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Lasbury Tracy Realty Inc
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$1,275,000

Active

3901 W Platt St W #12, Tampa, FL 33609

3,012 sq ft

Listing courtesy of KELLER WILLIAMS TAMPA PROPERTIES Β· MLS# TB8534427

61 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this property

Discover an architectural gem that blends timeless elegance with the refined character of South Tampa, offering spacious living and modern updates with outstanding income potential. This impressive 6-bedroom, 3 full and 4 half-bath residence is being thoughtfully renovated and offers remarkable flexibility for investors. Inside, an open-concept floor plan creates an inviting atmosphere filled with natural light. You will find a double-door side entrance with a mudroom for bringing groceries to the gourmet kitchen. The impressive gourmet kitchen features quartz countertops, stainless steel appliances, double ovens, an oversized center island, a commercial-style vent hood, abundant workspace, and a separate prep area that can accommodate extra storage or food preparation. The kitchen makes it ideal for everything from everyday meals to large gatherings. The kitchen flows effortlessly into the expansive dining area and spacious great room, providing the perfect setting for entertaining family and friends. Originally restored in 2019, the home continues to be meticulously maintained. It features numerous significant improvements, including updated electrical wiring, upgraded plumbing, fresh interior and exterior paint, new stucco, an irrigation system, and a tankless water heater. A newly constructed concrete front and back patio enhances curb appeal, while the spacious backyard provides plenty of room for outdoor entertainment, gardening, or future enhancements. This property is currently under alteration and now includes 2 extra bedrooms: one with a half bath and the other with a full bath that includes a toilet, sink, and a walk- in accessible shower. Designed with versatility in mind, the home offers multiple living spaces that can easily act as a 6-bedroom assisted living facility or rehabilitation housing. This use of the property today requires special use approval (S-1). With special use approval (S-1) and a best-use scenario, the property can be expanded to accommodate up to 12 beds. Based on comparable assisted living facilities in the surrounding area, the property can generate excellent tenant space income and long-term equity gain with experienced management. It also presents exciting possibilities: Student housing or short-term rental accommodation. Prime location in the South Tampa Area! Perfectly positioned by Hyde Park Village, Bayshore Boulevard, Downtown Tampa, the Westshore Business District, Mid-Town Tampa, Marina Pointe, and Tampa International Airport. This exceptional property places premier dining, shopping, entertainment, waterfront attractions, and major transportation routes all within easy reach. Whether an expansive personal residence, a multi-purpose property, or a high-potential investment, this unique South Tampa opportunity offers flexibility, location, and endless possibilities.

Facts

Property type
Mixed Use
Year built
1953
Exposure
South
Flood zone
X
Annual taxes
$13,434/yr
Listed
2026-07-27
MLS #
TB8534427

Commercial details

Building & site

Building size
3,063 SF
Lot size
0.2 acres (8,890 SF)
Zoning
RS-60
Ceiling height
10 to 15 Feet
Parking spaces
12
Road frontage
127 ft Β· City Street
Buildings
1
Occupancy
Owner-occupied
Building features
Bathrooms, Common Lighting, Elevator – None, Fencing, Outside Storage, Trash Removal

Investor metrics

Price per SF (MLS)
$416.26/SF
Cap rate
15.11%
Net operating income
$192,600/yr
Gross income
$417,600/yr
Annual expenses
$225,000/yr
Units
1

As reported by the listing broker in the MLS. Not verified by Lasbury-Tracy Realty β€” confirm with the listing broker before relying on them. We never estimate a cap rate.

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3901 W Platt St W #12, Tampa, FL 33609

Listing courtesy of KELLER WILLIAMS TAMPA PROPERTIES Β· MLS# TB8534427 Β· Active

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Which day?
What time of day?

In person Β· Thu, Oct 1 Β· Morning (9-12)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this property is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

Similar properties

Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Sep 30, 2026, 7:58 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]