Duplex with Fenced Private
For Sale
$340,000
Pending
726 STREMMA Road, Largo, FL 33770
MULTI_FAMILY - LARGO, FL
Property Size1,008 SF
Lot Size0.17 Acres
Days on Market219
Property Features for 726 STREMMA Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Fence, Storage
Fencing
Fenced
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
GLENWOOD PARK
Elementary school
Mildred Helms Elementary-PN
Middle school
Largo Middle-PN
High school
Largo High-PN
Directions
I-275 South (or get on I-275 S if you're near downtown), Take I-275 South across the Howard Frankland Bridge over Tampa Bay (about 10-12 miles), Continue on I-275 S, then take Exit 30 toward FL-686/Roosevelt Blvd/Largo/St. Pete-Clearwater Airport, Merge onto FL-686 West (Roosevelt Blvd), heading west for about 2 miles, Turn right (north) onto Clearwater Largo Rd N (also known as Clearwater-Largo Road), Continue north on Clearwater Largo Rd N for about 1-2 miles, Turn left (west) onto Stremma Rd.
Standard status
Pending
APN
34-29-15-00000-220-1100
Size
1,008 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
W 50FT OF E 90FT OF W 750.4FT OF S 150FT OF N 315FT OF NW 1/4 OF NW 1/4 OF SEC 34-29-15
Tax Annual Amount
5575
Legal Description
W 50FT OF E 90FT OF W 750.4FT OF S 150FT OF N 315FT OF NW 1/4 OF NW 1/4 OF SEC 34-29-15
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Water source
Public
Amenities
private backyard
vinyl fencing
Building Details
Year built
1962
Number of units
2
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Randall Kain · License #3336688
(352) 360-3836
Added: Jan 6
Changed: Aug 13
Last Checked: Aug 13 at 12:06PM
MLS# G5106202
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 offers a well-sized, block-built home with ceiling fans and ductless heating. The property includes modernized convenience features such as a fenced yard area, plus in-unit laundry appliances (washer and dryer) and a kitchen package with microwave, range, and refrigerator. The exterior includes fencing and storage, supporting everyday use and outdoor living.
Updates noted include full re-plumbing and modern electrical systems, with mini-split AC/heat units less than a year old. The shingle roof is dated 2022, and the property was built in 1962. The backyard is shared and fully enclosed by durable vinyl fencing, creating a private outdoor space for relaxing and entertaining.
Served by public water and public sewer, this duplex is set up for either move-in living or rental readiness with an enclosed outdoor area and practical interior features.
Updates noted include full re-plumbing and modern electrical systems, with mini-split AC/heat units less than a year old. The shingle roof is dated 2022, and the property was built in 1962. The backyard is shared and fully enclosed by durable vinyl fencing, creating a private outdoor space for relaxing and entertaining.
Served by public water and public sewer, this duplex is set up for either move-in living or rental readiness with an enclosed outdoor area and practical interior features.
Key Highlights
- Mini‑split AC/heat units are less than a year old
- Shingle roof dated 2022
- Recently updated with full re‑plumbing and modern electrical systems
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
$11,766
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
3.46%
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%
$235,320
$235.3K
Cap Rate 7%
$168,086
$168.1K
Cap Rate 9%
$130,733
$130.7K
Market Conditions
NOI Build-Up for 1,008 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
$18.0K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$16.8K $16.67/SF
− OpEx
−$5.0K −$5.00/SF
NOI
$11.8K $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%
$235,320
Cap Rate 7%
$168,086
Cap Rate 9%
$130,733
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,766 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,271 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 5.40%
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
1,802
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Recently updated duplex with recently replaced mini-split AC/heat and a shingle roof dated 2022.
Where is this duplex located?
The property is located at 726 STREMMA Road Largo, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Mini‑split AC/heat units are less than a year old; Shingle roof dated 2022; Recently updated with full re‑plumbing and modern electrical systems
