Hillsborough County recorded 19 qualified multifamily sales at or above $750,000 during the first half of 2026, totaling $133,280,300 across 783 units. Activity accelerated through the period, with 7 sales closing in Q1 against 12 in Q2 and quarterly volume rising from $44.6M to $88.7M. The period’s largest transaction was 17220 Heart of Palms Dr in Tampa, a 379-unit community built in 2002 that traded on June 3, 2026 for $67,500,000, or $178,100 per unit. Two institutional transactions of $10 million or more accounted for $103.9M, roughly 78% of total dollar volume. Excluding those two deals, the remaining 17 sales totaled $29.38M at a median price of $1,020,000 and a median of $221,250 per unit. Small multifamily continued to price at a premium, with 2-4 unit assets averaging $330,647 per unit versus $155,824 for 5+ unit product. Qualified sales reflect arm’s-length transactions as designated by the Hillsborough County Property Appraiser, deduplicated by parcel and filtered to improved multifamily assets priced at $750,000 or above.
| Month | Sales | Total Volume | Avg Price | Avg $/Unit | Avg $/SF |
|---|---|---|---|---|---|
| January | 1 | $1.94M | $1,937,500 | $484,375 | $1,000 |
| February | 2 | $2.07M | $1,034,250 | $161,925 | $216 |
| March | 3 | $4.20M | $1,398,333 | $335,833 | $431 |
| April | 2 | $3.91M | $1,955,000 | $255,625 | $276 |
| May | 5 | $12.80M | $2,560,280 | $260,232 | $349 |
| June | 4 | $4.47M | $1,116,975 | $279,244 | $246 |
| Transaction pace built steadily across the half, with May recording both the highest sale count and the largest ex-institutional volume at $12.80M across 5 closings. Monthly figures exclude the two institutional transactions so the underlying market trend is not masked by single large trades. | |||||
| Type | Sales | Total Vol | Avg $/Unit |
|---|---|---|---|
| Duplex / Triplex / Fourplex | 12 | $13.13M | $330,647 |
| Apartments (10–49 Units) | 5 | $16.25M | $155,470 |
| Apartments (50+ Units) | 2 | $103.90M | $156,708 |
| Submarket | Sales | Volume | Avg $/Unit |
|---|---|---|---|
| Tampa | 14 | $92.04M | $283,849 |
| Temple Terrace | 1 | $36.40M | $135,316 |
| Plant City | 1 | $1.50M | $500,000 |
| Thonotosassa | 1 | $1.29M | $128,850 |
| Brandon | 1 | $1.29M | $128,500 |
| Apollo Beach | 1 | $768K | $191,975 |
| Date | Address | City | Sale Price | Units | $/Unit | $/SF | Yr |
|---|---|---|---|---|---|---|---|
| 01/02/26 | 1902 Watrous Ave | Tampa | $1,937,500 | 4 | $484,375 | $1,000.26 | 1945 |
| 02/04/26 | 4913 E Temple Heights Rd | Tampa | $780,000 | 4 | $195,000 | $240.15 | 1982 |
| 02/18/26 | 10605 Walker Rd | Thonotosassa | $1,288,500 | 10 | $128,850 | $191.37 | 1981 |
| 03/12/26 | 3303 W Barcelona St | Tampa | $1,020,000 | 3 | $340,000 | $361.19 | 1924 |
| 03/12/26 | 5158 C P Keen Rd | Plant City | $1,500,000 | 3 | $500,000 | $683.99 | 1959 |
| 03/17/26 | 11720 N 15th St | Tampa | $1,675,000 | 10 | $167,500 | $248.41 | 1961 |
| 03/30/26 | 11500 Summit West Blvd | Temple Terrace | $36,400,000 | 269 | $135,316 | $130.07 | 1972 |
| 04/03/26 | 3921 W State St | Tampa | $760,000 | 2 | $380,000 | $415.07 | 2023 |
| 04/15/26 | 8731 N 50th St | Tampa | $3,150,000 | 24 | $131,250 | $137.10 | 1983 |
| 05/04/26 | 213 W Warren Ave | Tampa | $948,700 | 4 | $237,175 | $299.09 | 1928 |
| 05/06/26 | 1405 S Lorenzo Ave | Tampa | $8,850,000 | 40 | $221,250 | $312.85 | 1960 |
| 05/14/26 | 803 E Palm Ave | Tampa | $867,700 | 3 | $289,233 | $501.56 | 1902 |
| 05/19/26 | 1510 S Habana Ave | Tampa | $850,000 | 2 | $425,000 | $446.43 | 1948 |
| 05/26/26 | 1201 Mook St | Brandon | $1,285,000 | 10 | $128,500 | $183.99 | 1970 |
| 06/03/26 | 17220 Heart of Palms Dr | Tampa | $67,500,000 | 379 | $178,100 | $147.80 | 2002 |
| 06/05/26 | 2114 Dekle Ave | Tampa | $860,000 | 4 | $215,000 | $188.18 | 1937 |
| 06/05/26 | 2116 Dekle Ave | Tampa | $840,000 | 4 | $210,000 | $183.81 | 1937 |
| 06/05/26 | 1806 W Morrison Ave | Tampa | $2,000,000 | 4 | $500,000 | $434.78 | 1922 |
| 06/29/26 | 1037 Apollo Beach Blvd | Apollo Beach | $767,900 | 4 | $191,975 | $176.98 | 1986 |
| Institutional transactions of $10M or above are included in the log. Total SF reflects heated living area as recorded by the County Property Appraiser; price per square foot is calculated on that basis. | |||||||
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