Ad #7824945
MLS #TB8491887
*Being sold along with neighboring corner-lot property, 2801 W
114 S BUNGALOW PARK Ave, Tampa, Florida, 33609
$695,000
4Beds
3Baths
2,160Sqft
0.280Acres
About this property
*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa's most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
Property Features
4 Beds
3 Baths
2,160 Sqft
Built in 1940
0.280 Acres
Siding: Block, Frame
Shingle Roof
Has Fireplace
Electric (Heating)
$15,735 / yr property tax
Hillsborough County
BUNGALOW CITY Community
Additional Photos
Contact Information
Alexander Izikson
Richard Peters Realty LLC
781-996-9676
Location
Listing Agent: Alexander Izikson 781-996-9676
Broker: Richard Peters Realty LLC 352-448-9712 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Richard Peters Realty LLC 352-448-9712 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 22, 2026
Photo Gallery
$695,000
4
Beds
3
Baths
2,160
Sqft
114 S BUNGALOW PARK Ave, Tampa, Florida, 33609
By contacting this agent you agree to these Terms and Conditions.
MLS# TB8491887
*Being sold along with neighboring corner-lot property, 2801 W
$695,000
114 S BUNGALOW PARK Ave, Tampa, Florida, 33609
4
Beds
3
Baths
2,160
Sqft
0.280
Acres
$695,000
114 S BUNGALOW PARK Ave, Tampa, Florida, 33609
4 Beds
3 Baths
2,160 Sqft
0.280 Acres
*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa's most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.
27 days
on BeachHouse.com
25
views
0
saves
Property Details
HOME DETAILS
4 Beds
3 Baths
2,160 Sqft
Built in 1940
0.280 Acres
EXTERIOR
Siding: Block, Frame
Shingle Roof
INTERIOR
Has Fireplace
Electric (Heating)
FINANCIAL & COMMUNITY
$15,735 / yr property tax
Hillsborough County
BUNGALOW CITY Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7824945
Viewed
25 times
Listing Status
Active
Added
Jun 24, 2026
Last Refresh
Jul 22, 2026 12:59:08 AM
Listing Information
Data Source
Stellar MLS
Source Property ID
TB8491887
Listing Agent: Alexander Izikson 781-996-9676
Broker: Richard Peters Realty LLC 352-448-9712 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Richard Peters Realty LLC 352-448-9712 Listing Site
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Request Information
Start advertising today
Explore options for real estate agents and homeowners advertising on BeachHouse.com
Sell Your Home
Explore Similar Properties
