessment | $100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $223,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
A-24-28-18-3EO-000003-00033.0
Land Assessment
$100
Improvements Assessment
$223,200
Total Assessment
$223,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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10 Unit Multi-Family Investment Property | 8413 N Hamner Ave