Jefferson Street Apartments | $1,100,000

2301, North Jefferson Street, Tampa Heights, Tampa, Hillsborough County, Florida, 33602, United States | Updated on July 17, 2025 at 4:06 pm

Featured For Sale New Listing Hot Offer Value Add
2301, North Jefferson Street, Tampa Heights, Tampa, Hillsborough County, Florida, 33602, United States
  • $1,100,000

Investment Highlights

Property Facts

  • Price: $1,100,000
  • Property Size: 3576 SqFt
  • Year Built: 1925
  • Property Type: Multifamily
  • Property Status: For Sale, New Listing
  • Price Per Unit: $137,500
  • Price Per SqFt: $307
  • Proforma Cap Rate: 7.12%
  • Roof: Pitch Shingle
  • Additional Vacant Lot: .05 Acres

Details

Updated on July 17, 2025 at 4:06 pm
  • Price: $1,100,000
  • Property Size: 3576 SqFt
  • Year Built: 1925
  • Property Type: Multifamily
  • Property Status: For Sale, New Listing
  • Price Per Unit: $137,500
  • Price Per SqFt: $307
  • Proforma Cap Rate: 7.12%
  • Roof: Pitch Shingle
  • Additional Vacant Lot: .05 Acres

Description

2301 N Jefferson Street

Tampa, FL 33602

APN: A-13-29-18-4XK-000001-00007.1

APN: A-13-29-18-4XK-000001-00007.2 (VACANT LAND)

Located in the rapidly growing Tampa Heights submarket, this vintage multifamily property offers 8 units with a mix of 4 renovated studios and 4 unrenovated one-bedroom/one-bathroom apartments—ideal for investors seeking both immediate income and long-term upside. Originally built in 1924 and thoughtfully updated in 1974, the property encompasses approximately 3,576 square feet of living space.

Recent capital expenditure upgrades include new plumbing and electrical systems installed within the past five years, ensuring modern utilities and reducing near-term capital expenditure.

VALUE-ADD OPPORTUNITIES:

  • Renovate Remaining Units: Updating the 4 one-bedroom units offers significant upside in both rental income and property valuation.
  • Rental Upside: Current rents are below the Tampa Heights submarket average, offering room for near-term NOI growth.
  • Interior Modernization: Installing modern fixtures, stainless appliances, quartz countertops, and vinyl plank flooring can further increase marketability and reduce turnover.

Vacant Land Included. The offering includes an adjacent .05-acre vacant parcel ideal for:

  • Additional parking to support higher density tenancy
  • Outdoor tenant amenities (courtyard, garden, bike racks)
  • Future development potential for a small dwelling or accessory structure, subject to zoning

Attachment

  • Address 2301 N Jefferson St
  • City Tampa
  • State/county Florida
  • Zip/Postal Code 33602
  • Area Tampa Heights
  • Country United States

Contact Information

View Listings
Eugene “Geno” Cronin

Enquire About This Property

Overview

Property ID: HZA-13-29-18-4XK-000001-00007.1, A-13-29-18-4XK-000001-00007.2
  • Multifamily
  • Property Type
  • 3576
  • SqFt
  • 1925
  • Year Built

Similar Listings

This Offering Memorandum has been prepared by Verdad Commercial Real Estate Services LLC for informational purposes only. It is not intended to be all-inclusive or to contain all the information that a prospective investor may desire in investigating the property. The information contained herein has been obtained from sources deemed reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy or completeness of the information. Prospective investors are encouraged to conduct their own independent investigations and analyses of the property, market conditions, financial projections, and other relevant factors, and to seek appropriate professional advice regarding legal, tax, and financial implications before making any investment decisions. Offers to purchase the property will only be made through written documentation and shall be submitted to Verdad Commercial Real Estate Services LLC directly. Verdad Commercial Real Estate Services retains the exclusive and irrevocable right and authority to sell the property contained herein. Verdad Commercial Real Estate Services reserves the right to amend or replace the information contained herein at any time without notice. This Offering Memorandum may not be reproduced or distributed, in whole or in part, without the prior written consent of Verdad Commercial Real Estate Services LLC. By accepting this Offering Memorandum, the recipient agrees to be bound by the foregoing limitations and any other confidentiality agreements supplied with this document.

Compare listings

Compare
Eugene “Geno” Cronin
  • Eugene “Geno” Cronin
[formidable id=12]
close-link
[formidable id=13]
close-link