Skip to content
4615 Hesperides Street, FL
Stellar MLS

$799K

4615 Hesperides Street

Tampa, FL 33614

Listing updated: August 7, 2026 at 1:43 PM ET

Active
Stellar MLSListing courtesy of Blue Peak Realty Llc · Andrew Cutrona · MLS #O6429183 · Active · 727-777-7100
3,700
Building SF
0.26
Acres
7
Units
1944
Built
$215.95
Per SF
Multi-Family 5+7.14% cap rate$215.95/SF360° tour
Multi-Family 5+

Property type

1944

Year built

3,700 SF

Building size

11,135 sqft

Lot size

$215.95

Price / SF

7

Units

IG

Zoning

9

Days on market

Investment & cash flow

7.14%
Cap rate
$57K
NOI / yr
$89K
Gross income (Actual)
$32K
Annual expenses
9.0
GRM
$215.95
Price / SF

Income includes: Rent Only

Figures provided by the listing broker — verify independently.

About this property

A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52 cap rate with immediate cash flow from day one. At just $121,429 per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.

Virtual tour

Facts & features

Property type
Commercial Sale
Sub type
Multi-Family 5+
Status
Active
Days on market
9
Subdivision
Drew Park Re Of
County
Hillsborough
Year built
1944
Building area
3,700 sq ft
Price/sq ft
$215.95
Lot size
11,135 sq ft
Units
7
Buildings
2
Stories
1
Road frontage
Private Road, None
Annual taxes
$6K (2025)
Parcel #
A-05-29-18-3IP-000044-00010.0
Zoning
IG
MLS #
O6429183

Listing details

Listing date
2026-07-29
On market date
2026-07-29
Original list price
$850K
MLS area
33614 - Tampa
Status changed
2026-07-29
Tax legal description
DREW PARK RE PLAT OF LOT 10 BLOCK 44

Location

Directions

Turn left onto W Columbus Dr Pass by Waffle House (on the right in 0.6 mi)Take N Hesperides St to your destination

MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of August 7, 2026 at 1:43 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Licensed Real Estate Broker · MaxLife Realty, LLC · FL Lic. #BK3354351 · Equal Housing Opportunity · Terms · DMCA

Get Market Insights Delivered

Weekly Central Florida CRE updates — cap rates, new listings, market trends, and investment opportunities. No spam, unsubscribe anytime.