2306 N MORGAN STREET, Tampa, FL 33602

• 9 beds |
• 7 baths |
• 1,372 sqft

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.

Listing Status:

Active

Date Added:

November 19, 2025

Data Last Updated:

April 7, 2026 at 12:24PM

Listing Office:

SERRALLES GROUP,INC : 813-307-0007

Listing Agent:

Eddie Serralles : 813-610-1563

MLS ID:

TB8449870

Interior

• General: Other
• Laundry: Electric Dryer HookupWasher Hookup
• Flooring: CarpetLinoleum
• A/C: Wall/Window Unit(s)
• Heating: Ductless

Exterior

• General: Other

Construction

• Roofing: Shingle
• General: StuccoWood SidingCrawlspaceSlab

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Hillsborough

Lot

• Zoning: RM-24GROVE HEIGHTS LOT 4 BLOCK 5A-13-29-18-4XM-000005-00004.0

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple