Largo Duplex Investment
1664 PINE STREET Largo, FL 33774
1664 PINE STREET, Largo, FL, 33774
$445,000
For Sale
$445,000
Duplex in quiet neighborhood, long-term tenants, month-to-month leases.
Property Size1,800 SF
Price / SF$247.22
Days on Market445
Property Features for 1664 PINE STREET
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1979
Listing Agency
CHARLES RUTENBERG REALTY INC
(813) 451-6187
Listed by
John Mazur · License #3141667
(813) 451-6187
Source
Exitrealty
Added: Apr 29, 2025 Checked: Jul 16 at 7:24 am
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This property is a true duplex located in a quiet neighborhood between Harbor Bluffs and Taylor Park. Situated in flood zone X, each unit features 2 bedrooms and 1 bath, with 900 square feet of living space, plus additional square footage in a lanai. The units offer a courtyard feeling upon exit, and the property includes a nicely sized lot with ample privacy and space in the backyard. Both units are currently occupied by long-term tenants on month-to-month leases. Tenants are responsible for all utilities. Each unit includes washer and dryer hookups and laundry facilities. Parking is available in the paved driveway directly in front of the building. The property is located a 10-minute drive from local beaches. The new owner has the option to maintain the current arrangement or establish year leases, and rent rates can be adjusted immediately. This property is suitable as an investment opportunity.
Key Highlights
- True duplex: Great investment opportunity with two separate units.
- Located in flood zone X: Property is high and dry, minimizing flood risk.
- Each unit features 2 bedrooms, 1 bath, and a lanai: Offers comfortable living spaces with added outdoor area.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $17.88 |
| − Vacancy | −$2.2k | −$1.21 |
| EGI | $30.0k | $16.67 |
| − OpEx | −$9.0k | −$5.00 |
| NOI | $21.0k | $11.67 |
1,800 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.2K
NOI $21,010 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$468.2K
$409.7K – $546.2K
NOI $32,774 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in quiet neighborhood, long-term tenants, month-to-month leases.
Where is this duplex located?
The property is located at 1664 PINE STREET Largo, FL.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: True duplex: Great investment opportunity with two separate units.; Located in flood zone X: Property is high and dry, minimizing flood risk.; Each unit features 2 bedrooms, 1 bath, and a lanai: Offers comfortable living spaces with added outdoor area.
