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    370 3Rd St NW Largo, FL 33770

    Sponsored
    For Sale
    $529,000

    Quadruplex - LARGO, FL

    Type:Quadruplex
    Property size:
    2,685 SF
    Lot size:
    0.13 Acres
    Days on Market:
    4
    Last Refresh:
    Feb 19 at 6:06 pm

    Property Features for 370 3Rd St NW

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    RES
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    APN
    34-29-15-37206-001-0030
    Parking features
    Off Street, On Street
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s)
    Exterior features
    Rain Gutters
    Appliances
    Range, Refrigerator
    Size
    2,685 SF
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Year built
    1947
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Block, Frame, Stucco
    Roof type
    Membrane, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Ferguson
    Scott Ferguson

    Coastal Properties Group International, LLC (727) 493-1555

    Listing agent Scott Ferguson (727) 493-1555 License #3307880

    Listing date Feb 16, 2026

    MLS# TB8476859 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 Quadruplex: Income Opportunity

    This impeccably maintained quadruplex in Largo, Florida, presents an excellent income-producing opportunity. The property features new flat roofs over units 3 and 4, installed in 2022. Within the last two years, all units have received new A/C and heat window units, and both the interior and exterior have been painted. Unit 2 includes a newer bathroom and appliances. The efficiency in Unit 3 has an updated kitchen and bathroom, along with new windows. Unit 4 is equipped with new appliances. All units are currently occupied, with three units under annual leases and one unit on a month-to-month basis. The property includes three parking spaces at the rear, complemented by readily available street parking and alley access. Each unit has a private entrance and outdoor sitting area. The property is conveniently located within walking distance of Woodrow Park and playground, as well as Ulmer Park, which hosts farmers markets, concerts, special events, and a dog park. It is also near the Pinellas Trail, Largo Central Park, Central Park Performing Arts Center, volleyball courts, a skate park, and walking trails. Mildred Helms Elementary, Largo Middle School, and Largo High School are within a short walking distance. The new Largo Entertainment District, featuring the new Horizon West Bay, a modern City Hall with street-level shops and restaurants, and Liberty Yards retail and restaurants, is also a few blocks away. Its central location provides quick access to dining, shopping, Publix, movie theaters, the post office, hospitals, and Clearwater/St. Pete Airport. A brief 5-minute drive across the Belleair Bridge leads to charming beach towns with restaurants, diverse shopping, sandy beaches, and the Gulf of America. The property is not in a flood zone and has a lot size of 0.13 acres. The property size is 2685 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -82.790896
    Latitude
    27.919991

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    FAQs

    What type of property is this?
    Quadplex - Impeccably maintained quadruplex in Largo, Florida with income potential.
    Where is this quadplex located?
    The property is located at 370 3Rd St NW Largo, FL.
    What is the asking price?
    The asking price for this property is $529,000.
    What are key features of this property?
    This property features: - Excellent income-producing opportunity with all units currently occupied.; - Recent significant renovations: **new roofs (units 3 & 4 - 2022), new A/C & heat in all units (last 2 years), interior/exterior paint (last 2 years).**; - Prime location: **walking distance to multiple parks, schools, and the upcoming Largo Entertainment District.**
    (727) 744-0993
    Request Owner's contact information
    370 3Rd 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
    370 3Rd St NW Largo, FL 33770
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    We can help!
    Listing Contact
    Scott Ferguson
    Scott Ferguson
    Real Estate License ID: 3307880
    (727) 744-0993 (727) 493-1555
    Learn more
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