Duplex with Screened
For Sale
$399,900
1000 8TH AVENUE NW, Largo, FL 33770
Income-producing duplex on a corner lot with separate driveways and flexible occupancy options.
Property Size1,558 SF
Price / SF$256.68
Days on Market10
Property Features for 1000 8TH AVENUE NW
General Information
Standard status
Active
Size
1,558 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
0.16 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 28-29-15-30546-001-0011, Public Survey Range: 15, Public Survey Section: 28, Annual Amount: $3,918, Tax Block: A, Tax Book Number: 12-77, Legal Description: GENESEE HEIGHTS UNIT 1 BLK A, E'LY 58 FT OF LOT 1 & E'LY 60 FT OF S 45 FT OF LOT 2, Lot: 1, Year: 2025
Gross Income: $37,200
Central Air
Central
Outside
Listing ID: MFRTB8539085, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-08-14, 6 days on market, Special Conditions: None
3 total bedrooms
Built in 1961, Living area: 1558, Living area units: Square Feet, Construction Materials: Block
Subdivision: GENESEE HEIGHTS, MLS Area (Major): 33770 - Largo/Belleair Bluffs, County/Parish: Pinellas
3 total bathrooms
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Water Source: Public
Slab
Road Surface: Asphalt
Private Mailbox
Ceiling Fans(s), Eat-in Kitchen
Building Details
Year Built
1961
Tenancy
Multi
Listing Agency:
LISA HALL REALTY, INC
(727) 742-5830
Listed By:
Jeffrey Hall · License #3276400
Source:
Miharaandassociates
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LISA HALL REALTY, INC
Investment Insights
Based on property information with market context.
Built in 1961, this 1,558-square-foot duplex includes two separately accessed residences on a corner lot at 1000 8th Avenue NW in Largo. The larger residence contains two bedrooms, two full baths, an eat-in kitchen, an oversized primary bedroom, and a screened porch with a closet and washer and dryer hookups. The second residence provides one bedroom, one full bath, and its own eat-in kitchen.
Both residences are leased. The occupant of the larger unit is scheduled to leave October 31, 2026, while the smaller unit remains subject to its existing lease. Separate driveways provide on-site parking and independent access for each residence. Property updates include a roof installed in 2020, a 2013 A/C system serving the larger unit, and window A/C in the smaller unit.
Both residences are leased. The occupant of the larger unit is scheduled to leave October 31, 2026, while the smaller unit remains subject to its existing lease. Separate driveways provide on-site parking and independent access for each residence. Property updates include a roof installed in 2020, a 2013 A/C system serving the larger unit, and window A/C in the smaller unit.
Key Highlights
- 1,558 SF duplex on a corner lot at 1000 8th Avenue NW, Largo, FL 33770
- Unit mix includes one 2‑bedroom, 2‑bath residence and one 1‑bedroom, 1‑bath residence
- Both units are currently rented; larger‑unit tenant is scheduled to vacate October 31, 2026
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
$18,186
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
4.55%
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%
$363,720
$363.7K
Cap Rate 7%
$259,800
$259.8K
Cap Rate 9%
$202,067
$202.1K
Market Conditions
NOI Build-Up for 1,558 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
$27.9K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.0K $16.67/SF
− OpEx
−$7.8K −$5.00/SF
NOI
$18.2K $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%
$363,720
Cap Rate 7%
$259,800
Cap Rate 9%
$202,067
Alternative Uses
Best Use
Multifamily LT 5
$259.8K
$227.3K – $303.1K
NOI $18,186 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$204.7K
$179.1K – $238.8K
NOI $14,329 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$405.2K
$354.6K – $472.8K
NOI $28,367 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
731
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex on a corner lot with separate driveways and flexible occupancy options.
Where is this duplex located?
The property is located at 1000 8TH AVENUE NW Largo, FL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1,558 SF duplex on a corner lot at 1000 8th Avenue NW, Largo, FL 33770; Unit mix includes one 2‑bedroom, 2‑bath residence and one 1‑bedroom, 1‑bath residence; Both units are currently rented; larger‑unit tenant is scheduled to vacate October 31, 2026
