Renovated Duplex with RV
New
For Sale
$449,000
3050 MEADOW LAKE AVENUE, Largo, FL 33771
The two residences provide three-bedroom and two-bedroom layouts, each with one bathroom.
Property Size1,820 SF
Price / SF$246.70
Days on Market4
Property Features for 3050 MEADOW LAKE AVENUE
General Information
Standard status
Active
Size
1,820 SF
Property subtype
Half Duplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1973
Buildings
1
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Isabela Serra · License #385310
(727) 458-0595
Source:
Dennisrealty
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 11:49AM
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.
At 3050 Meadow Lake Avenue in Largo, this 1,820-square-foot duplex contains two updated residences: one with 3 bedrooms and 1 bathroom, and another with 2 bedrooms and 1 bathroom. The property was built in 1973 and has undergone renovation. Its outdoor area accommodates RV, boat, trailer, and additional vehicle parking.
Shopping, restaurants, beaches, and major roadways are nearby. The property combines a two-unit configuration with outdoor space and parking for larger vehicles.
Shopping, restaurants, beaches, and major roadways are nearby. The property combines a two-unit configuration with outdoor space and parking for larger vehicles.
Key Highlights
- Two residences: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit
- 1,820 square feet of building area
- Renovated property built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,244
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,880
$424.9K
Cap Rate 7%
$303,486
$303.5K
Cap Rate 9%
$236,044
$236.0K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$32.5K $17.88/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$30.3K $16.67/SF
− OpEx
−$9.1K −$5.00/SF
NOI
$21.2K $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%
$424,880
Cap Rate 7%
$303,486
Cap Rate 9%
$236,044
Alternative Uses
Best Use
Multifamily LT 5
$303.5K
$265.6K – $354.1K
NOI $21,244 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$239.1K
$209.2K – $279.0K
NOI $16,739 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$473.4K
$414.2K – $552.3K
NOI $33,138 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Explore this area
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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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 - The two residences provide three-bedroom and two-bedroom layouts, each with one bathroom.
Where is this duplex located?
The property is located at 3050 MEADOW LAKE AVENUE Largo, FL.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two residences: one 3‑bedroom, 1‑bath unit and one 2‑bedroom, 1‑bath unit; 1,820 square feet of building area; Renovated property built in 1973
