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Quadplex in Non-Flood Zone
For Sale
$570,000

10598 106TH Avenue, Largo, FL 33773

MULTI_FAMILY - LARGO, FL

Property Size1,860 SF
Lot Size0.27 Acres
Price / SF$306.45
Days on Market25

Property Features for 10598 106TH Avenue

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Zoning R-4
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 4, Family Room, Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1
Parking features Driveway
Interior features Kitchen/Family Room Combo, Open Floorplan
Exterior features Lighting
Subdivision SEMINOLE PARK MANOR
Elementary school Starkey Elementary-PN
Middle school Osceola Middle-PN
High school Seminole High-PN
Directions Seminole Blvd, East On 106 Th Ave (Poor Bob'S Convenience Store Is On The Corner) Units Are Approx 3 Buildings Down On The Right
Standard status Active
APN 15-30-15-80046-000-0050
Size 1,860 SF
Lot size 0.27 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description SEMINOLE PARK MANOR LOT 5 & W 10FT OF LOT 6
Tax Annual Amount 7791
Legal Description SEMINOLE PARK MANOR LOT 5 & W 10FT OF LOT 6

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central, Ductless (Heating)
Cooling system Central Air, Window Unit(s), Wall/Window Unit(s)
Water source Public

Building Details

Year built 1957
Flooring type Tile
Building materials Block, Concrete, Stucco
Roof type Membrane
Listing Agency: EXP REALTY LLC
Listed By: Jeffrey Borham, PA · License #3115528
Added: Jul 9 Changed: Aug 1 Last Checked: Aug 2 at 12:06PM
MLS# TB8529613

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This quadplex offers four one-bedroom, one-bathroom units across two separate buildings, with two units in each building. The property is described as located in a non-flood zone. Three units are currently rented, while the fourth unit is being renovated, creating an opportunity to increase income with updated finishes. Two of the units include attached one-car garages. Construction is block, concrete, and stucco, with tile flooring throughout. The property was built in 1957 and features a driveway for parking, plus an interior open floorplan and kitchen/family room combo layout. Heating includes electric and central systems with ductless options, and cooling includes central air plus window and wall/window units.

The property is located at 10598 106TH Avenue, Largo, FL 33773 in Pinellas County. It sits on 0.27 acres and is served by public water and public sewer. Roofs are reported as membrane, with a 2024 roof on one building and a 2017 roof on the other.

Zoned R-4, this income-focused multi-family property totals 1,860 square feet.

Key Highlights

  • Non‑flood zone quadplex with four one‑bedroom, one‑bath units across two separate buildings
  • 3 units currently rented; 1 unit being renovated
  • 2 attached one‑car garages among the four units

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $33.3k $17.88
− Vacancy −$2.2k −$1.21
EGI $31.0k $16.67
− OpEx −$9.3k −$5.00
NOI $21.7k $11.67
1,860 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$310.2K
$271.4K – $361.9K (±1% cap)
NOI $21,711 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$244.4K
$213.8K – $285.1K (±1% cap)
NOI $17,107 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$483.8K
$423.3K – $564.4K (±1% cap)
NOI $33,866 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Food Market Grocery & Convenience Store Law Firm Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

558
Businesses Nearby

Demographics for 33773, FL

17,494
Population
8,353
Households
2.1
Avg Household Size
48
Median Age
31%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
3,430
Density / Sq Mi
$74,115
Median Household Income
$46,759
Median Earnings
$1,567
Median Rent
$280,600
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit quadplex in R-4 zoning with public water and sewer, split across two buildings.
Where is this quadplex located?
The property is located at 10598 106TH Avenue Largo, FL.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Non‑flood zone quadplex with four one‑bedroom, one‑bath units across two separate buildings; 3 units currently rented; 1 unit being renovated; 2 attached one‑car garages among the four units
More about this property
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