1403 College Park Lane, Tampa, FL 33612
Local realty services provided by:Better Homes and Gardens Real Estate Synergy
Listed by: michael brule
Office: dalton wade inc
MLS#:TB8466971
Source:MFRMLS
Price summary
- Price:$440,000
- Price per sq. ft.:$265.7
- Monthly HOA dues:$273
About this home
Excellent Value-Add Triplex Near USF – NEW PRICE BELOW Appraised Value!!!
(Appraised 11/2024 at $455,000)
Here’s a rare opportunity to acquire a cash-flowing triplex in one of Tampa’s strongest rental corridors—with one unit vacant and ready for immediate occupancy or higher rents.
Current Performance
Unit A (Middle – 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C.
Unit B (Right – 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C.
Unit C (Left – Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh.
Current monthly income from leased units: $3,150
Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross.
Investor Advantages
Association covers water, sewer, and trash (single community meter) — a meaningful reduction in operating expenses.
Each unit is individually metered for electricity, so tenants pay their own power.
Mix of unit sizes attracts students, young professionals, medical workers, and small families.
Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275.
Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location—and it’s priced below its recent appraisal.
Perfect for 1031 exchanges or portfolio expansion....
Contact an agent
Home facts
- Year built:1965
- Subdivision & Development:HAMNERS W E HOMESTEAD ACRES
- Listing ID #:TB8466971
- Added:1106 day(s) ago
- Updated:August 14, 2026 at 03:37 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Living area:1,656 sq. ft.
Heating and cooling
- Cooling:Wall/Window Unit(s)
- Heating:Ductless
Structure and exterior
- Roof:Shingle
- Year built:1965
- Building area:1,656 sq. ft.
- Lot area:0.25 Acres
- Lot Features:Cul-de-sac, Paved
- Construction Materials:Concrete
- Exterior Features:Fence, Lighting, Sidewalk
- Foundation Description:Slab
- Levels:1 Story
Schools
- High school:Freedom-HB
- Middle school:Liberty-HB
- Elementary school:Miles-HB
Utilities
- Water:Public, Water Connected
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$440,000
- Price per sq. ft.:$265.7
- Tax amount:$5,258 (2024)
Features and amenities
- Laundry features:Laundry Closet
- Amenities:Cable Available, Cable Connected, Electricity Available, Window Treatments
- Pool features:Public Pool
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