Overview
- Updated On:
- October 6, 2026
- 8 Bedrooms
- 2,606 ft2
Description
Fully rented multi-unit investment opportunity just minutes from Armature Works and Downtown Tampa. This income-producing property features multiple structures with strong rental flexibility and future development potential in a rapidly growing corridor.
The front building includes a 4 bedroom / 2 bath layout currently configured into four individual units, plus an upstairs 2 bedroom / 1 bath unit and an additional 1 bedroom / 1 bath unit below. In the rear of the property, a detached 1 bedroom / 1 bath cottage provides additional income and tenant appeal. Property features include community laundry, private laundry inside the 4/2, and multiple rental configurations designed to maximize cash flow. Prime location near the Riverwalk, Armature Works, Downtown Tampa dining, retail, and major employment hubs. Fully rented with immediate income in place. Strong cash flow today with long-term appreciation and redevelopment upside. Ideal for investors seeking stabilized returns in a high-demand area.
Address: 316 W COLUMBUS DRIVE
City: TAMPA
Area: WEST HIGHLANDS
State/County: Hillsborough
Zip: 33602
Country: United States
Property Id: 100852275
Price: $999,999
Property Size: 2,606 ft2
Property Lot Size: 0 ft2
Bedrooms: 8
CoListAgentFullName: Jimmy Brylinke, II
CoListAgentMlsId: 260036682
Co List Office Mls Id: 260031755
Co List Office Name: REALTY EXPERTS
Construction Materials: Wood Frame, Wood Siding
Contract Status Change Date: 2026-02-16
Cooling: Central Air, Mini-Split Unit(s)
Cumulative Days On Market: 231
Days On Market: 231
Directions: From I-275, take Exit 44 toward Downtown East/West and merge onto N Tampa Street heading south; continue approximately 0.6 miles, then turn right onto W Columbus Drive, and the property will be on the south (right) side of the street.
Flooring: Ceramic Tile
FoundationDetails: Pillar/Post/Pier
Heating: Wall Units / Window Unit
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
InternetEntireListingDisplayYN: 1
LaundryFeatures: Inside, Laundry Closet
ListAOR: Suncoast Tampa
ListAgentAOR: Suncoast Tampa
ListAgentEmail: kylejnoseworthy@gmail.com
ListAgentFullName: Kyle Noseworthy
ListAgentKey: 2bff1b905033137739d6d7dc2e46f129
ListAgentMlsId: 261567715
ListAgentPreferredPhone: 215-589-3677
ListOfficeKey: 096e966950ee67192d18e8f6c3ba95d9
ListOfficeMlsId: 260031755
ListOfficeName: REALTY EXPERTS
ListOfficePhone: 727-888-1000
ListingContractDate: 2026-02-16
ListingId: TB8476378
ListingKeyNumeric: 782076092
ListingTerms: Cash, Conventional
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotSizeArea: 7440
LotSizeSquareFeet: 7440
LotSizeUnits: Square Feet
MLSAreaMajor: 33602 - Tampa
MlsStatus: Active
NumberOfBuildings: 1
NumberOfUnitsTotal: 4
OnMarketDate: 2026-02-16
OriginalListPrice: 1199900
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: A1329184Y300000100008.0
PhotosCount: 44
PostalCodePlus4: 1331
RoadSurfaceType: Paved
Roof: Shingle
STELLAR_AlternateKeyFolioNum: A-13-29-18-4Y3-000001-00008.0
STELLAR_AnnualNetIncome: 90108
STELLAR_CalculatedListPriceByCalculatedSqFt: 383.73
STELLAR_CensusTract: 42.00
STELLAR_CreateAutomaticVirtualTourYN: 1
STELLAR_CurrentPrice: 999999
STELLAR_DPRURL: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8476378?w=Agent&skip_sso=true
STELLAR_DPRURL2: https://www.workforce-resource.com/dpr/listing/MFRMLS/TB8476378?w=Customer
STELLAR_DPRYN: 1
STELLAR_FloodZoneCode: X
STELLAR_FloodZoneDate: 2021-10-07
STELLAR_FloodZonePanel: 12057C0354J
STELLAR_ListOfficeContactPreferred: 727-888-1000
STELLAR_ListOfficeHeadOfficeKeyNumeric: 167630234
STELLAR_ListSource: MATRIX
STELLAR_ListSourceOriginal: MATRIX
STELLAR_MlsMajorChangeType: Price Decrease
STELLAR_OfficeIDXOfficeParticipationYN: 1
STELLAR_OfficeSyndicateTo: Apartments.com, International MLS, Realtor.com, Zillow Rental, SkySlope Offers
Sewer: Public Sewer
SourceSystemKey: 782076092
SpecialListingConditions: None
StateOrProvince: FL
StreetDirPrefix: W
StreetName: COLUMBUS
StreetNumber: 316
StreetNumberNumeric: 316
StreetSuffix: DRIVE
TaxAnnualAmount: 5072
TaxBlock: 1
TaxBookNumber: 2-37
TaxLegalDescription: WEST HIGHLANDS LOT 8 LESS N 6 FT FOR R/W BLOCK 1
TaxLot: 8
TaxYear: 2024
Utilities: Public
WaterSource: Public
YearBuilt: 1921
Zoning: RM-16
Other Features
Ceiling Fan(s)
Courtyard
Has Cooling System
Has Heating System
Private Yard
Walk-In Closet(s)
$5,127.19
per month
- Principal and Interest
- Property Tax
- HOA fee
- Private Mortgage Insurance
$ 3,877.19
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