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405 E Cayuga St

Tampa FL 33603

3
2
1338 sq. ft.
5740 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Rare duplex in the heart of Old Seminole Heights! Whether you're an investor looking to add a strong cash-flowing asset to your portfolio or a savvy house hacker looking to offset your mortgage with rental income, opportunities like this are few and far between. Offering two completely separate residences on one property, this unique investment combines privacy, character, and long-term income potential in one of Tampa's most desirable rental markets. Most recently leased for $1,700 and $1,750 per month, this property offers proven income potential from day one. Unlike a traditional duplex, these are two completely detached homes with no shared walls, giving each residence the feel and privacy of a single-family home. The front 1-bedroom, 1-bath 650sqft main house immediately stands out with its distinctive Cape Cod-inspired cedar shingle exterior—a rare architectural style that adds charm and timeless character. Inside, you'll find fresh interior paint, newer windows, white shaker cabinetry, granite countertops, wood-look laminate flooring, a spacious walk-in closet, in-unit laundry, and a full kitchen appliance package including the refrigerator, range, microwave, and dishwasher. Privately tucked behind the main home is a detached 2-bedroom, 1-bath 658sqft carriage house with its own alley access and off-street parking, creating an ideal setup for long-term tenants, multigenerational living, or an owner-occupant looking to generate passive income. A privacy fence separates the two homes, creating the feel of two independent residences rather than a typical duplex. Each home features its own water, sewer, and electric meters, central heat and air, and private laundry, making ownership and management simple. Major improvements include roofs and water heaters replaced in 2018, HVAC systems installed in 2019 and 2020, termite tenting completed in 2018, and more. Additional storage is conveniently located beneath the carriage house. Located in the heart of highly sought-after Old Seminole Heights, you'll be just minutes from neighborhood favorites including award-winning restaurants, breweries, coffee shops, parks, Downtown Tampa, Armature Works, and the Tampa Riverwalk. Investment opportunities with this level of character, privacy, and flexibility rarely become available in Seminole Heights. Whether you're building long-term wealth through rental income or looking for one of the best house-hacking opportunities on the market, this is a property you'll want to see.

Features

3 bedrooms
2 bathrooms
1338 sq. ft. floor area
5740 sq. ft. lot size
Single-Family

Property history for 405 E Cayuga St

2019
Sold
$215,000
24 Jul 2019 by James Nagy, PA, of PALM ISLAND REALTY
2017
Sold
$116,000
28 Jun 2017 by James Nagy
2010
Sold
$48,000
30 Jan 2010 by Matt Schwarz, of CHARLES RUTENBERG REALTY INC

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Local market activity for 3 bedroom single-family properties in Tampa

In the last 12 months, 151 three-bedroom single-family properties similar to 405 E Cayuga St, have been sold.

This represents a 2% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

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