2318 W POWHATAN AVENUE, Tampa, FL 33603

• 3 beds |
• 3 baths |
• 1,378 sqft

Property Description

Prime West Tampa Investment Opportunity – 3-Unit Income Property. Looking to add a strong cash-flowing asset to your portfolio? This West Tampa property offers a rare configuration: a single-family home legally set up and functioning as a triplex, all under one electric and water meter, simplifying utilities while maximizing rental potential. The location is unbeatable, just minutes from Tampa International Airport, Downtown Tampa, and Raymond James Stadium, putting tenants close to major employment centers, entertainment, and game-day energy. The property features three units: a 2 bed/1 bath unit with central A/C (approximately 5 years old), a 1 bed/1 bath unit with a window A/C unit, and a studio unit also with a window A/C unit. The property is fully livable in its current condition and generating rental-ready value today, with room to boost returns through cosmetic updates such as fresh paint, flooring, and finishes that could go a long way toward increasing rents and long-term value. The roof was replaced just 2 years ago, offering peace of mind on one of the biggest-ticket items for any investor. As an added bonus, solar panels are already installed on the roof; they are not currently active, and a buyer would need to bring in a solar company to complete the installation and activate the system, but the groundwork is there for a future energy-cost advantage. This is a solid, income-ready opportunity for an investor looking to acquire a multi-unit cash flow property in one of Tampa's most connected corridors, bring your vision for updates and unlock the full upside this property has to give.

Listing Status:

Active

Date Added:

July 2, 2026

Data Last Updated:

July 4, 2026 at 10:21PM

Listing Office:

TMWRK BROKERAGE LLC : 727-277-9032

Listing Agent:

Mike Youngblood : 813-966-3248

MLS ID:

TB8524344

Interior

• General: Ceiling Fans(s)Other
• Appliances: OtherRefrigerator
• Laundry: Inside
• Flooring: Ceramic TileLaminate
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralElectric

Exterior

• General: Private EntrancePrivate MailboxPrivate Yard

Construction

• Roofing: Shingle
• General: BlockStuccoOneSlab

Location

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

Lot

• Zoning: RS-60HAMNER'S MARJORY B RENMAH LOT 19 BLOCK 3A-35-28-18-3H0-000003-00019.0
• Fencing: Wood

Utilities

• Utilities: Cable AvailableElectricity ConnectedPublicSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple