2306 N MORGAN ST, Tampa, FL 33602
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2306 N MORGAN ST, Tampa, FL 33602
2306 N MORGAN ST, Tampa, FL 33602
2306 N MORGAN ST, Tampa, FL 33602
2306 N MORGAN ST, Tampa, FL 33602
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$ 1,490,000
Est. payment /mo
Active

2306 N MORGAN ST Tampa, FL 33602

9 Beds

7 Baths

1,372 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family 5+

Listing Status Active

Purchase Type For Sale

Square Footage 1,372 sqft

Price per Sqft $1,086

Subdivision Grove Heights

MLS Listing ID TB8449870

Bedrooms 9

HOA Y/N No

Year Built 1902

Annual Tax Amount $4,959

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x120

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

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.

Location

State FL

County Hillsborough

Community Grove Heights

Area 33602 - Tampa

Zoning RM-24

Interior

Interior Features Other

Heating Ductless

Cooling Wall/Window Unit(s)

Flooring Carpet, Linoleum

Fireplace false

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other

Utilities Available Public

Roof Type Shingle

Garage false

Private Pool No

Building

Foundation Crawlspace, Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Stucco,Wood Siding

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional, FHA, Private Financing Available

Listing Terms Cash, Conventional, FHA, Private Financing Available

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8449870


Stellar MLS
Listed by Eddie Serralles SERRALLES GROUP,INC

AMENITIES & ATTRACTIONS

Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Pets
Education
Public Services & Government
Local Events & Flavor
Local Media
  • Home of Gyros

    3919 N Tampa St, Tampa, FL 33603

    Phone: 813-221-4976

  • McDonald’s

    2050 Sr 60 E, Tampa, FL 33602

    Fast Food Phone: 813-662-0275

  • Montellie’s CafeMontellie’s Sandwich Shop & Cafe’

    2108 N Tampa Ave, Tampa, FL 33602

    Sandwiches Phone: 813-223-2233

  • Chikos Pizza

    3917 N Tampa St, Tampa, FL 33603

    Italian Phone: 813-252-4008

  • Surf and Turf Truck

    Tampa, FL 33602

    Food Trucks Phone: 813-255-7473

  • Tambuzzo Sausage Co.

    Tampa, FL 33603

    Italian Phone: 813-928-9079

  • Lee’s Grocery

    2210 N Central Ave, Tampa, FL 33602

    Beer Bar Phone: 813-374-0179

  • McDonald’s

    501 E Dr Martin Luther King Jr Blvd, Tampa, FL 33603

    Fast Food Phone: 813-225-2626

  • Ulele

    1810 N Highland Ave, Tampa, FL 33602

    American (New) Phone: 813-999-4952

  • Pizza Hut

    23118 State Rd 54, Tampa, FL 33602

    Pizza Phone: 813-949-0038

  • Seabreeze Trolley Cafe

    2111 N Blvd, Tampa, FL 33602

    Food Trucks Phone: 813-228-0033

  • Trucktoberfest

    209 W Frances Ave, Tampa, FL 33602

    German Phone: 813-389-8241

  • Big Daddy’s Soul Food

    442 W Columbus Dr, Tampa, FL 33602

    Soul Food Phone: 813-313-8026

  • Cafe Hey

    1540 N Franklin St, Tampa, FL 33602

    Coffee & Tea Phone: 813-221-5150

  • Nathan’s Hotdogs

    210 Tampa St, Tampa, FL 33602

    Hot Dogs

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2306 N MORGAN ST