4511 W MCELROY AVE

$825,000

4Bedrooms
4Bathrooms
2,124Sq Ft
1966Year Built
N/AGarage
1Days on Market
0.21 acLot Size

**TURNKEY 4-UNIT INVESTMENT OPPORTUNITY IN SOUTH TAMPA!** Located in a highly desirable South Tampa rental corridor, this property presents an exceptional opportunity for investors seeking a versatile income-producing asset with multiple rental strategies. This well-positioned multifamily property features **four 1-bedroom, 1-bath units**, providing a diversified income stream while maintaining efficient and highly desirable floor plans while being built with solid concrete block construction. Each unit is separately rentable, making the property well suited for traditional long-term rentals, furnished mid-term rentals, or short-term rental strategies. Also this property features a newer roof, with the full roof replacement that was done in 2022! The property's South Tampa location provides convenient access to major roadways, employment centers, shopping, dining, entertainment, and the area's beaches and waterfront destinations. Its proximity to Westshore, Gandy, and surrounding South Tampa neighborhoods further enhances its appeal to both tenants and investors. For investors, the combination of four individual units at this affordable price in an exclusive area creates an attractive opportunity to acquire and operate a flexible multifamily asset. Whether you're looking for immediate rental income, a long-term hold, or additional upside through optimized management and rental strategy, this property offers a compelling investment platform in one of Tampa's most established markets. • Multiple rental strategy options • Strong demand for smaller residential units • Convenient access to Westshore, Gandy and major Tampa thoroughfares • Excellent opportunity for investors seeking income and long-term appreciation potential

Facts & Features

MLS #
MFRTB8544469
PRICE
$825,000
STATUS
Active
BEDROOMS
4
BATHROOMS
4
FULL BATHS
N/A
HALF BATHS
N/A
SQUARE FOOTAGE
2,124 sqft
ACRES
0.21
YEAR BUILT
1966
TYPE
Quadruplex
STYLE
N/A

Amenities

AMENITIES
N/A
PARKING
N/A
VIEW
No
WATERFRONT
No
POOL
No

Exterior

STYLE
N/A
CONSTRUCTION
Block
FOUNDATION
Slab
ROOF
Shingle
FENCING
N/A
LOT DESCRIPTION
N/A

Additional Information

DATE LISTED
September 1, 2026
DAYS ON MARKET
1
ZONING
RM-16
DIRECTION FACES
N/A
NEW CONSTRUCTION
No
SPECIAL CONDITIONS
None

Community Information

ADDRESS
4511 W MCELROY AVE
SUBDIVISION
Baybridge Rev
CITY
Tampa
COUNTY
Hillsborough
STATE
FL
ZIP CODE
33611
SENIOR COMMUNITY
No

Interior

INTERIOR FEATURES
Ceiling Fans(s)
HEATING
Other
COOLING
Mini-Split Unit(s)
FLOORING
N/A
FIREPLACE
N/A
STORIES
N/A
APPLIANCES
N/A

School Information

DISTRICT
N/A
ELEMENTARY
N/A
MIDDLE
N/A
HIGH
N/A

Location

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MPGFL TAMPA LLC