Three-Unit Residential
For Sale
$350,000
305 WOODROW Ave, Largo, FL 33770
Residential property with three units near shopping, dining, entertainment, and Clearwater Beach.
Property Size1,040 SF
Days on Market90
Property Features for 305 WOODROW Ave
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,316
Building Details
Building Size
1,040 SF
Year Built
1925
Buildings
1
Listing Agency:
(727) 214-8611
Listed By:
Kathy Bombard
(727) 214-8611
Source:
Elliman
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 8:02PM
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 Kathy Bombard
Investment Insights
Based on property information with market context.
This three-unit residential property at 305 WOODROW Ave in Largo, Florida, was built in 1925. The building offers three separate units with residential living space, providing a straightforward multifamily configuration for ownership or leasing consideration.
The property is positioned near shopping, dining, and entertainment options, with Clearwater Beach located a short drive away. Everyday mobility is supported by a BikeScore of 56, a WalkScore of 51, and a TransitScore of 37, reflecting bikeable conditions, some walkability, and access to public transportation. The Largo setting combines neighborhood convenience with proximity to a well-known coastal destination.
The property is positioned near shopping, dining, and entertainment options, with Clearwater Beach located a short drive away. Everyday mobility is supported by a BikeScore of 56, a WalkScore of 51, and a TransitScore of 37, reflecting bikeable conditions, some walkability, and access to public transportation. The Largo setting combines neighborhood convenience with proximity to a well-known coastal destination.
Key Highlights
- Three‑unit residential property at 305 WOODROW Ave, Largo, FL 33770
- Built in 1925
- Near shopping, dining, and entertainment options
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
$12,139
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
3.47%
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%
$242,780
$242.8K
Cap Rate 7%
$173,414
$173.4K
Cap Rate 9%
$134,878
$134.9K
Market Conditions
NOI Build-Up for 1,040 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
$18.6K $17.88/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$17.3K $16.67/SF
− OpEx
−$5.2K −$5.00/SF
NOI
$12.1K $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%
$242,780
Cap Rate 7%
$173,414
Cap Rate 9%
$134,878
Alternative Uses
Best Use
Multifamily LT 5
$173.4K
$151.7K – $202.3K
NOI $12,139 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$136.6K
$119.6K – $159.4K
NOI $9,565 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,404
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Residential property with three units near shopping, dining, entertainment, and Clearwater Beach.
Where is this triplex located?
The property is located at 305 WOODROW Ave Largo, FL.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Three‑unit residential property at 305 WOODROW Ave, Largo, FL 33770; Built in 1925; Near shopping, dining, and entertainment options
