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$440,000

  • For Sale
  • Active
  • Triplex
  • 4 Beds
  • 3 Total Baths
  • 1,656 Sq. Ft.
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Excellent Value-Add Triplex Near USF - NEW PRICE BELOW Appraised Value!!! (Appraised 11/2024 at $455,000) Here's a rare opportunity to acquire a cash-flowing triplex in one of Tampa's strongest rental corridors-with one unit vacant and ready for immediate occupancy or higher rents. Current Performance Unit A (Middle - 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C. Unit B (Right - 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C. Unit C (Left - Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh. Current monthly income from leased units: $3,150 Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross. Investor Advantages Association covers water, sewer, and trash (single community meter) - a meaningful reduction in operating expenses. Each unit is individually metered for electricity, so tenants pay their own power. Mix of unit sizes attracts students, young professionals, medical workers, and small families. Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275. Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location-and it's priced below its recent appraisal. Perfect for 1031 exchanges or portfolio expansion.

Full Property Details for 1403 College Park Ln

General

  • Price: $440,000
  • HOA FEE: $273/month
  • Taxes: $5,257 (2024)
  • Status: Active
  • Type: Triplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: TB8466971
  • Updated: 7/26/2026
  • Added to Site: 205 day(s) ago

Interior

  • Interior Features: Window Treatments

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Laundry Closet

Exterior

  • Exterior Features: Fenced, Lighting, Sidewalk

Location

  • Area: 33612 - Tampa / Forest Hills
  • County: Hillsborough
  • Development Name: 33612 - Tampa / Forest Hills
  • Subdivision: HAMNERS W E HOMESTEAD ACRES
  • Driving Directions: E. Fowler Avenue (east of I-275 & west of Bruce B. Downs), go north on N. 15 Street, left on College Park Lane, property is at the end on the left

School Information

  • Elementary School: Miles-HB
  • Middle School: Liberty-HB
  • High School: Freedom-HB

Community

  • Community Name: 33612 - Tampa / Forest Hills
  • Association: Yes
  • Assoc. Name: MicroHOA
  • Pet Restrictions: Contact HOA. Buyer/buyers agent to verify.

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Wall Units / Window Unit

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Cable Connected, Electricity Available, Electricity Connected, Public, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Concrete
  • Roof: Shingle
  • Square Feet: 1,656
  • Sq. Ft. Source: Public Records
  • Year Built: 1965

Lot Features

  • Lot Size (Acres): 0.25
  • Lot Size (Sq. Ft.): 11,022
  • Lot Size: 11022
  • Frontage: Street Paved
  • Street/Road Desc.: Paved

Financial Considerations

  • Association Fee: $273
  • Assoc Fee Freq.: Monthly
  • Assoc Fee Desc.: Required
  • Tax Amount: $5,257.5
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: HAMNER'S W E HOMESTEAD ACRES PART OF LOT 8 BLOCK 9 DESC AS BEG AT SW COR OF SAI LOT 8 THN N 00 DEG 07 MIN 40 SEC W ALONG W BDRY OF SAID LOT 8 80.00 FT THN N 77 DEG 37 MIN 40 SEC E 102.33 FT THN N 00 DEG 07 MIN 40 SEC W 25.00 FT TO POINT OF INTERSECTI ON WITH N BDRY OF LOT 8 THN E 14.85 FT THN S 00 DEG 07 MIN 40 SEC E 126.93 FT TO POINT OF INTERSECTION WITH S BDRY OF SAID LOT 8 THN W 114.85 FT TO POB
  • Flood Zone Info: X
  • APN: U0728191GND0000000008.4
  • Property ID: U0728191GND0000000008.4
  • Block/Lot/Section: 9

Listed by Dalton Wade Inc

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Listing agent

— 1403 College Park Ln —

  • Dalton Wade Inc

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1403 College Park Ln

School District:Hillsborough County School District
NameGradesDistance
Miles Elementary School
317 East 124th Avenue, Tampa, FL 33612
K-50.9 mi
Liberty Middle School, Tampa, FL
17400 Commerce Park Boulevard, Tampa, FL 33647
6-86.5 mi
Freedom High School, Tampa, FL
17410 Commerce Park Boulevard, Tampa, FL 33647
9-126.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1403 College Park Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/26/2026
Price Reduced
$440,000
-2.22%
MLS
1/27/2026
Listed
$450,000
—
MLS
9/17/2024
Sold
$450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Dalton Wade Inc

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1403 College Park Lane, Tampa, FL 33612 (MLS# TB8466971) is a Triplex property with 4 bedrooms and 0 full bathrooms. 1403 College Park Lane is currently listed for $440,000 and was received on January 27, 2026. Want to learn more about 1403 College Park Lane? Do you have questions about finding other Triplex real estate for sale in Forest Hills? You can browse all Forest Hills real estate or contact a Coldwell Banker agent to request more information.

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