Updated Duplex With Fenced
For Sale
$430,000
11301 110TH Terrace, Largo, FL 33778
Residential Income, LARGO, FL
Property Size1,592 SF
Lot Size0.23 Acres
Price / SF$270.10
Days on Market88
Property Features for 11301 110TH Terrace
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Interior features
Built-in Features, Split Bedroom
Exterior features
Fence
Fencing
Fenced
Subdivision
ORANGE BLOSSOM RIDGE
Directions
Use GpS
Standard status
Active
APN
16-30-15-64043-002-0140
Size
1,592 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGE BLOSSOM RIDGE UNIT 1 BLK 2, LOT 14
Tax Annual Amount
5786
Legal Description
ORANGE BLOSSOM RIDGE UNIT 1 BLK 2, LOT 14
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Building materials
Block
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Brett Tesney · License #3070433
(727) 482-3944
Added: Jun 9
Changed: Sep 3
Last Checked: Sep 4 at 9:06AM
MLS# TB8516483
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 duplex contains 1,592 square feet on a 0.23-acre lot and was built in 1970. The unit mix includes one three-bedroom, two-bath residence and a separate one-bedroom, one-bath residence. Improvements include tiled flooring, fresh interior paint, updated bathrooms, central heating and cooling, block construction, and a shingle roof. Each unit has its own fenced backyard, while the larger residence also includes a Florida room suitable for office, exercise, or dining use.
The property is located in Largo, within minutes of Seminole Mall, St. Pete College, and Walsingham Park, with beaches a short distance away. Public water and sewer serve the property, and cable is available. R-4 zoning supports the duplex configuration.
The property is located in Largo, within minutes of Seminole Mall, St. Pete College, and Walsingham Park, with beaches a short distance away. Public water and sewer serve the property, and cable is available. R-4 zoning supports the duplex configuration.
Key Highlights
- Two‑unit duplex with one 3‑bedroom, 2‑bath unit and one 1‑bedroom, 1‑bath unit
- 1,592 square feet on a 0.23‑acre lot
- Separate fenced backyards for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,582
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,640
$371.6K
Cap Rate 7%
$265,457
$265.5K
Cap Rate 9%
$206,467
$206.5K
Market Conditions
NOI Build-Up for 1,592 SF
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.
Gross rent
$28.5K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.5K $16.67/SF
− OpEx
−$8.0K −$5.00/SF
NOI
$18.6K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$371,640
Cap Rate 7%
$265,457
Cap Rate 9%
$206,467
Alternative Uses
Best Use
Multifamily LT 5
$265.5K
$232.3K – $309.7K
NOI $18,582 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$209.2K
$183.0K – $244.0K
NOI $14,642 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$414.1K
$362.3K – $483.1K
NOI $28,986 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with separate outdoor areas, tiled flooring, updated baths, and flexible Florida room space.
Where is this duplex located?
The property is located at 11301 110TH Terrace Largo, FL.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑unit duplex with one 3‑bedroom, 2‑bath unit and one 1‑bedroom, 1‑bath unit; 1,592 square feet on a 0.23‑acre lot; Separate fenced backyards for both units
