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    The Largest CRE Database in the US with Over 1 Million Listings

    1144 7Th St NW Largo, FL 33770

    Sponsored
    For Sale
    $398,000

    Duplex - LARGO, FL

    Type:Duplex
    Property size:
    1,188 SF
    Lot size:
    0.16 Acres
    Days on Market:
    45
    Last Refresh:
    Feb 19 at 8:06 pm

    Property Features for 1144 7Th St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    27-29-15-71856-000-0901
    Parking features
    Carport, Off Street
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Walk-in Closet(s)
    Exterior features
    Paved, Fence, Storage
    Fencing
    Fenced
    Appliances
    Dryer, Range, Refrigerator
    Size
    1,188 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1952
    Number of units
    2
    Building materials
    Frame, Stucco, Vinyl Siding
    Roof type
    Built-Up, Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Chase Walseth
    Chase Walseth

    Keller Williams Gulfside (727) 489-0800

    Listing agent Chase Walseth (727) 489-0800 License #3286199

    Listing date Jan 6, 2026

    MLS# TB8400301 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Largo Duplex Investment Opportunity

    This investment opportunity features two adjacent parcels, each with its own rental home, offering immediate income potential along with long-term development upside. Located in a prime area near Downtown Largo, major hospitals, and approximately five miles from Clearwater Beach, the properties are ideally situated to attract a strong, year-round tenant base. Each home has a functional layout. The first home offers an open-concept living space with a front bedroom that includes an en suite bath and walk-in closet. A second bedroom, located past the kitchen, boasts its own spacious en suite bathroom along with a washer and dryer. Tenants will also enjoy a private rear sitting area and access to a large shared backyard. The second home features a 3-bedroom, 1-bathroom layout with a split floor plan. The open living room flows seamlessly into the rest of the home, and the large bathroom includes a built-in shower and dual-line closets. The rear bedroom provides private access to a fenced backyard with a storage shed, and a covered side sitting area. The roofs have been recently replaced—one in 2021 and the other in 2022. These parcels are located within the Clearwater-Largo Road (CRD) Community Redevelopment District and fall under the Future Land Use designations outlined in Table 6-2 of the Largo Municode Library. This zoning makes them strong candidates for future mixed-use or multi-family development, subject to city approval. The property is being sold AS IS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.794693
    Latitude
    27.926765

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    FAQs

    What type of property is this?
    Duplex - Two adjacent rental homes with income potential near Downtown Largo.
    Where is this duplex located?
    The property is located at 1144 7Th St NW Largo, FL.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: - Two adjacent parcels with two rental homes provide immediate income potential.; - Prime location near Downtown Largo, major hospitals, and Clearwater Beach.; - Strong redevelopment potential within the Clearwater-Largo Road (CRD) Community Redevelopment District.
    (727) 755-3830
    Request Owner's contact information
    1144 7Th St NW Largo, FL 33770
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    Largo, FL 33770
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1144 7Th St NW Largo, FL 33770
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    We can help!
    Listing Contact
    Chase Walseth
    Chase Walseth
    Real Estate License ID: 3286199
    (727) 755-3830 (727) 489-0800 (727) 914-7878
    Learn more
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