1541 W LA SALLE ST Tampa, FL 33607
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 775 sqft
Price per Sqft $514
Subdivision Collins Philip 2Nd Add
MLS Listing ID TB8511110
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1959
Annual Tax Amount $4,118
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 50x95
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
The property was rezoned from IG (Industrial General) to RM-24 (Residential Multi-Family), with rezoning approved by the City of Tampa in December 2025, creating future residential development potential subject to permitting and approval requirements.
For illustrative purposes, the seller has partnered with Domain Homes to showcase a potential duplex concept: the “Sandhill” floor plan, featuring two units, each with 4 bedrooms, 4 bathrooms, and approximately 1,993 square feet. Floor plans and renderings are included in the listing photos. The current starting base price for the Sandhill model is approximately $619,800, exclusive of full site-specific development costs. Buyers interested in this concept should contact Domain Homes directly for a complete property evaluation and project estimate.
Comparable new-construction townhome product from the builder is currently being marketed in the mid-$700s per side. Based on current builder pricing and comparable product positioning, a completed two-unit duplex project could represent approximately $1.5M in potential total market value. Buyers are not required to use Domain Homes and may explore alternative builders, floor plans, and development concepts subject to their own due diligence and approvals.
Adding to the appeal, a charming 2-bedroom, 1-bathroom home of approximately 841 square feet currently sits on the property and is occupied by a reliable tenant paying $1,300 per month who is willing to remain in place while future development plans are pursued — providing immediate income from day one.
The existing home has been updated with a brand-new HVAC system, a new water heater, fresh interior paint, and new carpeting throughout. Inside, the spacious living room showcases striking, angled high ceilings that create an open, airy feel. Outside, enjoy a large fully fenced backyard with white vinyl fencing and no rear neighbors thanks to the I-275 buffer behind the property.
Location is everything, and this property delivers. Just minutes from Armature Works, the Tampa Riverwalk, Curtis Hixon Park, Julian B. Lane Riverfront Park, downtown Tampa dining, nightlife, and entertainment. Zoned for the highly sought-after Plant High School district.
Whether you are an investor seeking a cash-flowing hold with future upside or a builder looking for your next North Hyde Park project, 1541 W La Salle presents a compelling opportunity in one of Tampa's most rapidly evolving areas.
Buyer to independently verify zoning, development potential, permitting requirements, construction costs, dimensions, and future resale values. Domain photos for a house that could be built on this lot, photos provided by Domain Homes
Location
State FL
County Hillsborough
Community Collins Philip 2Nd Add
Area 33607 - Tampa
Zoning RM-24
Interior
Interior Features Ceiling Fans(s)
Heating Central
Cooling Central Air
Flooring Carpet
Furnishings Unfurnished
Fireplace false
Appliance Cooktop, Microwave, Refrigerator
Laundry Laundry Room
Exterior
Exterior Feature Other
Fence Vinyl
Utilities Available BB/HS Internet Available, Cable Available
View City
Roof Type Shingle
Garage false
Private Pool No
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Frame
New Construction false
Schools
High Schools Plant-Hb
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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