INVESTOR ALERT – Exceptional Multi-Family Opportunity in Tampa Rare opportunity to acquire TWO Block-Construction DUPLEXES comprising FOUR Total Units on Two Separate Parcels in Tampa’s growing suburban market. Each duplex has its own tax parcel ID, offering flexibility for future individual resale, refinancing, or long-term portfolio optimization. Each unit features a 2-bedroom, 1-bath layout with a dedicated laundry room, fully fenced private yard, and two assigned parking spaces per unit—a highly desirable combination that supports long-term tenant retention. Tenants pay their own utilities, including water and trash, and each duplex is separately metered for water, keeping operating expenses efficient and predictable. Most units are currently leased, providing an immediate and stable income stream. The properties are well maintained, have experienced low vacancy, and are well positioned as workforce housing in a market with sustained rental demand. There is meaningful upside potential through interior updates and rent optimization, offering investors the opportunity to increase cash flow over time while benefiting from solid fundamentals today. Owner-occupant opportunity: A buyer could live in one unit and rent the remaining units, creating the potential to offset housing expenses while building long-term equity. Buyer to verify financing terms and rental income suitability. Not located in a flood zone. Please do not disturb tenants. Showings by appointment only. Additional information available upon request. Don’t miss this opportunity to acquire a strategically located, income-producing multi-family asset with built-in future flexibility in the Tampa market.
Temple Crest, located between the Hillsborough River and Busch Boulevard, is a residential and riverside Tampa neighborhood with mid-century ranch homes and leafy streets. The neighborhood’s character concentrates around the 56th Street and Busch Boulevard corridor, where small storefronts, taquerias, and service shops set a steady, everyday rhythm. Low-slung houses, screened porches, and generous lots shape a practical, lived-in streetscape. River-adjacent pockets and nearby greenways add a calm counterpoint to the main-road bustle. The University of South Florida area and Busch Gardens sit close by, keeping the surroundings active without changing Temple Crest’s low-rise feel. Nearby local staples like Skipper’s Smokehouse, The Florida Aquarium, and Tampa Theatre anchor bigger nights out across the city.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
No notable interior features listed
Bedrooms
Eight bedrooms total
Bathrooms
Bathrooms: Multiple bathrooms (unit-level counts listed under unit types)
Kitchen
Electric range
Refrigerator
Laundry & utility
Indoor laundry room
Electric water heater
Heating & cooling
Central heating
Central air conditioning
Exterior features
Fenced yard
Asphalt road frontage
Two separate lots (two parcels)
Home design
Residential income property (duplex)
One-story
Slab foundation
Parking
Assigned parking
Construction
Block construction
Shingle roof
Utilities
Public water
Public sewer
Electricity connected
Cable available
Water connected
HOA & community
No HOA association
Pets allowed
Financial info
Gross lease terms for tenancy
Tenants pay electricity, water, sewer, and trash collection
Estimated annual market income: $45,500
Annual net income: $65,000
Annual expenses: $19,500
Four rental units total (all 2-bedroom units); four separate water meters
Other
Two buildings on the property
Total living area and building area recorded in public records
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
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Lot width
50 ft.
Lot depth
111 ft.
Lot size
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Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
—
Year built
—
Style
Condo/Co-op
County
Hillsborough County
APN
—
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
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Last updated by owner on May 15, 2026.
RM-16
Multiple-Family Residential Districts
This district provides primarily for low-medium density residential uses, similar to those provided in the RM-12 district, including single-family and two-family developments, at an increased density. Multiple-family development may be permitted through the special use permit procedure.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Golf related
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
10/10 Heat Factor
7 days above 109° expected this year, 25 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Tampa, FL • 33617
Average low and high temperatures (°F)
68
48
74
54
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59
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64
90
71
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91
75
90
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89
73
83
67
79
59
73
54
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
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Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Tampa. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 8726 & 8728 N 48th St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $126,500 and $225,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $127K to $225K.