Duplex with Two 3-Bedroom
For Sale
Under Contract
$415,000
2293 18TH AVE SW, Largo, FL 33774
Residential Income, LARGO, FL
Property Size1,588 SF
Lot Size0.20 Acres
Price / SF$261.34
Days on Market14
Property Features for 2293 18TH AVE SW
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
MULTI-FAMILY <10 UNITS
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 2, Bedroom 4
Parking features
Off Street, Assigned
Interior features
Ceiling Fans(s)
Exterior features
Garden, Sidewalk
Subdivision
GULF TERRACE
Directions
Take E Bay Dr (686) to Clearwater/Largo Rd S, turn W onto Eight Avenue SW, turn South on Trotter Rd and East onto 18th Ave SW.
Special listing conditions
Probate Listing
Standard status
Active Under Contract
APN
04-30-15-34524-000-0350
Size
1,588 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
GULF TERRACE LOT 35
Tax Annual Amount
4752
Legal Description
GULF TERRACE LOT 35
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Number of units
1
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
ALIGN RIGHT REALTY LLC
(727) 264-6800
Listed By:
Jacqueline Hammond, PLLC · License #3462440
(727) 645-3029
Added: Sep 12
Changed: Sep 24
Last Checked: Sep 25 at 6:06AM
MLS# TB8548189
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.
Investment Insights
Based on property information with market context.
This Largo duplex contains two three-bedroom, one-bath residences within a 1,588-square-foot property on 0.2 acres. Both units are fully rented and feature newer water heaters, newer A/C units, ceiling fans, central heating, and central air. Block and stucco construction, a shingle roof, assigned parking, and off-street parking add to the physical profile.
The property is located near shopping, dining, parks, and Gulf beaches. It carries MULTI-FAMILY <10 UNITS zoning and is served by public water and public sewer. Built in 1970, the property also includes sidewalk and garden features.
The property is located near shopping, dining, parks, and Gulf beaches. It carries MULTI-FAMILY <10 UNITS zoning and is served by public water and public sewer. Built in 1970, the property also includes sidewalk and garden features.
Key Highlights
- Two three‑bedroom, one‑bath units with 1,588 square feet total
- Fully rented duplex on 0.2 acres
- Newer water heaters and newer A/C 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
$18,536
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
4.47%
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%
$370,720
$370.7K
Cap Rate 7%
$264,800
$264.8K
Cap Rate 9%
$205,956
$206.0K
Market Conditions
NOI Build-Up for 1,588 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
$28.4K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$26.5K $16.67/SF
− OpEx
−$7.9K −$5.00/SF
NOI
$18.5K $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%
$370,720
Cap Rate 7%
$264,800
Cap Rate 9%
$205,956
Alternative Uses
Best Use
Multifamily LT 5
$264.8K
$231.7K – $308.9K
NOI $18,536 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$208.6K
$182.6K – $243.4K
NOI $14,605 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$413.1K
$361.4K – $481.9K
NOI $28,914 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 33774, FL
18,145
Population
10,388
Households
1.7
Avg Household Size
51
Median Age
28%
College-Educated
93%
High-School Grad
4.6 sq mi
ZIP Area
3,945
Density / Sq Mi
$76,769
Median Household Income
$41,936
Median Earnings
$1,498
Median Rent
$315,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully rented property with central air, assigned parking, and public water and sewer service.
Where is this duplex located?
The property is located at 2293 18TH AVE SW Largo, FL.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two three‑bedroom, one‑bath units with 1,588 square feet total; Fully rented duplex on 0.2 acres; Newer water heaters and newer A/C units
