Income-Generating Quadplex With 4
122 WERTZ Drive Largo, FL 33771
122 WERTZ Drive, Largo, FL, 33771
$774,000
For Sale
$774,000
MULTI_FAMILY - LARGO, FL
Property Size2,880 SF
Lot Size0.23 Acres
Price / SF$268.75
Days on Market63
Property Features for 122 WERTZ Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 3, Bedroom 7, Bedroom 4, Bedroom 5
- Interior features
- Ceiling Fans(s), Eat-in Kitchen
- Exterior features
- Fence
- Fencing
- Fenced
- Appliances
- Electric Water Heater, Range, Refrigerator
- Standard status
- Active
- APN
- 35-29-15-96012-000-0010
- Size
- 2,880 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WERTZ GARDEN LOT 1
- Tax Annual Amount
- 11297
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1967
- Flooring type
- Laminate
- Building materials
- Block, Stucco
- Roof type
- Shingle
Listing agency
KELLER WILLIAMS GULF BEACHES
(727) 367-3756
Listed by
Troy Walseth · License #3261857
(727) 331-5500
Added: May 20 Updated: Jul 20 at 9:06PM Checked: Jul 21 at 8:06AM
MLS# TB8510339
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 fully occupied income-producing quadplex offers four two-bedroom, one-bath units within two concrete block duplex buildings. Each unit includes its own laundry area and a private fenced backyard. The property includes three annually leased units, and one freshly prepared vacant unit that has been painted and fitted with a new refrigerator, ready for immediate occupancy. Updated bathrooms across all four units support a consistent level of upkeep.
The units are located on a corner lot with block and stucco construction. Two units have private driveways, while the other two share a four-car lot, with on-street guest parking available. The property is in Flood Zone X, and there is no HOA.
Utilities are handled via separate meters, with tenants covering electric and water. The buildings total four bedrooms across each two-bedroom unit configuration, comprising eight bedrooms and four bathrooms throughout the four units.
The units are located on a corner lot with block and stucco construction. Two units have private driveways, while the other two share a four-car lot, with on-street guest parking available. The property is in Flood Zone X, and there is no HOA.
Utilities are handled via separate meters, with tenants covering electric and water. The buildings total four bedrooms across each two-bedroom unit configuration, comprising eight bedrooms and four bathrooms throughout the four units.
Key Highlights
- Fully income‑producing quadruplex in Largo with documented cash flow and long‑term tenants
- Four 2‑bedroom, 1‑bath units total: eight bedrooms and four bathrooms across the property
- Annual income figures: $79,920 gross income and $69,381 net
Local 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 | $51.5k | $17.88 |
| − Vacancy | −$3.5k | −$1.21 |
| EGI | $48.0k | $16.67 |
| − OpEx | −$14.4k | −$5.00 |
| NOI | $33.6k | $11.67 |
2,880 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$480.2K
$420.2K – $560.3K
NOI $33,617 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$378.4K
$331.1K – $441.5K
NOI $26,488 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$749.1K
$655.5K – $874.0K
NOI $52,438 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Quadplex on a corner lot with four two-bedroom units, each featuring in-unit laundry and private fenced backyards.
Where is this quadplex located?
The property is located at 122 WERTZ Drive Largo, FL.
What is the asking price?
The asking price for this property is $774,000.
What are key features of this property?
This property features: Fully income‑producing quadruplex in Largo with documented cash flow and long‑term tenants; Four 2‑bedroom, 1‑bath units total: eight bedrooms and four bathrooms across the property; Annual income figures: $79,920 gross income and $69,381 net
