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2526 W Union St
Tampa, FL 33607 MacFarlane

$550,000 USD

Multifamily For Sale  •  1,885 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 1,885 SF
  • Lot Size 0.11 AC
  • Year Built 1926
  • Cap Rate 9.27 %
  • Zoning RM-16
30 Transit Score
70 Walk Score

Description

Welcome to a rare and versatile income-producing property located just minutes from Tampa’s most sought-after destinations including Tampa International Airport, Amalie Arena, Raymond James Stadium, and Tampa General Hospital. Situated in the rapidly growing West Tampa area just one street from the city’s planned Riverwalk expansion, this beautifully renovated property offers exceptional flexibility for investors, house hackers, or anyone seeking a high-performing short-term rental.

Officially a 4-bedroom, 3-bath single-family home with two additional bonus rooms, the property features a unique layout with three exterior entrances and interior security doors that allow the home to function as three separate rentable living spaces under one roof. This innovative setup creates multiple short-term rental options while maintaining single-family zoning benefits.

The configuration includes:

• A spacious 2-bedroom / 1-bath unit (~650 sq ft) featuring the full kitchen, driveway, front yard, and a giant covered and tiled front porch.
• Two private 1-bedroom / 1-bath lock-off suites (~420 sq ft each), each with a bedroom, bathroom, living area, and kitchenette with wet bar, sink, cabinetry, refrigerator, and under-cabinet lighting.

Each space has its own exterior entrance, allowing guests to enjoy privacy while maximizing rental potential.

Additional features include:

Dedicated laundry room with its own exterior access

Three separate outdoor hangout areas for guests

New Lark steel storage shed with storage racks, ladders, supplies, and tools included

Additional shed for yard equipment

Extensive professional landscaping with palm trees, shell ground cover, and minimal grass for low maintenance costs

White vinyl fencing and gates installed by Florifence surrounding the property

Steel roof approximately 10 years old

Renovation completed in recent years with city inspections and approvals finalized last year

Newer appliances throughout, including refrigerators, laundry machines, Roku TVs, fans, and water heater (some still under warranty)

Additional soundproofing between walls for maximum privacy

The property is being sold fully furnished and completely turn-key, including all supplies and operational infrastructure. A co-host property manager, cleaner, and inventory of spare supplies are already in place, allowing the next owner to step in and continue operations immediately.

Located near the airport, major hospitals, professional sports venues, colleges, and Tampa’s rapidly expanding entertainment districts, this property offers immediate income potential and long-term appreciation in one of the city’s fastest-growing areas.

Whether you’re an investor seeking a high-yield short-term rental or a buyer looking for a flexible property that can pay for itself, 2526 W Union St is a rare opportunity to own a fully operational income property in the heart of Tampa.

Highlights

Fully remodeled in 2025 w/ permits
Over 9% Cap rate with room to improve performance
Comes with all furniture and supplies. Completely Turn Key!

Financial Summary (Actual)

Net Operating Income: $51,047 USD (2025)
Cap Rate: 9.27 %
Total Expenses: $13,800 USD

Amenities

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Breakfast/Coffee Concierge
  • Storage Space
  • Bicycle Storage
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Tampa (Silver Star - Amtrak) 6 min - 2.7 mi
AirportDriveWalkDistance
Tampa International 11 min - 6.4 mi
St Pete-Clearwater International 28 min - 15.6 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 6
Type: Reserved
Included in Rent: Yes
Matthew Hilton 813-865-0700 KVA Group at KWTC
Matthew Hilton 813-865-0700 KVA Group at KWTC