Commercial Sale · Multi Family (5+)
2306 N MORGAN STREET, TAMPA, FL, 33602
Active275 days on marketListed Nov 6, 2025MLS #TB8445667
About this property
The property at a glance
Located in the highly desirable Tampa Heights submarket,2306 Morgan Street consists of two multifamily buildings totaling 7 units across 4,315 square feet. The front triplex, built in 1902,and the rear quadplex, built in 1926, together create a diverse unit mix: 2 studios (343 SF each), one 1-bedroom/1-bathroom units (735 SF each). unit (682 SF), and four 2-bedroom/1-bathroom from recent improvements, including a new roof within the past 2-3 years and upgraded capital expenditures. With a blend of historic character and recent updates, the asset neighborhoods presents a unique opportunity for investors targeting value-add potential in one of Tampa's fastest-growing Value-Add Opportunities adjustments Optimize Rents: to market Several levels. Long-term tenants are paying below-market rents, creating immediate upside through Utility Bill-Backs: Implementing water bill-back systems provides a straightforward way to improve net operating income. Redevelopment Potential. Has been freshly painted inside and out, offering strong curb appeal and a low-maintenance setup for any investor looking for steady cash flow. Positioned minutes from some of Tampa’s most vibrant attractions, residents enjoy easy access to Ybor City’s historic nightlife, Downtown Tampa’s Riverwalk, Armature Works, and the Tampa Heights food and entertainment district. With consistent occupancy, recent updates, and a prime location near all the city’s key amenities, 2306 Morgan stands out as an exceptional opportunity to own a turn-key multifamily asset in one of Tampa’s most in-demand rental corridors.
4,483
Building sq ft
$334
Price / sq ft
0.14
Lot acres
1902
Year built
7
Units
2
Buildings
RM-24
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
$214,143
Price / unit
7
Units
Estimated payment (illustrative)
Estimated payment
$7,314/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask David to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
19,694
Population
$88,569
Median income
35.2
Median age
1.78
Avg household
$560,400
Median home value
$2,119/mo
Median rent
1,289
Households w/ kids
Recent sales
What actually sold near 2306 N MORGAN STREET
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,875,000
408 and 410 S TAMPANIA
3,120 sqft · $601/sqft · Sold Jan 29, 2026
$950,000
106 S DELAWARE AVENUE
3,860 sqft · $246/sqft · Sold Apr 6, 2026
$650,000
1203 E DR MARTIN LUTHER KING JR BOULEVARD
4,476 sqft · $145/sqft · Sold Feb 4, 2026
Your team
The pros in your corner
Your agent
David Ramirez
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 2306 N MORGAN STREET — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2306 N MORGAN STREET.
See it in person
Schedule a tour
Pick a day that works — this goes straight to David's phone and CRM.
Keep looking
Similar properties nearby
Listing courtesy of SERRALLES GROUP,INC · Eddie Serralles. MLS #TB8445667.
IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
Never miss a listing
New TAMPA listings, in your inbox
A daily digest of every new listing in TAMPA — straight from the MLS, hours after it goes live. Unsubscribe anytime.