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4 Beds
4 Baths
2,124 sqft

$789,900

4513 W MCELROY AVE, TAMPA FL, 33611

Price per sqft$371.89
Built in1966
Property size2,124 sqft
Property typeMulti-family
Courtesy of SELLSTATE COASTAL REALTY, Taylor Cresswell  Listing Contact: 813-940-0101

Overview

Active

Listed Sep 1, 2026

Updated 5h ago

**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this property presents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features **four 1-bedroom, 1-bath units**, providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property got a full roof replacement in 2022! The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. Even though this property is located in a flood zone, it never flooded with all the recent storms or hurricanes, as well as, has an extremely affordable flood insurance policy. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. • Multiple rental strategy options • Strong demand for smaller residential units • Convenient access to Westshore, Gandy and major Tampa thoroughfares • Excellent opportunity for investors seeking income and long-term appreciation potential

$5,255/mo

Est. mortgage payment based on a $789,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
TB8544449

Interior Features

Bedrooms
4
Bathrooms
4
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.21 Acres

Other Property Details

Taxes
$7,436
Tax Frequency
Annually
Association Fee Frequency
Monthly
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Facet Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 5:37 PM UTC on 9/29/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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