Prime 6-Unit Multi-Family Investment Package | Lutz, FL.. An exceptional turnkey investment opportunity located in unincorporated Hillsborough County. This multi-family package consists of two contiguous parcels featuring two single-story, concrete block buildings totaling 6 residential units (each 2 Bed / 1 Bath). Situated in the Clewell Heights First Addition subdivision, the properties offer strong, stable cash flow driven by long-term tenants and high local rental demand. Key Property Highlights Turnkey Condition & Recent Capital Improvements: New Roofs (2024) across both structures. Exterior Paint (2024) and well-maintained grounds. Updated kitchens and bathrooms with newer appliances. Low-Maintenance Construction: Durable solid concrete block/masonry construction on slab foundations with asphalt shingle roofing and individual central A/C units for every unit. Tenant Amenities: Dedicated common off-street parking lot and convenient access to local transit. High-Demand Location: Positioned just minutes from the University of South Florida (USF), major shopping centers, and key thoroughfares connecting Tampa, Lutz, Land O' Lakes, and Wesley Chapel. Property & Parcel Breakdown: Parcel 1 (Folio: 035006-0000) Parcel 2 (Folio: 035007-0000) Combined Total Portfolio Site Address 2501 Irene St, Lutz, FL 33549 Unit Count. 4 Units (2 Bed / 1 Bath) 2 Units (2 Bed / 1 Bath) 6 Total Units. Year Built 1971 Living Area (Heated) 2,500 sq. ft. ~1,134–1,200 sq. ft. ~3,634–3,700 sq. ft. Lot Size 17,000 sq. ft. (~0.39 Acres) RMC-16 (Multi-Family) Concrete Block / Masonry on Slab Central A/C 6 units Individual Central A/C New Roofs (2024) Legal Description Clewell Heights First Add Lot 4 Block 2, Clewell Heights First Add Lot 5 Block 2 Lutz/North Tampa is one of the region’s most consistent rental submarkets, sustained by proximity to major employment hubs and top academic institutions. Connectivity: Immediate access to major arteries providing quick commutes to Downtown Tampa, USF Medical District, and rapidly growing suburban hubs like Wesley Chapel.
For sale
$1,200,000
2501 IRENE STREET, LUTZ, FL 33549
12beds
6baths
3,634sqft
Quadruplex, Multi Family
Built in 1971
-- sqft lot
$1,138,100 Zestimate®
$330/sqft
$-- HOA
What's special
Asphalt shingle roofingWell-maintained grounds
- 12 days
- 175
- 9
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Brian Bernhard 813-833-5509,
COLDWELL BANKER REALTY 813-289-1712
Source: Stellar MLS,MLS#: TB8553176
Originating MLS: Suncoast Tampa

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Microwave, Refrigerator
- Laundry: None
Features
- Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
- Flooring: Tile
- Has fireplace: No
Interior area
- Total structure area: 3,768
- Total interior livable area: 3,634 sqft
Video & virtual tour
Property
Parking
- Parking features: Assigned, Common, Driveway, Ground Level, Off Street, Open, Parking Pad
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch
- Exterior features: Private Entrance, Private Mailbox, Private Yard
Lot
- Size: 0.39 Acres
- Dimensions: 170 x 100
- Features: In County, Landscaped, Level, Street Dead-End
Details
- Additional parcels included: U-05-28-19-1FP000002-00005.0
- Parcel number: U0528191FP00000200004.0
- Zoning: RMC-16
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
- Attached to another structure: Yes
Materials
- Block
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Aerobic Septic
- Water: Public
- Utilities for property: Electricity Connected, Fire Hydrant, Street Lights, Water Connected
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: CLEWELL HEIGHTS FIRST ADD
HOA
- Has HOA: No
Location
- Region: Lutz
Financial & listing details
- Price per square foot: $330/sqft
- Tax assessed value: $296,699
- Annual tax amount: $8,271
- Date on market: 9/30/2026
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Lease term: 12 Months
- Total actual rent: 6600
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved, Asphalt
Estimated market value
$1,138,100
$1.08M - $1.20M
$1,513/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Listed for sale | $1,200,000+433.3%$330/sqft |
Source: | ||
| 4/27/2000 | Sold | $225,000+91.5%$62/sqft |
Source: Public Record Report a problem | ||
| 6/10/1998 | Sold | $117,500$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,176 +11.9% | $224,121 +10% |
| 2024 | $4,625 +4.7% | $203,746 +10% |
| 2023 | $4,419 +10.3% | $185,224 +10% |
| 2022 | $4,004 +16.5% | $168,385 +10% |
| 2021 | $3,437 +10% | $153,077 +10% |
| 2020 | $3,126 +10.2% | $139,161 +10% |
| 2019 | $2,835 | $126,510 +8.3% |
| 2018 | $2,835 +15.4% | $116,868 +11.8% |
| 2017 | $2,456 +8.6% | $104,554 +1.8% |
| 2016 | $2,261 -1.2% | $102,732 +10% |
| 2015 | $2,289 +7.7% | $93,393 -2.6% |
| 2014 | $2,126 | $95,900 +3.2% |
| 2013 | $2,126 +7.1% | $92,918 +8.5% |
| 2012 | $1,986 -16.6% | $85,625 -18.5% |
| 2011 | $2,382 -3.1% | $105,027 -4.1% |
| 2010 | $2,459 -14.2% | $109,541 -15.4% |
| 2009 | $2,867 -21.4% | $129,481 -22.9% |
| 2008 | $3,649 +14.1% | $167,896 +13.2% |
| 2007 | $3,198 -10.4% | $148,367 -3% |
| 2006 | $3,568 +6.8% | $152,990 +10.9% |
| 2005 | $3,341 | $137,963 +10.3% |
| 2004 | -- | $125,050 +22% |
| 2003 | -- | $102,467 -2.4% |
| 2002 | -- | $105,037 +3.4% |
| 2001 | -- | $101,584 +5.9% |
| 2000 | $2,657 | $95,929 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 33549
Nearby schools
Schools provided by the listing agent
- Elementary: Mort-HB
- Middle: Buchanan-HB
- High: Freedom-HB
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




