About 2306 N Morgan Street
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 totals 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.
Features of 2306 N Morgan Street
| MLS® # | TB8449870 |
|---|---|
| Price | $1,490,000 |
| Bedrooms | 9 |
| Bathrooms | 7.00 |
| Square Footage | 1,372 |
| Acres | 0.14 |
| Year Built | 1902 |
| Type | Residential Income |
| Sub-Type | Multi Family (5+) |
| Status | Active |
Listing Details
| Office | SERRALLES GROUP,INC |
|---|
Listing Map
Neighborhood Information for 2306 N Morgan Street
Close to Penitentiary, High Residential Turnover, Close Proximity to Sea/Ocean
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Metropolitan Ministries Partnership Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
0 Miles | |
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Brewster Technical College Public - to |
0 Miles | |
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Waters Career Center Public - to |
0 Miles | |
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Hillsborough Virt Instr Prgs Public - Kindergarten to 12Th Grade - Closest Middle School |
0 Miles | |
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Hillsborough Virtual Franchise High School Public - Kindergarten to 12Th Grade - Closest High School |
0 Miles | |
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Villa Madonna School Catholic - Preschool to 8Th Grade |
0 Miles | |
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Graham Elementary School Public - Preschool to 5Th Grade |
1 Miles |
School data provided by GreatSchools