USAFLTampaBaybridge Rev4513 W Mcelroy Ave
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$850,000

For Sale

15 days ago

4513 W Mcelroy Ave, Tampa, FL

House

MLS® TB8493099

1 Bed

1 Bath

2124 sqft

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  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type 
Levels Residential
Size 2124 sqft
Garage 
Taxes $7,436
Days Active 15
Lot Size 
Approx. Age 1966
Avg. Price Per Sqft $400
MLS® Number TB8493099

Property Address: 4513 W Mcelroy Ave, TAMPA, FL, 33611-3351

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey 4-Unit Investment | STR Approved | Great Opportunity Exceptional income-producing 4-unit multifamily property located in a highly desirable rental corridor, offering immediate cash flow and strong upside potential. Built in 1966 with solid concrete block construction, this property features 2, 124 SF of heated space on a 9, 000 SF lot (RM-16 zoning)—ideal for continued short-term rental use or long-term hold strategy. Each unit is efficiently laid out as 1 bed / 1 bath, making it highly attractive for both short-term rental (Airbnb/VRBO) and traditional tenants. The property is already positioned for STR income generation, making it a true turnkey investment. ?? Investment Highlights: • Asking Price: $850, 000 • Projected Cap Rate: 8.7 • Net Operating Income (NOI): ~$73, 950/year • Estimated Gross Income: ~$105, 000+/year (STR optimized) • Low-maintenance concrete block construction • Individually rentable units = diversified income stream ?? Property Features: • Concrete block exterior + stucco finish • Gable/hip roof with asphalt shingles • Wood flooring & drywall interiors • 4 total units (multifamily layout) • On-site additional storage (shed) • Functional layout ideal for maximizing nightly rates ?? Location & Upside: Situated in a high-demand rental area with strong tourism and local workforce demand, this property offers: • Immediate STR income potential • Value-add through interior upgrades or branding • Ability to increase ADR and occupancy with professional management • Long-term appreciation in a growing Tampa submarket
MLS® NumberTB8493099
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1966
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Other:First FloorNot available
Other:First FloorNot available
Kitchen:First FloorNot available
Living Room:First FloorNot available

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 9, 2026List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
4513 W Mcelroy Ave, Tampa, FL

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