Block-Construction Duplex with
For Sale
Under Contract
$415,000
11231 126TH Avenue, Largo, FL 33778
Residential Income, LARGO, FL
Property Size1,707 SF
Lot Size0.18 Acres
Price / SF$243.12
Days on Market47
Property Features for 11231 126TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Eat-in Kitchen, Thermostat
Exterior features
Dog Run, Fence
Fencing
Fenced
Appliances
Dishwasher, Range, Refrigerator, Tankless Water Heater
Subdivision
ORANGEWOOD ESTATES SUB SEC 2
Directions
30522 US Hwy 19 N, Palm Harbor, head south on US Hwy 19 N. Continue south through the Curlew Rd, SR 580/Main St, Sunset Point Rd, Gulf-to-Bay Blvd, and East Bay Dr areas. Turn right (west) onto 126th Ave N and continue west. Follow 126th Ave N to 11231 126th Ave N, Largo, FL 33778. Property will be located at the destination.
Standard status
Active Under Contract
APN
09-30-15-64739-008-0020
Size
1,707 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ORANGEWOOD ESTATES SUB SECTION 2 BLK H, LOT 2
Tax Annual Amount
6088
Legal Description
ORANGEWOOD ESTATES SUB SECTION 2 BLK H, LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
Block, Brick
Roof type
Shingle
Additional Structures
Kennel/Dog Run
Listing Agency:
KELLER WILLIAMS REALTY- PALM HARBOR
(727) 772-0772
Listed By:
Gary Ubaldini · License #3007503
(727) 787-6995
Added: Sep 1
Changed: Sep 28
Last Checked: Oct 17 at 1:06PM
MLS# TB8544515
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.
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Investment Insights
Based on property information with market context.
This 1,707-square-foot duplex in Largo contains two residences, each with two bedrooms, one bathroom, and a one-car garage. Block construction, tile flooring in the main living areas, fenced backyards, an expansive driveway, and move-in-ready interiors support practical residential use. The property also includes central heating and air conditioning, tankless water heaters, public water and sewer, a shingle roof, and a porch. Major updates include a roof installed in 2020, replacement of Unit A’s air conditioning in 2025, and updated electrical service.
Set on 0.18 acres at 11231 126TH Avenue, the property is near shopping, dining, parks, recreation, Walsingham Park, the Florida Botanical Gardens, Pinellas Trail, and Gulf beaches. The site is outside a high-risk Special Flood Hazard Area and has no HOA. The City of Largo regulates short-term vacation rentals, subject to applicable requirements and buyer verification.
Set on 0.18 acres at 11231 126TH Avenue, the property is near shopping, dining, parks, recreation, Walsingham Park, the Florida Botanical Gardens, Pinellas Trail, and Gulf beaches. The site is outside a high-risk Special Flood Hazard Area and has no HOA. The City of Largo regulates short-term vacation rentals, subject to applicable requirements and buyer verification.
Key Highlights
- Two‑unit duplex with 1,707 square feet of building area
- Each unit includes 2 bedrooms, 1 bathroom, and a 1‑car garage
- Roof installed in 2020; Unit A A/C replaced in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,925
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,500
$398.5K
Cap Rate 7%
$284,643
$284.6K
Cap Rate 9%
$221,389
$221.4K
Market Conditions
NOI Build-Up for 1,707 SF
Gross rent
$30.5K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$28.5K $16.67/SF
− OpEx
−$8.5K −$5.00/SF
NOI
$19.9K $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 Rate 5%
$398,500
Cap Rate 7%
$284,643
Cap Rate 9%
$221,389
Alternative Uses
Best Use
Multifamily LT 5
$284.6K
$249.1K – $332.1K
NOI $19,925 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$224.3K
$196.2K – $261.7K
NOI $15,699 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$444.0K
$388.5K – $518.0K
NOI $31,080 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 33778, FL
15,068
Population
8,130
Households
1.9
Avg Household Size
51
Median Age
26%
College-Educated
92%
High-School Grad
3.8 sq mi
ZIP Area
3,965
Density / Sq Mi
$63,633
Median Household Income
$40,198
Median Earnings
$1,697
Median Rent
$267,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer separate living spaces, private garages, fenced yards, and tile flooring in the main areas.
Where is this duplex located?
The property is located at 11231 126TH Avenue Largo, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,707 square feet of building area; Each unit includes 2 bedrooms, 1 bathroom, and a 1‑car garage; Roof installed in 2020; Unit A A/C replaced in 2025
