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Marianne Knowles

marianne@teamknowlestampabay.com +1(813) 720-9201

$1,600,000

Est. payment - /mo

9 Beds

7 Baths

1,372 SqFt

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Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 1,372 sqft

Price per Sqft $1,166

Subdivision Grove Heights

MLS Listing ID TB8449870

Bedrooms 9

HOA Y/N No

Year Built 1902

Annual Tax Amount $4,959

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x120

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

Located in the highly desirable Tampa Heights submarket, 2306 Morgan Street is a well-positioned multifamily asset consisting of two buildings totaling 7 units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex built in 1926, offering a compelling blend of historic charm and modern improvements. The asset features a diverse unit mix comprised of two studios (approximately 343 SF each), one 1-bedroom/1-bath unit (682 SF), and four 2-bedroom/1-bath units (approximately 735 SF each). The property has benefited from recent capital improvements, including a new roof installed within the past 2–3 years, along with additional upgrades and fresh interior and exterior paint, providing strong curb appeal and a low-maintenance ownership profile. Income totals include a combination of market rents and housing assistance payments, offering stable cash flow with upside potential. Several long-term tenants are currently paying below-market rents, creating an opportunity to optimize rents to market levels over time. Additional value-add strategies include implementing utility bill-backs, particularly for water, to further enhance net operating income. Redevelopment or reconfiguration potential may exist, subject to buyer due diligence. Positioned minutes from some of Tampa's most vibrant destinations, residents enjoy easy access to Ybor City's historic nightlife, Downtown Tampa's Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime central location, 2306 Morgan Street stands out as a strong opportunity to own a turn-key multifamily asset in one of Tampa's most in-demand rental corridors.

Location

State FL

County Hillsborough

Community Grove Heights

Area 33602 - Tampa

Zoning RM-24

Interior

Interior Features Other

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Carpet, Linoleum

Fireplace false

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Crawlspace, Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Private Financing Available

Listing Terms Cash, Conventional, FHA, Private Financing Available

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8449870

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Listed by Eddie Serralles SERRALLES GROUP,INC

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Marianne Knowles

+1(813) 720-9201

Realtor; Team Leader of EveryDay Tampa Bay | License ID: SL3419643

Realtor; Team Leader of EveryDay Tampa Bay License ID: SL3419643

2306 N MORGAN ST Tampa, FL 33602

Marianne Knowles

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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