Ohio: 937-907-6777 Florida: 727-300-2111

Property Details

Start of property details

Share this property:
4511 W MCELROY AVENUE
Tampa, FL 33611
FOR
SALE
$825,000
Active
4
Beds
4
Baths
2,124
Sqft
0.21
Acres
1966
Yr. Built
MLS# TB8544469
Cumulative Days on Market: 22 · Includes prior listings · Currently listed since 09/01/26 · Data provided by the MLS.

Property Description

* * TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA! * * Located in a highly desirable South Tampa rental corridor, this property
presents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features * * four 1-bedroom, 1-bath units * * , providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property features a newer roof, with the full roof replacement that was done in 2022!

The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. • Multiple rental strategy options • Strong demand for smaller residential units • Convenient access to Westshore, Gandy and major Tampa thoroughfares • Excellent opportunity for investors seeking income and long-term appreciation potential

Ask a Local Expert

Property Highlights

Property Type
Residential Income
Property Sub Type
Quadruplex
Bedrooms
4
Total Bathrooms
4
Living Area
2,124 Sqft
Price / Sqft
$388
Acres
0.21
Year Built
1966
Cumulative Days On Market
1

Location

Area
33611 - Tampa
City/Township
TAMPA
Subdivision
BAYBRIDGE REV
County
Hillsborough
Zoning
RM-16

Property Details

Price
$825,000
Property Type
Residential Income
Property Sub Type
Quadruplex
Flood Zone Code
AE

Building

Levels
One
Total Area
2,316 Sqft

Interior Features

Bedrooms and Bathrooms

Total Bathrooms
4
Bedrooms
4

Area and Spaces

Living Area
2,124 Sqft

Interior Features

Interior Features
Ceiling Fans(s)
Laundry Features
None

Heating and Cooling

Heating Features
Other

Building Details

Construction

Year Built
1966
Foundations
Slab

Materials

Construction Materials
Block
Roof
Shingle

Terms

Terms

Ownership
Fee Simple
Special Conditions
None
Special Terms
Cash, Conventional, FHA, VA Loan
Cumulative Days On Market
1

Taxes

Tax

Tax (Annual)
$7,460.82

Heating, Cooling & Utilities

Cooling Features
Mini-Split Unit(s)

Utilities

Utilities
Public
Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.21
Lot Size Area Sq Ft
9,000
Lot Dimensions
60x150
Road Surface
Paved

Exterior Features

Exterior Features
Basketball Court, Dog Run, Fence, Lighting, Outdoor Grill
Listed by Sellstate Coastal Realty, 813-940-0101
Listing Data last updated 09/24/2026 02:00 am
Get a Link to this Property: Copy To Clipboard

Phone:
Connect with:

Payment Calculator

per month. fixed. % interest.
$
%
$
%
Principal & Interest
+ Home Insurance
+ Property Tax
+ HOA Fees
per month
Total interest paid over s will be:
All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 24-Sep-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
Get Walk Score Content

Property History

4 days ago
Property information last updated
22 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 22 days (includes prior listings) · Currently listed since September 1, 2026. Data provided by the MLS.

Similar Properties

Recent Posts