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4511 W McElroy Ave, Tampa, FL, 33611

$388/sqft·Baybridge

4 bd4 ba2,124 sqftQuadruplex
Listed by SELLSTATE COASTAL REALTY· Last updated · MLS# TB8544469

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Est. monthly payment
$5,337/mo
Down payment (20%)
$165,000
Property taxes
$622/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 1966
9,000 sqft lot
Lot size
2,124 sqft
Living area

About this home

Ceiling Fans(s)Basketball CourtDog RunFenceLightingOutdoor Grill

4511 W McElroy Ave is a 1966-built home in Baybridge Rev, Tampa. Inside you'll find 4 bedrooms, 4 bathrooms, and 2,124 square feet of living space. Listed at $825,000 (about $388/sqft), 1 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

**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 features a newer roof, with the full roof replacement that was done 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. 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

The essentials

Built
1966
Price / sqft
$388
On market
10 days
Annual tax
$7,461
Flood zone
AE
Lot
9,000 sqft
Type
Quadruplex

Location

4511 W McElroy Ave
Tampa, FL, 33611·33611 - Tampa
Type
Quadruplex
Year Built
1966
Lot
9,000 sqft
Cooling
Mini-Split Unit(s)
Heating
Other
Parking
-
Days on Market
10
Ceiling Fans(s)
Basketball Court
Dog Run
Fence
Lighting
Outdoor Grill
Flood Zone AE

Annual Tax (2025)

$7,461

Parcel #

A-08-30-18-3XJ-000020-00009.3

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Baybridge Rev

County

Hillsborough

MLS Area

33611 - Tampa

Lot Size

9,000 sqft

Date
Event
Price
9/1/2026
Listed for sale
Source: Stellar MLS #TB8544469
$825,000+70.1%
$388/sqft
9/13/2022
Sold
Source: Hillsborough County Public Record
$485,000
$228/sqft
Est. monthly payment$5,337/mo
Principal & interest$4,303
Property taxes$622
Insurance$413
Down payment20% · $165,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $825,000
$820,000 – $825,000
99.4% – 100% of listTops out right at the list price
80% of listList price
78 of the last 154 home closings in 33611 landed at this number or higher (51%). The median one sat 21 days before it went under contract, and this one is on day 10.

Sample: 154 closed home sales in 33611 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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