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2306 N Morgan St
For Sale $1,490,000 ($1,086.01 per Sq Ft)
$1,490,000 ($1,086.01 per Sq Ft)
- 7 Units
- 1,372 Sq Ft
- 6,000 Sq Ft
- Unknown Cap Rate
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,490,000 |
| Property Type | Multi-Family |
| Usable Sqft | 1,372 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1902 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | A1329184XM00000500004.0 |
| MLS # | TB8449870 |
| Property ID | 322466571 |
| Lot Sqft | 6,000 |
| Zoning | RM-24 |
| Total Units | 7 |
| Days on Market | 233 |
| Original List Price | $1,600,000 |
| Date Updated | June 23, 2026 |
| Date Created | November 19, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Eddie Serralles an agent of .
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of June 23, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT