- 5 beds
- 5 baths
- 2,480 sqft
- 10,800 sqft lot
- $294 per sqft
- 1944 build
- – on site
Incredible Investor Opportunity! Income-producing 5-unit multifamily in the heart of Tampa, located at 3015 W Collins St. Property has not been operated as a traditional investment property—units have been occupied by family members and rented at under-market value, leaving significant upside potential for a new owner to increase income and maximize returns. Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph’s Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street. Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill. Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential. Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units. Why This Property Stands Out: Undervalued Rents – Long-term family occupancy means immediate rent growth opportunity Garage Conversion Potential – Add a 6th unit or ADU Separately Metered Electric – Tenants pay their own utilities Month-to-Month Leases – Flexibility to raise rents or reposition Walk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round. Don't miss this unique multifamily investment opportunity in one of Tampa’s most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.
Last checked:
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Last updated Jun 6, 2025
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MLS# TB8390018 —
The Building
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Year Built:1944
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New Construction:false
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Construction Materials:Block
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Levels:Two
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Roof:Other
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Foundation Details:Slab
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# of Buildings:1
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Building Area Units:Square Feet
Interior
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Interior Features:Ceiling Fan(s)
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Flooring:Ceramic Tile
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Fireplace:false
Room Dimensions
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Living Area:2480
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Living Area Units:Square Feet
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Living Area Source:Public Records
Location
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Directions:From I-275 N, Take exit 42 for Armenia Ave toward Howard Ave, Turn Right onto N Armenia then right onto W Arch St, then right onto W Collins St House at 3015 W. Collins St.
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Latitude:27.975698
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Longitude:-82.492185
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Coordinates:-82.492185, 27.975698
The Property
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Parcel Number:A1029183IZ00003600007.0
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Property Type:Residential Income
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Property Subtype:Multi Family
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Lot Features:Oversized Lot
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Lot Size Acres:0.25
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Lot Size Area:10800
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Lot Size SqFt:10800
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Lot Size Dimensions:100 x 108
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Lot Size Units:Square Feet
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Total Acres:1/4 to less than 1/2
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Zoning:RS-50
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View:false
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Exterior Features:Other
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Water Source:Public
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Road Surface Type:Paved
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Flood Zone Code:X
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Additional Parcels:true
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Additional Parcels Description:n/a
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Lease Restrictions:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (301) 481-0752
- Office phone:
- (813) 264-7754
Taxes
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Tax Year:2024
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Tax Lot:7
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Tax Block:11
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Tax Legal Description:DREW'S JOHN H SUB BLKS 11 TO 13 AND 34 TO 36 LOTS 7 AND 8 BLOCK 36 AND 10 FT CLOSED ALLEY ABUTTIN ON N
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Tax Book Number:4-73
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Tax Annual Amount:$4,715.71
Beds
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Bedrooms Total:5
Baths
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Total Baths:5
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/TB8390018
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Special Listing Conditions:None
Heating & Cooling
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Heating:Wall Units / Window Unit
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Heating:true
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Cooling:Other
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:In Garage
The Community
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Subdivision Name:DREWS JOHN H SUB BLKS 11 TO 1
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Senior Community:false
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Waterview:false
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Water Access:false
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Waterfront:false
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Pool Private:false
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Association:false
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Ownership:Fee Simple
Parking
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Garage:true
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Attached Garage:true
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Garage Spaces:1
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Garage Dimensions:23x26
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Carport:false
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Covered Spaces:1
Extra Units
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# of Units Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/26/25
May 26, 2025
|
Listed / Active | STELLAR_MLS | $730,000 |