Two-Unit Duplex with Attached
New
For Sale
$420,000
211 4TH PLACE SW, Largo, FL 33770
Each residence has two bedrooms, a private porch, and separately metered utilities.
Property Size1,440 SF
Price / SF$291.67
Days on Market4
Property Features for 211 4TH PLACE SW
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
2
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Amenities
porch
screened porch
laundry hookups
central heat and air
Building Details
Year Built
1959
Buildings
1
Construction
bungalow
Listing Agency:
KELLY REALTY GROUP LLC
(727) 276-8477
Listed By:
Teri Kelly · License #3291243
(904) 687-7876
Source:
Endlesssummerrealty
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 6:58AM
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 KELLY REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Built in 1959, this 1,440-SF duplex contains two 2-bedroom, 1-bath units, each measuring 720 SF. A pair of attached garages separates the residences, with laundry hookups in both. Each unit has a porch, including one screened porch. The interiors have no carpeting and feature central heat and air. Improvements include new ductwork, a newer water heater, and a newer A/C in the front unit. A preventive termite maintenance contract is also in place. The lot spans just over a quarter acre, and utilities are separate for each unit.
The property is in southwest Largo, near Largo Central Park, a dog park, Largo High, and Mildred Helms Elementary. Gulf beaches, downtown Clearwater, restaurants, shopping, medical facilities, and St. Pete-Clearwater Airport are also accessible from the location.
The property is in southwest Largo, near Largo Central Park, a dog park, Largo High, and Mildred Helms Elementary. Gulf beaches, downtown Clearwater, restaurants, shopping, medical facilities, and St. Pete-Clearwater Airport are also accessible from the location.
Key Highlights
- Two 2‑bedroom, 1‑bath residences, each 720 SF
- 1,440‑SF duplex built in 1959
- Pair of attached garages with laundry hookups in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,160
$336.2K
Cap Rate 7%
$240,114
$240.1K
Cap Rate 9%
$186,756
$186.8K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$25.7K $17.88/SF
− Vacancy
−$1.7K −$1.21/SF
EGI
$24.0K $16.67/SF
− OpEx
−$7.2K −$5.00/SF
NOI
$16.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$336,160
Cap Rate 7%
$240,114
Cap Rate 9%
$186,756
Alternative Uses
Best Use
Multifamily LT 5
$240.1K
$210.1K – $280.1K
NOI $16,808 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$189.2K
$165.6K – $220.7K
NOI $13,244 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$374.6K
$327.7K – $437.0K
NOI $26,219 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,317
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a private porch, and separately metered utilities.
Where is this duplex located?
The property is located at 211 4TH PLACE SW Largo, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath residences, each 720 SF; 1,440‑SF duplex built in 1959; Pair of attached garages with laundry hookups in both units
