Tampa, FL multifamily market
Tampa multifamily values are adjusting as substantial new construction inventory balances against steady population growth. Transactions across the metro typically trade between $155 and $280 per square foot, averaging roughly $223 per square foot.
What's driving Multifamily prices in Tampa
Multifamily sale prices softened modestly over the search window as elevated supply and higher borrowing costs rebalanced yields.
- Elevated delivery of new apartment units putting pressure on Class A occupancy
- Rising property insurance rates and tax assessments impacting operating margins
- Steady in-migration and job gains maintaining underlying renter demand
Market intelligence
Tracking this market · 6 comps · 12-month median $240/SF · latest deal Aug 2026.
This quarter: 0 comps added to our corpus in Q4 2026. Trend medians use closed-deal dates from our growing comp corpus; automated estimates, not an appraisal.
Where these comps are
Momentum FlatPins are geocoded from each comp's public address, so positions are approximate. Comps quoted at the submarket level aren't pinned. The shaded area is Tampa's municipal boundary, coloured to match the momentum read above.
Recent Multifamily comps in Tampa, FL
| Address | Date | Type | Size (SF) | Units | Price / Rate | $/SF | $/Unit | Cap Rate | Tenancy | Year Built |
|---|---|---|---|---|---|---|---|---|---|---|
| 1702 W Cleveland St, Tampa, FL estimate | Aug 2026 | Sale | 291736 | 259 | $70,000,000 | $240 | $270,270 | Multi-tenant, residential | 2015 | |
| 17220 Heart of Palms Dr, Tampa, FL estimate | Jun 2026 | Sale | 433188 | 378 | $67,500,000 | $156 | $178,571 | Multi-tenant, residential | 2002 | |
| 1116 W Carmen St, Tampa, FL estimate | Feb 2026 | Sale | 210758 | 251 | $57,000,000 | $270 | $227,092 | Multi-tenant, residential | 2024 | |
| 1820 Crosstown Club Pl, Tampa, FL estimate | Dec 2025 | Sale | 307353 | 300 | $62,700,000 | $204 | $209,000 | Multi-tenant, residential | 2009 | |
| 6608 S West Shore Blvd, Tampa, FL news | Apr 2025 | Sale | 261970 | 246 | $73,000,000 | $279 | $296,748 | 5.1% | Multi-tenant, residential | 2013 |
| 15350 Amberly Dr, Tampa, FL estimate | Nov 2024 | Sale | 433125 | 315 | $82,000,000 | $189 | $260,317 | Multi-tenant, 94% occupied | 1997 | |
| Median of 6 recent sales · $222/SF | $222 | |||||||||
No comps in this filter.
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Tampa, FL, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.