503 CHESTNUT STREET
About This Property
Rare opportunity in sought-after Tampa Bay location just ONE BLOCK from beautiful waterfront and R.E. Olds Park! This spacious multi-level home offers tremendous potential for the right buyer with vision. Featuring four bedrooms, 2.5 baths, and an impressive 3-car garage with workshop space, this property has excellent bones and awaits your personal touch.
Big-ticket updates have already been completed, including the installation of a new air conditioning unit (2022), solar panels (2022) for enhanced energy efficiency, and a newer roof (2018).
Highlights:
* Prime location near Countryside Mall, shopping, restaurants, entertainment, golf courses, and boating
* Stunning sunset views from the front deck facing Tampa Bay
* Multi-level living with bonus spaces throughout
* First-floor bonus room with wood-burning fireplace
* Workshop off the spacious 3-car garage
* Convenient first-floor laundry
The main level welcomes you with a decorative tile entryway that flows into the living room, featuring a custom stained glass window and a distinctive panel ceiling. The kitchen features solid surface counters, a breakfast bar, and an appliance package, opening to a casual dinette area.
The primary suite features a sitting area, built-in shelving, and an en-suite bath with dual vanity sinks and a hydrotherapy tub. Three additional bedrooms, including two upper-level rooms with beamed ceilings and walk-in closets, provide ample space for family and guests.
The versatile third floor features a bonus room with a kitchenette and private balcony-ideal for in-laws, a home office, or a creative workspace.
Enjoy plenty of storage throughout, including an attic, a front deck with gorgeous sunset views, and a short stroll to parks, boating, golf, movies, shopping, and restaurants.
This home needs some TLC but offers a rare chance to create your dream space in a truly unbeatable location.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Price Decreased |
$325,000
↓ $25K
(7.1%) | |
| Price Decreased | |||
| Aug 29, 2025 | Price Decreased |
$350,000
↓ $10K
(2.8%) | |
| Price Decreased | |||
| Jul 24, 2025 | Price Decreased |
$360,000
↓ $15K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017