5901 Bryce Ln
Tampa, FL 33615
ActiveNew construction
List price
$4,052,000
Listing courtesy of REALTY ONE GROUP ADVANTAGE, 813-909-0909 (Alex Khoyi)
MLS# TB8550910 Status Active
Listing updated September 22, 2026
- Sq ft
- 18,277
- Year built
- 1983
About this home
A 34-unit, 5-building garden-style community on 1.78 acres in one of West Tampa's tightest-fundamental submarkets, minutes from Tampa International Airport and the Veterans Expressway. Built in 1983 and 94% occupied, this is a small-bay multifamily asset with real, in-place rent upside — not a pro forma story. The math: in-place 1-bedroom rents run $925 to $1,250 against a $1,144 average, and every point of that spread closes with routine turnover and light unit-level work — flooring's already been swapped in multiple units (9/2025, 11/2025), and a water heater replaced as recently as 7/2025. Electric is individually metered per unit, keeping the expense line clean; water runs on a single master meter. Offered at $4,052,000 — $119,176 per unit — against a 6.5% cap rate on 2026 annualized NOI of $263,384. Low density, low deferred maintenance, and a rent roll with room to run.
Facts
- Home type
- Quadruplex
- Year built
- 1983
- Lot
- 1.78 acres
- Annual taxes
- $41,575
- Construction
- Completed
- Subdivision
- Unplatted
- County
- Hillsborough
Virtual tour
Location
Map: OpenFreeMap, © OpenMapTiles, © OpenStreetMap contributors
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