Updated Two-Unit
For Sale
$525,000
1169 2ND AVE NE, Largo, FL 33770
Both residences are tenant-occupied and feature private outdoor areas and in-unit laundry.
Property Size2,053 SF
Price / SF$255.72
Days on Market13
Property Features for 1169 2ND AVE NE
General Information
Standard status
Active
Size
2,053 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$7,025
Amenities
in-unit laundry
private patio
front porch
fenced backyard
Building Details
Building Size
2,053 SF
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
LPT REALTY, LLC.
Listed By:
Matthew Kallenbach · License #3492301
(727) 877-9176
Source:
Stationsquarerealty
Added: Oct 16
Changed: Oct 25
Last Checked: Oct 26 at 11:52PM
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 LPT REALTY, LLC.
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Investment Insights
Based on property information with market context.
Built in 1972, this 2,053-square-foot duplex contains two residences, each with two bedrooms and one-and-a-half bathrooms. Both homes have updated kitchens with stone counters and newer appliances, refreshed flooring and paint, recessed lighting, and updated bathrooms. Each residence also has a laundry closet, a front porch, a patio, and a fenced backyard with its own entrance. Separate driveways provide two-car parking for each unit.
Capital improvements completed in 2024 include a roof, AC systems, electrical updates, and PVC fencing. The property is in Largo near Highland Recreation Center and Largo Central Park, with shopping, dining, hospitals, and parks among the nearby conveniences.
Capital improvements completed in 2024 include a roof, AC systems, electrical updates, and PVC fencing. The property is in Largo near Highland Recreation Center and Largo Central Park, with shopping, dining, hospitals, and parks among the nearby conveniences.
Key Highlights
- Two residences, each with 2 bedrooms and 1‑1/2 bathrooms
- 2,053 square feet; built in 1972
- Roof, AC systems, electrical updates, and PVC fencing completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,963
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,260
$479.3K
Cap Rate 7%
$342,329
$342.3K
Cap Rate 9%
$266,256
$266.3K
Market Conditions
NOI Build-Up for 2,053 SF
Gross rent
$36.7K $17.88/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$34.2K $16.67/SF
− OpEx
−$10.3K −$5.00/SF
NOI
$24.0K $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%
$479,260
Cap Rate 7%
$342,329
Cap Rate 9%
$266,256
Alternative Uses
Best Use
Multifamily LT 5
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$269.7K
$236.0K – $314.7K
NOI $18,882 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$534.0K
$467.3K – $623.0K
NOI $37,380 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are tenant-occupied and feature private outdoor areas and in-unit laundry.
Where is this duplex located?
The property is located at 1169 2ND AVE NE Largo, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1‑1/2 bathrooms; 2,053 square feet; built in 1972; Roof, AC systems, electrical updates, and PVC fencing completed in 2024
