Duplex with Private
For Sale
$499,000
2824 Meadow View Avenue, Largo, FL 33771
Well-maintained single-story duplex on an oversized lot with mature trees and a private yard.
Property Size1,536 SF
Price / SF$324.87
Days on Market302
Property Features for 2824 Meadow View Avenue
General Information
Standard status
Active
Size
1,536 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
1965
Stories
1
Construction
masonry
Tenancy
Multi
Listing Agency:
BIANCHI REALTY & PROPERTY MANAGEMENT INC.
Listed By:
Brenda Bianchi · License #574181
(727) 638-8636
Source:
Realtygroupfl
Added: Jan 2
Changed: Oct 31
Last Checked: Oct 30 at 6:07PM
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 BIANCHI REALTY & PROPERTY MANAGEMENT INC.
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Investment Insights
Based on property information with market context.
Well-maintained, solid masonry, single-story duplex in the Lake Palms subdivision of Largo. The property sits on an oversized lot with mature trees, offering each unit a private yard setting and a comfortable, light-filled layout. An additional 600 SF storage room is located in the middle of the structure and is currently used by Unit A as storage; it may be convertible to additional living space for either unit.
The duplex has been updated from 2020 to 2023, including new plumbing and a sewer line, new bathrooms, a new water heater, new AC condensers, a new roof, and new flooring and interior updates. The units include central heating and air, and the property has been maintained with durable finishes and practical living space. Flood Zone X.
Tenants pay utilities (TE). The home is located on a quiet street and is conveniently near E Bay Drive for access to shopping, dining, medical facilities, and major commuter routes.
The duplex has been updated from 2020 to 2023, including new plumbing and a sewer line, new bathrooms, a new water heater, new AC condensers, a new roof, and new flooring and interior updates. The units include central heating and air, and the property has been maintained with durable finishes and practical living space. Flood Zone X.
Tenants pay utilities (TE). The home is located on a quiet street and is conveniently near E Bay Drive for access to shopping, dining, medical facilities, and major commuter routes.
Key Highlights
- Well‑maintained single‑story duplex built in 1965 with 2 units in the Lake Palms subdivision of Largo
- Oversized lot with mature trees and a private yard setting
- Updates (2020–2023): new plumbing and sewer line, new bathrooms, 1 new water heater, new AC condensers, and new roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,929
Cap Rate
3.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,580
$358.6K
Cap Rate 7%
$256,129
$256.1K
Cap Rate 9%
$199,211
$199.2K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$27.5K $17.88/SF
− Vacancy
−$1.9K −$1.21/SF
EGI
$25.6K $16.67/SF
− OpEx
−$7.7K −$5.00/SF
NOI
$17.9K $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%
$358,580
Cap Rate 7%
$256,129
Cap Rate 9%
$199,211
Alternative Uses
Best Use
Multifamily LT 5
$256.1K
$224.1K – $298.8K
NOI $17,929 @ 7.0% cap · market cap 3.59%
Second Best
Apartment 5plus
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$399.5K
$349.6K – $466.1K
NOI $27,967 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
922
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 - Well-maintained single-story duplex on an oversized lot with mature trees and a private yard.
Where is this duplex located?
The property is located at 2824 Meadow View Avenue Largo, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Well‑maintained single‑story duplex built in 1965 with 2 units in the Lake Palms subdivision of Largo; Oversized lot with mature trees and a private yard setting; Updates (2020–2023): new plumbing and sewer line, new bathrooms, 1 new water heater, new AC condensers, and new roof
