Does a Multi-Family (Duplex, Tri or Quad) in the Tampa/St. Pete armake sense in 2025?

[Chris Noles]

Hi,

I am about to wrap up 3 years of experience self-managing a beachfront STR condo in Myrtle Beach, and I am thinking about making a move into an LTR for a few personal reasons.

I really like the Tampa/St. Pete area because of the milder, warmer winters, and I am trying to see if I can structure a deal on a Duplex, Tri or Quad that would give me an extra bedroom to use as an STR and/or place for me to escape to in the winter while the other 2 or 3 tenants help pay my mortgage.

I am concerned about the increasing insurance costs and natural disasters, and I am curious to know if the numbers could still work to cashflow on something at a $350K to $500K price point with today's interest rates.

I would even consider going further inland to Ocala, but I am not a big fan of Orlando/Central Florida.  I would like something about 15 to 30 mins. from the gulf coast.

I appreciate any feedback from landlords, realtors or other professionals in the area.

Thanks!

[Raymond J. Rodrigues]

Hey @Chris Noles, reach out to @Josh Green. He is our local expert and has a true pulse on our current market. He’s probably the most active investor and investor focused agent here on the forums to be honest with you. I’ve worked with him on a ton of deals and can definitely vouch for him.