2306 N MORGAN STREET, TAMPA, FL 33602

Description of 2306 N MORGAN STREET, TAMPA, FL 33602

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.

Property Details for 2306 N MORGAN STREET, TAMPA, FL 33602

Interior Features

Other

Flooring

Carpet, Linoleum

Heating

Wall Units / Window Unit

Cooling

Wall/Window Unit(s)

Pool Private

No

Building Information for 2306 N MORGAN STREET, TAMPA, FL 33602

Building Area Total

4483

Building Area Units

Square Feet

Association

No

Property Information for 2306 N MORGAN STREET, TAMPA, FL 33602

Lot Size Square Feet

6,000

Waterfront

No

View

No

Construction Materials

Stucco, Wood Siding

Roof

Shingle

Exterior Features

Other

Sewer

Public Sewer

Water Source

Public

New Construction

No

Public Records for 2306 N MORGAN STREET, TAMPA, FL 33602

Parcel Number

A1329184XM00000500004.0

Tax Annual Amount

$4,959

Tax Year

2024

Tax Legal Description

GROVE HEIGHTS LOT 4 BLOCK 5

Zoning

RM-24

County Or Parish

Hillsborough

Payment Calculator

Location