• $695,000List Price
  • ActiveStatus
  • 100Number of Photos
  • 27.94369Latitude
  • 114 S Bungalow Park AvenueAddress
  • S Bungalow Park AvenueStreet
  • TampaTown
  • FLState
  • 33609Zip
  • HillsboroughCounty
  • Residential IncomeProperty Type
  • TB8491887MLS Number
  • 4Bedrooms
  • 2,160Square Feet
  • 1940Year Built
  • 0.28Acreage

Listing Tools

*Being sold along with neighboring corner-lot property, 2801 W Cleveland St* Attention Developers, Investors, and Savvy Owner Occupants: Rare opportunity to acquire a multifamily-zoned parcel with existing structures in one of South Tampa's most centrally located and fastest growing corridors, just minutes from Hyde Park, Midtown, and Downtown Tampa. The owner's retirement presents a unique chance to secure a 6,150 sq ft (0.14 acre) RM-16 lot with significant value-add and redevelopment potential in a proven townhome corridor. So what makes this one so special? 1) Two buildings, total of 3 units on one lot: The property features a 2/1 single-family home (1,064 heated sq ft) and a two-story duplex with one 1/1 unit on each floor (1,096 heated sq ft total). 2) Value-add opportunity, all units requiring renovation, offering investors the ability to increase overall asset value. Some work on the properties in recent years include: The single-family home features a newer roof (2020) and recent plumbing and electrical updates within the past 2 years, along with minor hurricane-related repairs. Has central air. The duplex has a roof less than 5 years old, electrical updated 2 years ago, and plumbing updated 1.5 years ago, with A/C provided via wall units. 3) Separately metered water, simplifying future management and rental efficiency. 4) Development upside: RM-16 zoning supports multifamily redevelopment. Based on lot size and location, strong potential for future townhome development. 5) Prime South Tampa location: Located within the highly sought-after Mitchell-Wilson-Plant school district and minutes from Hyde Park Village, Midtown, Downtown Tampa, and Howard Ave. Easy access to I-275, Tampa International Airport, and the University of Tampa. Additional opportunity: Seller is also offering the neighboring corner lot with an existing duplex. See 2801 W Cleveland St. Purchase both for a combined 12,300 sq ft of land and 5 total units, maximizing development scale, design flexibility, and long-term upside. Whether you're looking to renovate and reposition for long-term cash flow, or redevelop into a high-end product, opportunities like this in core South Tampa are increasingly rare. Easy to show. No HOA/CDD. Arborist Reports, MLS info sheets and property disclosures available. No assignable contracts accepted.

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Listings courtesy of StellarMLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 14, 2026 11:34 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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