506 E SPARKMAN AVENUE, TAMPA, Hillsborough, Residential Income

Priced at $635,000, this fully updated 2-unit property is the ideal 1031 exchange investment or the perfect live-in-one, rent-one-out scenario for the savvy buyer looking to offset their mortgage in one of Tampa’s hottest neighborhoods. Both units feature 2 bedrooms and 1 bath, offering comfortable and functional layouts that appeal to a wide range of tenants. The property has been thoughtfully upgraded with major systems already addressed — including a brand new 2024 roof, 2022 HVAC, and 2021 water heater — giving the next owner true peace of mind and minimal near-term capital expenditure. Sitting on a large, oversized lot with room to breathe, this Tampa Heights gem is perfectly positioned for long-term appreciation. You’re just 1 mile from Armature Works, 2 miles from Water Street, and moments from the energy of Downtown Tampa — all while enjoying the charm and community feel of one of the city’s most sought-after historic neighborhoods. With over $65,000 in documented improvements invested across recent years — covering kitchens, bathrooms, flooring, appliances, plumbing, electrical, and exterior maintenance — this property has been consistently cared for and is move-in ready. The next chapter of Tampa Heights starts here. It starts with this property.