4511 - 4513 W MCELROY AVENUE
Tampa, FL 33611
$1,500,000
Experience a rare opportunity to acquire an 8-unit income-producing asset in highly-desirable South Tampa neighborhood. Located minutes to MacDill AFB, downtown Tampa, world-class beaches, Tampa International Airport, major hospitals, shopping and dining — this property offers an exceptional blend of location, stability and long-term growth potential. The property consists of eight well-maintained 1-bedroom 1-bathroom residences between two separate buildings. All the major updates have been completed which includes NEW ROOFS on both buildings in 2024. Also all the interiors have been completely updated over the past 12-24 months with brand new kitchens, granite counters, newly tiled bathrooms, updated floors, fresh paint, plus all new fixtures and hardware. This asset is ideal for passive investors, 1031 exchange buyers, private equity groups or wealth-building portfolio owners seeking reliable income in one of Florida’s most resilient rental markets. The property is positioned for continued performance with stable demand drivers and long-term appreciation trends in South Tampa. Opportunities like this are rarely available — a great additional to any portfolio in one of the most sought-after submarkets in the Tampa Bay region. Shown by appointment only. Please do not disturb residents.
Listing Courtesy of: SELLSTATE COASTAL REALTY
813-940-0101
| Listing Id: | TB8566978 |
|---|---|
| List Price: | $1,500,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 8 |
| Bathrooms Full: | 8 |
| Living Area: | 4,248 |
| Tax Annual Amount: | $13,779 |
| Lot Size Square Feet: | 18,000 |
| Lot Size Acres: | 0.42 |
| Waterfront?: | No |
| City: | Tampa |
| County Or Parish: | Hillsborough |
| Subdivision Name: | Baybridge Rev |
| Postal Code: | 33611 |
| Year Built: | 1966 |
| Number Of Units Total: | 8 |
| Additional Parcels?: | Yes |
| Bathrooms Total Integer: | 8 |
| Building Area Source: | Public Records |
| Building Area Total: | 4528 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Foundation Details: | Slab |
| Construction Materials: | Block, Brick |
| Cooling: | Mini-Split Unit(s) |
| Directions: | South on Dale Mabry, West on Gandy Blvd, South on Hesperedis Ave, West On W McElroy Ave, The Buildings Will Be On Your Right |
| Exterior Features: | Basketball Court, Dog Run |
| Furnished: | Negotiable |
| Garage?: | No |
| Heating: | Electric |
| Interior Features: | Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets |
| Laundry Features: | Common Area |
| Levels: | One |
| Listing Contract Date: | 2026-11-12 |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.42 |
| Lot Size Dimensions: | 120x150 |
| Postal Code Plus4: | 3350 |
| MLS Area Major: | 33611 - Tampa |
| MLS Area Major: | 33611 - Tampa |
| Original List Price: | $1,500,000 |
| Other Equipment: | Basketball Court |
| Parcel Number: | A-08-30-18-3XJ-000020-00009.3 |
| Pets Allowed: | Cats OK, Dogs OK, Yes |
| Township: | 30 |
| Road Surface Type: | Paved |
| Roof: | Shingle |
| Tax Year: | 2026 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | A-08-30-18-3XJ-000020-00009.1 |
| Association?: | No |
| Utilities: | Public |
| Water Source: | Public |
| Number Of Lots: | 2 |
| Public Survey Range: | 18 |
| Public Survey Section: | 08 |
| Zoning: | RM-16 |
| Alternate Key Folio Num: | 1319720000 |
| Annual Net Income: | 163200.00 |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 420.66 |
| Calculated List Price By Calcula: | 353.11 |
| Cddyn: | No |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2021-10-07 |
| Flood Zone Panel: | 12057C0344J |
| Green Verification Count: | 0 |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 394.65 |
| Lot Size Square Meters: | 1672 |
| Sdeo yn: | No |
| Total Acreage: | 1/4 to less than 1/2 |
| Total Num Buildings: | 2 |
| Unit Count: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 813-940-0101 |
| Originating System Name : | Stellar MLS |
| Green Energy Generation Yn: | No |
| Fireplace?: | No |
| Pool Private?: | No |
| New Construction?: | No |
| New Construction?: | No |
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Property Last Updated: November 13, 2026 12:40 AM - ET
