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Back 505 S Delaware Ave
Off Market

505 S Delaware Ave

Tampa FL 33606

2
2
1944 sq. ft.
3200 sq. ft.
Single-Family
Last sold for $550,000
Kathryn WingadKathryn Wingad, last sold this property on 21 April 2025 after 75 days on market.

Overview

Step into this charming historical duplex in the heart of Hyde Park's sought-after historic district. Built in 1919, this property is mid renovation, but has already undergone essential updates, including new plumbing, electrical, structural reinforcements, HVAC system, and a new roof, providing peace of mind for future development. The biggest expenses have been completed, so it just needs someone take it the rest of the way to completion! Currently configured as two 1-bedroom, 1-bath units, this property offers flexibility for a variety of investment strategies. With its prime location, just a short walk from Bayshore Boulevard, the Hyde Park Village shopping and dining district, and a variety of entertainment options. This duplex is perfectly positioned for high-demand rental income, whether through long-term leases, or a short term vacation rental. The top-floor unit features a bonus room, offering potential to convert the layout into a 2-bedroom, 1-bath upstairs and a 1-bedroom, 1-bath downstairs, or even a spacious single-family home. The lot includes space for convenient rear parking with alley access, adding to its appeal as a rental or residence. Situated on a cleared lot in the heart of the city, this property is not only a promising investment but also a rare opportunity to own a piece of Tampa's history. The potential ARV exceeds $1.2 million, with an estimated 0.13 ROI for long-term rentals, and even greater returns possible through short-term rentals. Don't miss out on this unique opportunity to invest in one of Tampa's most desirable neighborhoods.

Features

2 bedrooms
2 bathrooms
1944 sq. ft. floor area
3200 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Tampa over the last 12 months, the estimated median property value of 505 S Delaware Ave is $649k.

Median value
$649k
Estimated value range
$172.5k - $1.5m
Median days on market
61
Estimated value trend
-20%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Tampa. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 505 S Delaware Ave

2025
Sold
$550,000
21 Apr 2025 by Kathryn Wingad, of BHHS FLORIDA PROPERTIES GROUP
2022
Sold
$611,000
28 Feb 2022 by Nadia Daggett, of GRAYSTONE REAL ESTATE
2004
Sold
$220,000
26 Nov 2004 by ISOBEL BAHN, of RE/MAX ACR ELITE GROUP, INC.

Happy sellers in Tampa

86%
86% of sellers in Tampa reported that their sale price either exceeded or met their price expectations.

Tampa stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 7 reviews in Tampa over the last 12 months.

Local market activity for 2 bedroom single-family properties in Tampa

In the last 12 months, 9 two-bedroom single-family properties similar to 505 S Delaware Ave, have been sold.

This represents a 50% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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Jessica Scialletti is a recommended agent for Tampa.  They have 1 local sale and collected 1 local review across the last 12 months.

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