Block Duplex with Updated Electrical and
For Sale
Under Contract
$399,990
615 2ND Avenue NE, Largo, FL 33770
MULTI_FAMILY - LARGO, FL
Property Size1,680 SF
Lot Size0.19 Acres
Price / SF$238.09
Days on Market28
Property Features for 615 2ND Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Family Room, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Dining Room, Bathroom 1
Patio and Porch features
Patio
Interior features
Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters
Exterior features
Lighting, Private Entrance, Private Mailbox, Sliding Doors, Storage
Subdivision
ROOSEVELT GROVES
Directions
right on 2nd ave north head to 615 NE Ave will be on the right side.
Standard status
Active Under Contract
APN
34-29-15-76536-016-0040
Size
1,680 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROOSEVELT GROVES BLK 16, LOT 4 & W 12.4FT OF LOT 5
Tax Annual Amount
1006
Legal Description
ROOSEVELT GROVES BLK 16, LOT 4 & W 12.4FT OF LOT 5
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Ben Mitrano PA · License #3453922
(727) 504-3490
Added: Jul 8
Changed: Aug 4
Last Checked: Aug 4 at 9:06AM
MLS# TB8527157
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 block duplex built in 1980 offers a consistent, highly functional two-bedroom, one-bath configuration on each side. One side is currently tenant-occupied, while the other side has been meticulously maintained by the same owner since 1990. The property has been improved for long-term peace of mind, including updated electrical panels on both sides and a roof replacement that was replaced and permitted in 2016. Unit B has received a comprehensive kitchen transformation with brand-new stainless steel appliances, modern luxury vinyl plank (LVP) flooring, and fresh interior paint throughout. Interior features include ceiling fans, solid surface counters, and combo living and dining areas.
Outside, the home includes a patio and features such as private entrance access, sliding doors, storage, and a private mailbox. The property is served by public water and public sewer, with central heating and central air, plus cable availability. It sits on a 0.19-acre lot.
Positioned as a non-flood zone and outside evacuation zones, the duplex is free of HOA or deed restrictions. It is also within easy walking distance of Largo Central Park and the downtown Largo district.
Outside, the home includes a patio and features such as private entrance access, sliding doors, storage, and a private mailbox. The property is served by public water and public sewer, with central heating and central air, plus cable availability. It sits on a 0.19-acre lot.
Positioned as a non-flood zone and outside evacuation zones, the duplex is free of HOA or deed restrictions. It is also within easy walking distance of Largo Central Park and the downtown Largo district.
Key Highlights
- 0.19‑acre lot duplex built in 1980 with block construction
- Two‑bedroom, one‑bath configuration on each side; one side currently tenant‑occupied
- Electrical panels updated on both sides
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 | $30.0k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $28.0k | $16.67 |
| − OpEx | −$8.4k | −$5.00 |
| NOI | $19.6k | $11.67 |
1,680 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
686
Businesses Nearby
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
Market
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Block duplex on a non-flood site with two-bedroom, one-bath layouts and one side tenant-occupied for immediate occupancy benefits.
Where is this duplex located?
The property is located at 615 2ND Avenue NE Largo, FL.
What is the asking price?
The asking price for this property is $399,990.
What are key features of this property?
This property features: 0.19‑acre lot duplex built in 1980 with block construction; Two‑bedroom, one‑bath configuration on each side; one side currently tenant‑occupied; Electrical panels updated on both sides
