506 E Sparkman Ave, Tampa, FL, 33602
About This Home
Priced at $675,000, 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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1964
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Block
Type & Style
- Home type: MultiFamily
- Property subType: Duplex,Multi Family
Interior
Appliances
- Laundry features: Inside,Laundry Closet
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Eating Space In Kitchen,Kitchen/Family Room Combo,Primary Bedroom Main Floor
- Flooring: Vinyl
Heating & Cooling
- Heating features: Central,Electric
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,852 sqft
Property
Details
- Parcel number: A1329184XD00000200008.1
- Zoning: RM-24
- Special condition: None
Features
- Fencing: Fenced
Lot
- Lot size: 5,814 sqft
- Lot size dimensions: 57 x 107
Parking
- Total spaces: 1
- Parking features: Carport
- Covered spaces: 1
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hurricane
- Heat Wave
- Lightning
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Hillsborough County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,185 | $38,220 |
| Home Insurance * | $145 | $1,740 |
| Property Taxes | $440 | $5,280 |
| Electricity | $197 | $2,366 |
| Total | $3,967 | $47,604 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $675,000 |
| 2023-02-27 | Pending sale | $650,000 |
| 2022-11-22 | Listed for sale | $650,000 |
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