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1406 E 21st Avenue

Tampa, FL 33605
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Bed 6

Bed

Bath 4

Bath

SqFt2,127

Sqft

Acres0.11

Acre(Lot)

Introducing a rare, fully renovated triplex investment opportunity in the heart of V.M. Ybor, one of Tampa’s most dynamic and rapidly evolving urban neighborhoods. Extensively renovated in 2023, nearly every major aspect of the property has been updated, offering investors a turnkey income-producing asset with limited near-term maintenance. The property features a highly desirable three-unit configuration, with the main residence consisting of a spacious 3-bedroom, 2-bath unit previously renting for $2,800 per month and a 2-bedroom, 1-bath unit previously renting for $1,800 per month, along with a detached 1-bedroom, 1-bath accessory dwelling unit providing additional privacy and currently leased at $1,400 per month with approximately seven months remaining on the lease. At full occupancy, the property previously generated approximately $72,000 in annual gross rental income. The tenants in the 3-bedroom and 2-bedroom units recently moved out, creating an excellent opportunity for a new owner to immediately place new tenants, reposition rents, or explore alternative rental strategies based on their investment goals. Located less than a 10-minute drive from Downtown Tampa and just minutes from Ybor City, Tampa Heights, Armature Works, the Tampa Riverwalk, and some of the city’s largest employment, entertainment, and development districts, this property is positioned directly in the path of Tampa’s continued growth. Significant redevelopment, new construction, and investment throughout V.M. Ybor and the surrounding urban core continue to transform the area and strengthen its long-term appeal. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset housing costs with two additional units, or a buyer looking to secure a multi-family asset in a rapidly growing Tampa neighborhood, this renovated V.M. Ybor triplex offers a compelling combination of proven rental history, multiple income streams, extensive 2023 renovations, and an exceptional location minutes from the heart of the city.

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Detail Ic Property Details

Property Type : Residential Income

Price : $650,000

AD Id : 89719200

MLS Id : MFRTB8540301

Beds : 6

Lot Size : 0.11 Acre

Living Area Size : 2,127

Year Built : 1926

County : Hillsborough

Subdivision: Panama

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Feature Features

  • Bedroom Information

    Total Bedroom: 6

    Bathroom Information

    Total Baths: 4

    Interior Features

    Ceiling Fans(s) Roof: Metal, Shingle Appliances: Built-In Oven, Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator Laundry Features: Inside, Laundry Room, Outside

    Roofing Information

    Metal, Shingle
  • Flooring Information

    Flooring: Vinyl Construction Materials: Asbestos
  • Heating & Cooling

    Heating: Central, Electric Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1926
  • Exterior Features

    Lighting, Private Entrance, Private Mailbox Construction Materials: Asbestos Foundation Details: Block

  • Lot Information

    Lot Dimensions: 50x100 Lot Square Feet: 5000 Lot Acres: 0.11 Lot Size (SqMt): 465

    Property Information

    Property Type: Residential Income Sub Type: Triplex

  • Listing Price Information

    Original List Price:$650000

  • Tax Information

    Tax Block: 9 Tax Book Number: 4-89 Tax Lot: 10 Tax Legal Description: PANAMA LOT 10 BLOCK 9 Annual Tax: $4530 Tax Year: 2025 Parcel Number: A-07-29-19-4UM-000009-00010.0

  • Utility Information

    Electricity Available, Natural Gas Connected, Sewer Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: PANAMA City: TAMPA Direction: Traveling East on E. Dr. Martin Luther King Jr. Blvd. to N. Nebraska Ave. (Turn Right Heading South) Continue to the Intersection of E. Floribraska Ave., Turn Left on to E. 21st Ave Continuing East to 1406 E 21st Ave, Tampa, FL 33605-1895, On Left Hand Side of Road, across the Street from Cuscaden Pary
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Nearby Home Value

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3911 E 15th Avenue, Tampa, FL, 33605 $795,000 7 3 1,370 0.25 Acre
2908 E 22nd Avenue, Tampa, FL, 33605 $317,000 4 2 1,408 0.11 Acre
2906 E 22nd Avenue, Tampa, FL, 33605 $317,000 4 2 1,408 0.11 Acre
2801 E 19th Avenue, Tampa, FL, 33605 $749,999 6 6 3,332 0.12 Acre
2613 E 23rd Avenue #1/2, Tampa, FL, 33605 $779,900 6 6 3,231 0.11 Acre
2020 Davis Street, Tampa, FL, 33605 $379,000 5 3 1,626 0.23 Acre
1401 E 24th Avenue, Tampa, FL, 33605 $199,000 2 2 1,092 0.10 Acre
1305 E 17th Avenue, Tampa, FL, 33605 $499,000 -- -- 1,957 0.12 Acre
1212 E 25th Avenue, Tampa, FL, 33605 $574,900 8 5 4,152 0.17 Acre
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ByOwner last updated this listing 09/01/2026 @ 18:20

MLS: MFRMLS #TB8540301 LISTED BY: Kamilla Altunyan, KELLER WILLIAMS TAMPA CENTRAL 813-865-0700 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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