When buyers and investors ask us where the strongest return on investment is in South Tampa, ZIP code 33611 is always part of the conversation—and for good reason.
At The Lewkowicz Group, Emeri and Joe Lewkowicz have spent more than 40 years combined helping buyers, sellers, and investors understand what truly drives long-term value in Tampa’s most desirable neighborhoods. In 33611, ROI is not just about purchase price—it’s about location, demand, rental strength, future appreciation, and the ability to reposition a property over time.
The 33611 market continues to show solid fundamentals, with median home values ranging roughly from the low $500Ks to mid $500Ks and steady year-over-year appreciation, while rental demand remains strong with median rents around $2,675–$2,800 per month.
So, what types of properties tend to offer the best ROI here?
1. Updated Single-Family Homes South of Gandy
In our experience, updated 3-bedroom single-family homes in the South of Gandy and Southwest Tampa sections of 33611 often deliver some of the most reliable long-term returns.
These homes attract a wide buyer pool:
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young professionals
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growing families
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military relocation buyers from nearby MacDill Air Force Base
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long-term renters
That consistent demand supports both resale value and rental income.
Emeri and Joe often advise investors to focus on homes with strong curb appeal, functional layouts, and room for cosmetic improvements. A property that needs kitchen updates, flooring, or exterior refreshes can often create instant equity without requiring a full-scale renovation.
The beauty of this asset type is flexibility—you can hold it as a rental, flip it, or eventually resell to an owner-occupant at a premium.
2. Townhomes and Low-Maintenance Properties
For investors seeking easier management and lower maintenance exposure, well-located townhomes in 33611 can offer excellent ROI.
These properties are especially attractive to:
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first-time buyers
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downsizers
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traveling professionals
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tenants looking for South Tampa access without single-family pricing
Joe often points out that ROI here is driven by turnover speed and consistent occupancy. Properties close to major corridors like Gandy Boulevard, Dale Mabry, and the Selmon Expressway tend to lease quickly because of convenient access to Downtown Tampa, Hyde Park, and St. Petersburg.
The lower maintenance burden can improve net returns, especially for out-of-state investors.
3. Value-Add Homes on Larger Lots
This is where local expertise really matters.
Some of the best ROI opportunities in 33611 come from older homes sitting on oversized lots.
Emeri is especially skilled at identifying properties where the land value itself creates upside. In South Tampa, lot size, zoning potential, and redevelopment trends can dramatically affect return.
A dated home on a strong lot may offer multiple exit strategies:
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renovate and resell
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tear down and build new
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hold for appreciation
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convert to premium rental housing
These are often the properties sophisticated investors target because appreciation potential extends beyond the structure itself.
4. Properties Near MacDill and Waterfront Corridors
Homes near MacDill Air Force Base and areas with easy access to Bayshore and waterfront-adjacent neighborhoods tend to perform well for both appreciation and rental demand.
Military relocations create a steady tenant pipeline, and many renters are looking for quality housing in move-in-ready condition.
Joe and Emeri frequently guide investors toward properties in these micro-markets because the tenant demand is more resilient, even when broader markets slow.
Final Thoughts from Emeri & Joe
The best ROI in 33611 is rarely about chasing the cheapest property.
It’s about buying the right property in the right pocket of South Tampa.
With over four decades of combined market knowledge, Emeri and Joe Lewkowicz help clients look beyond the surface and identify where demand, appreciation, and income potential truly intersect.
In this ZIP code, the strongest returns usually come from updated single-family homes, value-add opportunities, and strategically located townhomes.
That local insight is what turns a good purchase into a great investment.
