Incredible Investor Opportunity! Income-producing 5-unit multifamily in the heart of Tampa, located at 3015 W Collins St. Property has not been operated as a traditional investment property—units have been occupied by family members and rented at under-market value, leaving significant upside potential for a new owner to increase income and maximize returns.
Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph’s Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street.
Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill.
Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential.
Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units.
Why This Property Stands Out:
Undervalued Rents – Long-term family occupancy means immediate rent growth opportunity
Garage Conversion Potential – Add a 6th unit or ADU
Separately Metered Electric – Tenants pay their own utilities
Month-to-Month Leases – Flexibility to raise rents or reposition
Walk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round.
Don’t miss this unique multifamily investment opportunity in one of Tampa’s most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.
Situated on a quiet residential street within walking distance to Raymond James Stadium and St. Joseph’s Hospital. Convenient access to Midtown Tampa, Whole Foods, I-275, Tampa International Airport (10 min), and Downtown/Water Street.
Three units are rented month-to-month with tenants happy to stay, one unit is owner-occupied, and one unit is vacant, ready for some TLC to lease long or short term. Tenants are open to staying under new terms. All units have separate electric meters; water is on one bill.
Property includes a detached two-car garage with potential to convert into a 6th income-producing unit (buyer to verify with city). Interior spaces needs some TLC— paint, flooring, landscaping—to improve curb appeal and increase rent potential.
Recent appraisal (April 2025) available to support listing price. Strong rental demand in the area. No HOA. No Rental restrictions. Solid block construction, 2018 Roof, on-site parking space for all units.
Why This Property Stands Out:
Undervalued Rents – Long-term family occupancy means immediate rent growth opportunity
Garage Conversion Potential – Add a 6th unit or ADU
Separately Metered Electric – Tenants pay their own utilities
Month-to-Month Leases – Flexibility to raise rents or reposition
Walk to Bucs games, concerts, restaurants, medical campuses, and city bus lines; bike to booming Midtown and Westshore business districts, location drives consistent tenant demand year-round.
Don’t miss this unique multifamily investment opportunity in one of Tampa’s most sought-after and fast-growing neighborhoods. Ready for value-add investors or owner-operators to bring this hidden gem to its full potential.
Property Details
Price:
$730,000
MLS #:
TB8390018
Status:
Active
Beds:
5
Baths:
5
Address:
3015 W COLLINS STREET
Type:
Multi Family
Subdivision:
DREWS JOHN H SUB BLKS 11 TO 1
Neighborhood:
33607 – Tampa
City:
TAMPA
Listed Date:
May 26, 2025
State:
FL
Finished Sq Ft:
2,480
ZIP:
33607
Lot Size:
10,800 sqft / 0.25 acres (approx)
Year Built:
1944
Units:
5
Schools
Interior
Cooling
Other, Wall/ Window Unit(s)
Flooring
Ceramic Tile
Heating
Wall Units / Window Unit
Laundry Features
In Garage
Exterior
Construction Materials
Block, Concrete, Wood Frame ( F S C Certified)
Exterior Features
Other
Roof
Other, Shingle
Financial
Tax Year
2024
Taxes
$4,716
Map
Community
- Address3015 W COLLINS STREET TAMPA FL
- SubdivisionDREWS JOHN H SUB BLKS 11 TO 1
- CityTAMPA
- CountyHillsborough
- Zip Code33607
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Courtesy of KELLER WILLIAMS TAMPA PROP.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Stellar MLS. All rights reserved. 3015 W COLLINS STREET
TAMPA, FL
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