Commercial Sale · Multi Family (5+)
4615 N HESPERIDES STREET, TAMPA, FL, 33614
Active21 days on marketListed Jul 29, 2026MLS #O6429183
About this property
The property at a glance
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.
3,700
Building sq ft
$216
Price / sq ft
0.26
Lot acres
1944
Year built
7
Units
2
Buildings
IG
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
7.1%
Cap rate
$57,057
Net operating income
$88,800
Gross income (yr)
$114,143
Price / unit
7
Units
Estimated payment (illustrative)
Estimated payment
$4,282/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Darrick to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
1,127
Population
$41,181
Median income
40
Median age
2
Avg household
$898/mo
Median rent
101
Households w/ kids
Consumer profile
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Workout clothes aren't just for working out anymore. This population enjoys wearing name-brand athletic apparel for fashion and functional purposes.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
From tryouts and casual pick-up games, to varsity tournaments and intramural matches, this population includes people who participate in organized athletics. Often through schools or public recreational areas.
These folks have their head in the game. Whether it's creating a card game tournament with friends or cheering on the home team, these people want to win.
Passionate about strength training, this population relies heavily on the encouragement of the exercise community. While these people seek the latest fitness techniques, they're also interested in supplements and equipment.
Recent sales
What actually sold near 4615 N HESPERIDES STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,875,000
408 and 410 S TAMPANIA
3,120 sqft · $601/sqft · Sold Jan 29, 2026
$950,000
106 S DELAWARE AVENUE
3,860 sqft · $246/sqft · Sold Apr 6, 2026
$1,010,000
3019 W AZEELE STREET
2,030 sqft · $498/sqft · Sold Aug 28, 2025
Your team
The pros in your corner
Your agent
Darrick Cook
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 4615 N HESPERIDES STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 4615 N HESPERIDES STREET.
See it in person
Schedule a tour
Live availability from Darrick's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of BLUE PEAK REALTY LLC · Andrew Cutrona. MLS #O6429183.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New TAMPA listings, in your inbox
A daily digest of every new listing in TAMPA — straight from the MLS, hours after it goes live. Unsubscribe anytime.