Duplex with New
For Sale
$379,000
1629 PALM WAY, Largo, FL 33771
Both residences have three bedrooms, one bathroom, and washer/dryer connections.
Property Size1,650 SF
Price / SF$229.70
Days on Market8
Property Features for 1629 PALM WAY
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Amenities
W/D hookup
0.15 acres, Dimensions: 54x118
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 01-30-15-18126-011-0030, Public Survey Range: 15, Public Survey Section: 01, Annual Amount: $4,922.92, Tax Block: K, Tax Book Number: 31-71, Legal Description: CORAL HEIGHTS SUB BLK K, LOT 3, Lot: 3, Year: 2025, Zoning: R-4
Ceramic Tile
Gross Income: $46,800
Central Air
Central, Electric
Electric Dryer Hookup, Washer Hookup
Listing ID: MFRTB8559526, Standard Status: Active, MLS Status: Active, Property Subtype: Duplex, On market as of 2026-10-23, 1 day on market, Special Conditions: None
6 total bedrooms
Built in 1972, Living area: 1650, Living area units: Square Feet, Levels: One, Construction Materials: Block
Subdivision: CORAL HEIGHTS SUB, MLS Area (Major): 33771 - Largo, County/Parish: Pinellas
Completed
2 total bathrooms
Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected, Water Source: Public, 2 separate electric meters, 2 separate water meters
Slab
Close Of Escrow
Allowed: Yes
Electricity, Sewer, Trash Collection, Water
Road Responsibility: Public Maintained Road, Road Surface: Asphalt
Primary Bedroom Main Floor
Range, Refrigerator, Other equipment: None
Building Details
Year Built
1972
Listing Agency:
APONE REALTY
Listed By:
Phyllis Apone · License #626271
(727) 455-1706
Source:
Miharaandassociates
Added: Oct 23
Changed: Oct 29
Last Checked: Oct 28 at 8:15AM
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 APONE REALTY
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Investment Insights
Based on property information with market context.
Built in 1972, this 1,650-square-foot duplex contains two three-bedroom, one-bathroom residences, each with washer and dryer hookups. A new roof was installed in 2025. Both bathrooms have been updated. Unit A is vacant and includes a new range and a refrigerator that is one year old; its water heater is six years old. Unit B is leased through April 30, 2027, and has a water heater that is two years old.
Tenants are responsible for electricity, utilities, and trash. Unit A’s vacancy allows for easy showings.
Tenants are responsible for electricity, utilities, and trash. Unit A’s vacancy allows for easy showings.
Key Highlights
- Two units, each with 3 bedrooms and 1 bathroom
- 1,650‑square‑foot duplex built in 1972
- New roof installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,259
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$29.5K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.5K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.3K $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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
Alternative Uses
Best Use
Multifamily LT 5
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,298
Businesses Nearby
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Business Placement
Demographics for 33771, FL
29,766
Population
16,898
Households
1.8
Avg Household Size
54
Median Age
25%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
4,961
Density / Sq Mi
$60,139
Median Household Income
$40,417
Median Earnings
$1,379
Median Rent
$145,600
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 have three bedrooms, one bathroom, and washer/dryer connections.
Where is this duplex located?
The property is located at 1629 PALM WAY Largo, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 bathroom; 1,650‑square‑foot duplex built in 1972; New roof installed in 2025
