1403 COLLEGE PARK LANE, TAMPA, FL, 33612
Active199 days on marketListed Jan 27, 2026MLS #TB8466971
About this home
1403 COLLEGE PARK LANE
Excellent Value-Add Triplex Near USF – NEW PRICE BELOW Appraised Value!!! (Appraised 11/2024 at $455,000) Here’s a rare opportunity to acquire a cash-flowing triplex in one of Tampa’s strongest rental corridors—with one unit vacant and ready for immediate occupancy or higher rents. Current Performance Unit A (Middle – 3 Bed / 1 Bath): Leased at $1,900/month. Solid block construction, in-unit washer/dryer, and central A/C. Unit B (Right – 1 Bed / 1 Bath): Leased at $1,250/month. Frame construction with window A/C. Unit C (Left – Efficiency / 1 Bath): Vacant and ready. Frame construction with window A/C. Ideal for an owner-occupant, a new tenant at market rent, or a light value-add refresh. Current monthly income from leased units: $3,150 Rent Unit C for the going rate of $1,000 and the monthly income goes back to the previous $4,150+ monthly gross. Investor Advantages Association covers water, sewer, and trash (single community meter) — a meaningful reduction in operating expenses. Each unit is individually metered for electricity, so tenants pay their own power. Mix of unit sizes attracts students, young professionals, medical workers, and small families. Proven rental demand just minutes from the University of South Florida, major shopping and dining, public transit, and quick access to I-275. Whether you want a turnkey income property, an owner-occupy opportunity (live in Unit C while the other two pay the mortgage), or a light value-add play, this triplex delivers solid fundamentals in a high-demand Tampa location—and it’s priced below its recent appraisal. Perfect for 1031 exchanges or portfolio expansion.
Facts & features
The home at a glance
4
Bedrooms
1,656
Sqft
0.25 ac
Lot size
1965
Year built
$266
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record and the real association fee — not generic estimates.
$3,656 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$3,656/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
$/sqft vs Tampa actives
$266 vs $301
Days on market
199 vs 43 typical
Where $266/sqft sits among the 400 Tampa actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside University
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Tampa. See the full Tampa guide →
University — neighborhood snapshot
Population
58,530
Median age
33
Median income
$34,230
Median home value
$44,919
Avg household
2
Households w/ children
4,879
For the school run
Hillsborough County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Tampa market
$413K → $430K
Tampa median sold, yr/yr
97.0%
Sale-to-list ratio (12 mo)
226 of 400
Tampa actives have cut their price
Median sold price, Tampa, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 43% above the TAMPA 33612 median. See the full Tampa market guide →
Paper trail
This home's history
Reality check
What actually sold near 1403 COLLEGE PARK LANE
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Apr ’26$400,000
1414 MALUHIA DRIVE · same community
6 bd · 3 ba · 1,968 sqft · $203/sqft · 25 DOM
Sold · Oct ’25$235,000
1407 COLLEGE PARK LANE · same community
3 bd · 2 ba · 1,200 sqft · $196/sqft · 172 DOM
Sold · Nov ’25$239,000
1407 E 122ND AVENUE · same community
2 bd · 1 ba · 720 sqft · $332/sqft · 5 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Rui Ma
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1403 COLLEGE PARK LANE — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1403 COLLEGE PARK LANE — before you fall in love.
See it in person
Schedule a tour
Pick a day that works — this goes straight to Rui's phone and CRM.
Straight answers
1403 COLLEGE PARK LANE FAQs
What would the monthly payment be for 1403 COLLEGE PARK LANE?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,656/mo — principal and interest, the actual property-tax bill, the $273/mo association fee and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
How much are the HOA fees at 1403 COLLEGE PARK LANE?+
The association fee works out to $273 per month. Ask us for the full association documents — they spell out exactly what the fee covers.
What are the property taxes on 1403 COLLEGE PARK LANE?+
The most recent tax bill on record (2024) was $5,258. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1403 COLLEGE PARK LANE?+
The listing reports pets: Breed Restrictions. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Tampa?+
At $440,000, this home is listed about 2% below the Tampa median of $449,900. The market section on this page shows how the area is trending.
Which schools are assigned to 1403 COLLEGE PARK LANE?+
Miles Elementary School (elementary), Buchanan Middle School (middle), Gaither High School (high), Patricia Sullivan Metropolitan Ministries Partnership School (elementary) — Hillsborough County School District. Always verify school assignments with the district before relying on them.
The brief
Four things that matter here
01Positioned at the premium end
$440,000 runs 43% above the TAMPA 33612 median.
02Time on market is leverage
199 days on market against a Tampa median of 43 — sellers in this position are usually ready to negotiate.
03Strong assigned schools
Miles Elementary School, Buchanan Middle School, Gaither High School, Patricia Sullivan Metropolitan Ministries Partnership School — Gaither High School rates 4 of 5. Always verify assignments with the district.
04The price has already moved
Listed at $450,000, now $440,000 — a $10K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of DALTON WADE INC · Michael Brule. MLS #TB8466971.
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. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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