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2306 N Morgan Street

Tampa, FL 33602
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Bed 9

Bed

Bath 7

Bath

SqFt1,372

Sqft

Acres0.14

Acre(Lot)

Located in the highly desirable Tampa Heights submarket, 2306 Morgan Street is a well-positioned multifamily asset consisting of two buildings totaling 7 units across 4,315 square feet. The property includes a front triplex built in 1902 and a rear quadplex built in 1926, offering a compelling blend of historic charm and modern improvements. The asset features a diverse unit mix comprised of two studios (approximately 343 SF each), one 1-bedroom/1-bath unit (682 SF), and four 2-bedroom/1-bath units (approximately 735 SF each). The property has benefited from recent capital improvements, including a new roof installed within the past 2–3 years, along with additional upgrades and fresh interior and exterior paint, providing strong curb appeal and a low-maintenance ownership profile. Income t otals include a combination of market rents and housing assistance payments, offering stable cash flow with upside potential. Several long-term tenants are currently paying below-market rents, creating an opportunity to optimize rents to market levels over time. Additional value-add strategies include implementing utility bill-backs, particularly for water, to further enhance net operating income. Redevelopment or reconfiguration potential may exist, subject to buyer due diligence. Positioned minutes from some of Tampa’s most vibrant destinations, 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 central location, 2306 Morgan Street stands out as a strong opportunity to own a turn-key multifamily asset in one of Tampa’s most in-demand rental corridors.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,490,000

AD Id : 68942465

MLS Id : MFRTB8449870

Beds : 9

Lot Size : 0.14 Acre

Living Area Size : 1,372

Year Built : 1902

County : Hillsborough

Subdivision: Grove Heights

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Feature Features

  • Bedroom Information

    Total Bedroom: 9

    Bathroom Information

    Total Baths: 7

    Interior Features

    Other Roof: Shingle Laundry Features: Electric Dryer Hookup, Washer Hookup

    Roofing Information

    Shingle
  • Flooring Information

    Flooring: Carpet, Linoleum Construction Materials: Stucco, Wood Siding
  • Heating & Cooling

    Heating: Ductless Cooling: Wall/Window Unit(s) WaterSource: Public

  • Building Information

    Year Built: 1902
  • Exterior Features

    Other Construction Materials: Stucco, Wood Siding Foundation Details: Crawlspace, Slab

  • Lot Information

    Lot Dimensions: 50x120 Lot Square Feet: 6000 Lot Acres: 0.14 Lot Size (SqMt): 557

    Property Information

    Property Type: Residential Income Sub Type: Multi-Family 5+

  • Listing Price Information

    Original List Price:$1600000

  • Tax Information

    Tax Block: 5 Tax Book Number: 2-37 Tax Lot: 4 Tax Legal Description: GROVE HEIGHTS LOT 4 BLOCK 5 Annual Tax: $4959 Tax Year: 2024 Parcel Number: A-13-29-18-4XM-000005-00004.0

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: GROVE HEIGHTS City: TAMPA Direction: Nebraska to Columbus Dr. turn east go to Morgan turn left proprty on the right.
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ByOwner last updated this listing 06/24/2026 @ 18:20

MLS: MFRMLS #TB8449870 LISTED BY: Eddie Serralles, SERRALLES GROUP,INC 813-307-0007 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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