Refer to survey for accurate dimensions - 3111 W SPRUCE ST, TAMPA
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$974,900

3111 W SPRUCE ST
TAMPA, FL 33607
Listed by Chris Campana · COASTAL PROPERTIES GROUP INTER
Bedrooms
8
Bathrooms
N/A
Living area
3,185 sqft
Year built
1979

About this home

Incredible investment opportunity to own a Triplex apartment building in one of the area's most desirable locations! This property underwent a comprehensive renovation throughout 2025 with no expenses spared, completed with permits and qualified technicians. Now completely occupied and generating over $80,000 in annual rental income, this is a truly turnkey investment. Situated on an oversized corner lot spanning 11,880 square feet (.27 acres) in a prime location - just steps from Macfarlane park, West Tampa little league, schools, grocery stores, restaurants and more. Assumable 6% FHA loan available. Every major system has been updated for years of worry-free ownership: brand new roof and gutters, new IMPACT WINDOWS & doors. Unit A features a new HVAC system, Unit C has a new mini-split, and Unit B's HVAC is only 5-6 years old. All three units feature new water heaters and washer/dryers in each unit. The interiors have been fully remodeled throughout, featuring solid core doors at all bedrooms and bathrooms for added privacy and quality, plus stainless steel appliances and granite countertops in every kitchen. Each unit is thoughtfully separated with its own private driveway, and the property offers a generous 9 off-street parking spaces total—a rare and valuable feature for multi-family properties. Unit mix: Apartment A - 3 bedroom/2 bathroom/$2440 monthly, Apartment B - 4 bedroom/2 bathroom/$3000 monthly, Apartment C - 1 bedroom/1 bathroom/$1550 monthly. Apartment C is fully furnished and equipped with a smart lock, making it move-in ready and well-positioned for higher earning short-term rental opportunities. Utilities are investor-friendly with 2 electrical meters and 2 water meters; the property is on nearly costless well water with public sewer, helping to keep operating expenses low. Current tenants have a strong history of paying on time with zero hassle. Move-in ready, cash-flowing, and virtually maintenance-free for years to come. Opportunities like this don't last—schedule your showing today!

Property details

MLS #
MFRTB8548923
Property type
Triplex
Subdivision
MAC FARLANE PARK
Status
Active
Days on market
1
On market date
September 22, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.27 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
MACFARLANE PARK ELEMENTARY MAGNET SCHOOL
0.13 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
384
Student:teacher ratio
14.8:1
District
HILLSBOROUGH
Middle
STEWART MIDDLE MAGNET SCHOOL
1.38 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
820
Student:teacher ratio
18.6:1
District
HILLSBOROUGH
High
JEFFERSON HIGH SCHOOL
1.65 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,397
Student:teacher ratio
18.9:1
District
HILLSBOROUGH

Walkability

Blended score for TAMPA's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

84
Highly walkable
out of 100
EPA National Walkability Index
16.8 / 20 -- Most walkable

Market position

How this listing compares to current activity in TAMPA, from live MLS data.

On the market 1 days -- 82 fewer days than TAMPA's current average of 83 days.
For reference, the median list price across 5,727 active listings in TAMPA right now is $349,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,021/mo
$194,980 down
$779,920 loan
Principal & interest$5,059
Property tax (est.)$812
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.