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2402 N Highland Ave
For Sale $1,499,000 ($283.47 per Sq Ft)
$1,499,000 ($283.47 per Sq Ft)
- 8 Units
- 5,288 Sq Ft
- 10,922 Sq Ft
- Unknown Cap Rate
Description
Great opportunity to purchase part of Tampa Height's History. There are a total of 8 rental units in 4 buildings: 1 Single family-4 bedroom/2 bath, 2nd Single Family-2 bedroom/2 bath, 1 Apartment Building with 4 studio units plus TWO- 1 bedroom/1 bath units. Built in 1935, 1940, and 1946, these buildings reflect a rich history from a time when Tampa Heights blossomed into a vibrant community characterized by residential and commercial growth. Each unit and both homes are separately metered and tenants pay all utilities except water/sewer and small gas bill. This lot is 10,922 sq ft and is zoned RM-24. If redeveloped, it is approved for 6 new units.
This property has been treasured by the same family since 1960, serving as a beacon of hope and renewal for many. The owner has offered below-market rental rates, as a service in the community for the past 15 years. With some renovations, these stately residences have the potential to significantly increase the rental income.The property has great access on a corner and with an alley running along the north side. Conveniently located just a few blocks from Highland Park, the YMCA, Armature Works, and the scenic Tampa Riverfront Waterworks park, this property is also near Perry Harvey Sr. Park’s skatepark, a variety of shopping options, entertainment hubs, fine dining, as well as cultural and artistic venues. With easy access to Downtown Tampa, Ybor City, and Tampa International Airport, the location is ideal for both residents and investors.
The property's size and location present a unique development opportunity in one of Tampa Bay's fastest-growing neighborhoods. As the area's progress continues, opportunities like this are becoming increasingly rare.
Please respect the privacy of the current tenants—do not trespass or engage with them. Showings are available by appointment only with 48-72 hours' notice.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,499,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,288 |
| Number of Stories | 0 stories |
| Parking Spots | 1 spots |
| Year Built | 1935 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A1329184XZ00001100010.0 |
| MLS # | TB8407243 |
| Property ID | 322097565 |
| Lot Sqft | 10,922 |
| Zoning | RM-24 |
| Total Units | 8 |
| Days on Market | 163 |
| Original List Price | $1,550,000 |
| Date Updated | August 20, 2025 |
| Date Created | July 15, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Stacy Dillard an agent of LPT REALTY, LLC. Lic #3228574
© 2025 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of August 20, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT