Renovated Duplex with RV
New
For Sale
$449,000
3050 MEADOW LAKE Avenue, Largo, FL 33771
Residential, LARGO, FL
Property Size1,820 SF
Lot Size0.20 Acres
Price / SF$246.70
Days on Market2
Property Features for 3050 MEADOW LAKE Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 4, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 3, Bedroom 5, Bedroom 2, Laundry Room, Bedroom 1
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan
Exterior features
Private Yard
Fireplace
1
Appliances
Dishwasher, Dryer, Freezer, Ice Maker, Microwave, Refrigerator, Washer
Subdivision
LAKE PALMS SEC 2
Lot features
Oversized Lot
Directions
Take I-275 S across the Howard Frankland Bridge. Continue onto I-275 S toward St. Petersburg. Take Exit 31 for FL-686 E/Ulmmerton Rd toward Largo. Continue west on Ulmerton Rd, then take E Bay Dr. Turn left onto Fulton Dr SE, then right onto Meadow Lake Dr. Property will be on the left.
Standard status
Active
APN
36-29-15-48132-001-0060
Size
1,820 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LAKE PALMS SEC 2 BLK A, LOT 6
Tax Annual Amount
5854
Legal Description
LAKE PALMS SEC 2 BLK A, LOT 6
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Floors in Building
1
Flooring type
Vinyl
Building materials
Block
Roof type
Shingle
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Isabela Serra
(727) 458-0595
Added: Oct 6
Last Checked: Oct 7 at 12:06AM
MLS# TB8555262
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.
Built in 1973, this block duplex contains 1,820 square feet across two residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. The property is described as fully renovated. Interior features include an open floor plan, combined living and dining space, vinyl flooring, central heating and air conditioning, and a fireplace. A private yard extends the outdoor area.
The property occupies a 0.2-acre lot with space for RV, boat, trailer, and vehicle parking. Public water and sewer serve the property, and cable is available.
The property occupies a 0.2-acre lot with space for RV, boat, trailer, and vehicle parking. Public water and sewer serve the property, and cable is available.
Key Highlights
- Two‑unit duplex with 1,820 square feet of building area
- Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence
- 0.2‑acre lot with space for RV, boat, trailer, and multiple vehicles
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 - Two separate residences offer a 3-bedroom layout and a 2-bedroom layout, 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‑unit duplex with 1,820 square feet of building area; Unit mix: one 3‑bedroom, 1‑bath residence and one 2‑bedroom, 1‑bath residence; 0.2‑acre lot with space for RV, boat, trailer, and multiple vehicles
