Updated Duplex with Private
New
For Sale
$525,000
1169 2ND Avenue NE, Largo, FL 33770
Residential Income, LARGO, FL
Property Size2,053 SF
Lot Size0.16 Acres
Price / SF$255.72
Days on Market3
Property Features for 1169 2ND Avenue NE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 4
Parking features
Driveway
Patio and Porch features
Porch, Patio
Pets allowed
Yes
Appliances
Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
Subdivision
ROTHMOOR MANOR
Elementary school
Ponce de Leon Elementary-PN
Middle school
Largo Middle-PN
High school
Largo High-PN
Directions
FROM E BAY DR, N ON HIGHLAND AVE, LT (W) ON 2ND AVE NE, HOME IS ON THE LT.
Standard status
Active
APN
35-29-15-77144-000-0020
Size
2,053 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ROTHMOOR MANOR LOT 2
Tax Annual Amount
7025
Legal Description
ROTHMOOR MANOR LOT 2
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private in-unit laundry closets
private patios
front porch
fully fenced backyard
Building Details
Year built
1972
Number of units
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
LPT REALTY, LLC.
(877) 366-2213
Listed By:
Matthew Kallenbach · License #3492301
(727) 877-9176
Added: Oct 15
Changed: Oct 17
Last Checked: Oct 17 at 1:06PM
MLS# TB8558845
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 1972 duplex contains 2,053 square feet across two tenant-occupied residences, each with two bedrooms and one and a half bathrooms. Improvements completed in 2024 include a roof, AC systems, electrical work, and PVC fencing. Interior features include stone kitchen countertops, newer appliances, breakfast bars, updated bathrooms, vinyl flooring, and private laundry closets. Each residence has a patio, front porch, and fenced backyard with a separate entrance; the property also has separate driveways. The parcel measures 0.16 acres.
The property is in Largo, near Highland Recreation Center and Largo Central Park. Shopping, dining, hospitals, and parks are also identified as nearby conveniences.
The property is in Largo, near Highland Recreation Center and Largo Central Park. Shopping, dining, hospitals, and parks are also identified as nearby conveniences.
Key Highlights
- Two tenant‑occupied residences, each with 2 bedrooms and 1.5 bathrooms
- 2,053‑square‑foot duplex on a 0.16‑acre parcel
- 2024 improvements include the roof, AC systems, electrical work, and PVC fencing
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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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 occupied and offer private outdoor areas, in-unit laundry, and separate driveways.
Where is this duplex located?
The property is located at 1169 2ND Avenue 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 tenant‑occupied residences, each with 2 bedrooms and 1.5 bathrooms; 2,053‑square‑foot duplex on a 0.16‑acre parcel; 2024 improvements include the roof, AC systems, electrical work, and PVC fencing
