About This Home

This 2-bedroom, 2-bathroom multi-family at 2801 W CLEVELAND Street in Tampa, FL is listed for $400,000 ($399 per sqft). Built in 1951, the home offers 1,002 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1951
  • 0.14 acre lot

Property Details

2 full
1951

Amenities

A/C
Listing Description

LARGE PIECE OF PROPERTY. 2 CORNER LOTS RUNING FROM THE CORNER OF BUNGALOW TO THE CORNER OF S HABANA * 114 S Bungalow Park Ave*. Walking distance to Hyde park and Downtown. Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with an existing duplex 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) Existing side-by-side duplex totaling 1,002 heated sq ft, with two 1 bed / 1 bath units.

2) The units require renovation and TLC. Latest improvements from recent years include plumbing completely redone in 2024 and a roof less than 5 years old. A/C is provided via wall units. 3) Large yard / lot footprint at 6,150 sq, enhancing future tenant appeal and providing additional flexibility for future design and redevelopment.

4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Corner lot positioning, enhancing access, design flexibility, and end-product desirability. 6) 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 parcel at 114 S Bungalow Park Ave. Purchase both properties together for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, layout 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.

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

2801 W CLEVELAND Street

Tampa, FL 33609

BUNGALOW CITY

Features & Amenities

Interior Features

Ninguno

Exterior Features

Garden

Property Details

Construction

Asbestos

Heating

Electric (Heating)

Cooling

Wall/Window Unit(s)Window Unit(s)

Questions & Answers

This 2-bedroom, 2-bathroom multi-family at 2801 W CLEVELAND Street is listed at $400,000 ($399/sqft). The estimated monthly payment is $2,140 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1951, 0.14 acre lot. Interior Features: Ninguno. Exterior Features: Garden.

This property is listed by Alexander Izikson.

AI

Alexander Izikson

Agent at Richard Peters Realty LLC

Listed by Richard Peters Realty LLC · Broker phone: (352) 448-9712 · View on Broker Site · Broker website

MLS# TB8501615· Source: Stellar MLS· 187 days on PropertySimple

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.

2801 W CLEVELAND Street, Tampa, FL 33609

Open this listing in: