114 S Bungalow Park Avenue, Tampa, FL 33609
Local realty services provided by:Better Homes and Gardens Real Estate Thomas Group
114 S Bungalow Park Avenue,Tampa, FL 33609
$1,100,000
- 6 Beds
- 5 Baths
- 3,162 sq. ft.
- Multi-family
- Active
Listed by: alexander izikson
Office: richard peters realty llc.
MLS#:TB8491887
Source:MFRMLS
Price summary
- Price:$1,100,000
- Price per sq. ft.:$292.71
About this home
*Attention Developers*: Extremely rare opportunity to acquire two neighboring corner lots being sold together in one of South Tampa’s fastest-growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner’s relocation presents a unique chance to secure two RM-16 zoned multifamily parcels totaling over 12,300 sqft at a compelling basis in a market where new construction townhomes are selling for 850k - 1.2m+ per unit. So what makes this opportunity so special? 1) Two parcels being sold together: 114 S Bungalow Park Ave and 2801 W Cleveland St, each approx. 0.14 acres with RM-16 multifamily zoning. 2) Three existing single and multifamily structures in fair condition, totaling 5 units. Consisting of: one 2 bed / 1 bath single-family home (1064 heated sqft), two duplexes (1 bed / bath units on each side, 4 beds total, 1092 & 1002 heated sqft respectively). 3) Prime potential redevelopment opportunity in a proven townhome corridor. Based on lot size and positioning, approval for 5 sizable townhomes is likely (buyer to verify). 4) Corner lot positioning enhances design flexibility, access, and end-product desirability. 5) Prime location, within the highly sought-after Mitchell-Wilson-Plant school district, and minutes from groceries, shopping, and the dining and nightlife Hyde Park Village, Midtown, Downtown Tampa, and Howard Avenue. Easy access to I-275, Tampa International Airport, University of Tampa, all of South Tampa’s top amenities.
Whether you're looking to redevelop into high-end townhomes, hold for rental income, or execute a phased development strategy, properties offering this level of location, density potential, and flexibility are exceptionally rare. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted....
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Home facts
- Year built:1940
- Listing ID #:TB8491887
- Added:1 day(s) ago
- Updated:March 30, 2026 at 06:38 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Living area:3,162 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Electric
Structure and exterior
- Roof:Shingle
- Year built:1940
- Building area:3,162 sq. ft.
- Lot area:0.28 Acres
- Construction Materials:Block, Frame
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$292.71
- Tax amount:$15,735 (2025)
Features and amenities
- Laundry features:Electric Dryer Hookup, Washer Hookup
- Amenities:Open Floorplan
- Pool features:Public Pool
Parking
- Parking description:1 Car Carport
- Carport spaces:1
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