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$799,000
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Property Description
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.
Full Property Details
Full Property Details for 4615 N Hesperides St
General
- Price: $799,000
- Taxes: $6,350 (2025)
- Status: Active
- Type: Commercial
- Source: MidFloridaRegionalMLS
- MLS ID: O6429183
- Updated: 8/7/2026
- Added to Site: 16 day(s) ago
Location
- Area: 33614 - Tampa
- County: Hillsborough
- Development Name: 33614 - Tampa
- Subdivision: DREW PARK RE OF
- Driving Directions: Turn left onto W Columbus Dr Pass by Waffle House (on the right in 0.6 mi)Take N Hesperides St to your destination
Community
- Community Name: 33614 - Tampa
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Structural Information
- # Buildings: 2
- Exterior Const.: Block
- Square Feet: 2,000
- Year Built: 1944
Lot Features
- Lot Size (Acres): 0.26
- Lot Size (Sq. Ft.): 11,135
- Lot Size: 11135
- Lot Dimensions: 85 x 131
- Frontage: Private Road, None
- Street/Road Desc.: Asphalt
Financial Considerations
- Tax Amount: $6,350.75
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: DREW PARK RE PLAT OF LOT 10 BLOCK 44
- Flood Zone Info: X
- APN: A0529183IP00004400010.0
- Property ID: A0529183IP00004400010.0
- Block/Lot/Section: 44
Listed by Blue Peak Realty Llc
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Schools
Schools serving 4615 N Hesperides St
School District:Hillsborough County School District
| Name | Grades | Distance |
|---|---|---|
Tampa Bay Boulevard Elementary School 3111 West Tampa Bay Boulevard, Tampa, FL 33607 | PK-5 | 1.7 mi |
Pierce Middle School 5511 North Hesperides Street, Tampa, FL 33614 | 6-8 | 0.9 mi |
Leto High School 4409 West Sligh Avenue, Tampa, FL 33614 | 9-12 | 1.8 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 4615 N Hesperides St
Date
Details
Price
Change
Source
8/07/2026
Price Reduced
$799,000
-6%
MLS
7/29/2026
Listed
$850,000
100%
MLS
6/17/2024
Sold
$425,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4615 N Hesperides St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,351
16%
$301,725
—
2024
$5,493
6%
$302,101
3%
2023
$5,171
59%
$294,670
82%
2021
$3,256
-31%
$161,718
-38%
2022
$4,727
45%
$261,242
74%
2021
$3,256
18%
$149,918
29%
2019
$2,771
20%
$116,037
7%
2018
$2,312
8%
$108,951
7%
2017
$2,146
7%
$101,807
17%
2016
$1,997
15%
$87,180
10%
2015
$1,731
14%
$79,255
12%
2014
$1,519
-1%
$70,836
1%
2013
$1,534
—
$70,241
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4615 N Hesperides St
4615 N Hesperides Street, Tampa, FL 33614 (MLS# O6429183) is a Commercial property. 4615 N Hesperides Street is currently listed for $799,000 and was received on July 29, 2026. Want to learn more about 4615 N Hesperides Street? Do you have questions about finding other Commercial real estate for sale in Tampa? You can browse all Tampa real estate or contact a Coldwell Banker agent to request more information.

