Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Largo Duplex with Long-Term Tenants Title is generated by Realmo AI

    3122 GREEN ACRES AVENUE, Largo, FL 33771

    View on Map
    Claim this Listing
    Pending
    $415,000

    Duplex - LARGO, FL

    Type:Duplex
    Property size:
    2,002 SF
    Lot size:
    0.22 Acres
    Added:
    May 14, 2026
    Days on Market:
    9
    Last Refresh:
    May 22 at 3:06 pm

    Property Features for 3122 GREEN ACRES AVENUE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Pets allowed
    Yes
    Interior features
    Ceiling Fans(s), Eat-in Kitchen
    Exterior features
    Private Entrance, Private Mailbox
    Appliances
    Range, Refrigerator
    Standard status
    Pending
    APN
    36-29-15-48150-006-0070
    Size
    2,002 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6455.64

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Number of units
    2
    Flooring type
    Laminate, Tile, Tile - Ceramic
    Building materials
    Block
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Renny Bryden
    Renny Bryden

    Listing agent Renny Bryden License #520469

    Listing office CHARLES RUTENBERG REALTY INC 1545 S Belcher Rd, Clearwater, FL

    Listing date May 14, 2026

    MLS# TB8507683 Listing URL

    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.

    HighLights

    • Duplex income property with long‑term tenants in place until October 2026, offering immediate rental income
    • Located in an X flood zone, meaning it is NOT in a flood zone
    • Separate utility meters (water, electric) and HVAC systems for each unit
    • Each unit has its own laundry room with washer and dryer hookups
    • 4 Point inspection completed April 24th, 2024, available in MLS
    • Concrete block construction

    Overview

    This one-story duplex, constructed of concrete block, is an income-producing property with long-term tenants. Situated in Largo, Florida, the property is located in an X flood zone, indicating it is not within a designated flood zone. The property sustained no damage during recent hurricanes. Each unit is equipped with separate water meters, water heaters, electrical meters, central heat and air, and individual laundry rooms with washer and dryer hookups. A 4-point inspection was completed on April 24, 2024. The tenants are currently under an annual lease that expires in October 2026, at which point a new lease could be established with potentially increased rents. The property has a lot size of 0.22 acres and a total area of 2002 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $259.6K
    NOI $23,368 @ 9.00% cap · cautious / downside scenario
    Moderate
    $333.8K
    NOI $23,368 @ 7.00% cap · market / base-case scenario
    Aggressive
    $467.4K
    NOI $23,368 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $35.8k $17.88
    − Vacancy −$2.4k −$1.21
    EGI $33.4k $16.67
    − OpEx −$10.0k −$5.00
    NOI $23.4k $11.67
    2,002 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $333.8K
    $292.1K – $389.5K (±1% cap)
    NOI $23,368 @ 7.0% cap · market cap 5.63%
    Second Best
    Apartment 5plus
    $263.0K
    $230.2K – $306.9K (±1% cap)
    NOI $18,413 @ 7.0% cap · market cap 4.44%
    Theoretical Best
    Office A
    $520.7K
    $455.7K – $607.5K (±1% cap)
    NOI $36,452 @ 7.0% cap · market cap 8.78%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Largo
    County
    Pinellas
    State
    Florida
    Longitude
    -82.75511
    Latitude
    27.909714

    Nearby Similar for Sale

    • $1,785,000
      3,520 SF

      Mixed-Use Development Opportunity in Largo

      High-traffic location suitable for retail, medical, or flex development.
      191 BELCHER ROAD S, LARGO, FL 33771
      View Details
    • $799,000
      2,880 SF

      Income-Producing Largo Quadruplex

      Fully leased quadruplex in Largo with immediate income potential.
      122 WERTZ DRIVE, LARGO, FL 33771
      View Details
    • $560,000
      1,526 SF

      Renovated Professional Office in Largo

      Move-in ready office with functional layout and high visibility.
      12574 INDIAN ROCKS ROAD, LARGO, FL 33774
      View Details
    • $3,850,000
      20,547 SF

      Largo Office Building For Sale

      20,000 SF office building with strong cash flow.
      2700 E BAY DRIVE, LARGO, FL 33771
      View Details
    • $640,000
      2,660 SF

      Medical Office Duplex Near Hospital

      Medical office duplex near HCA Largo West Hospital.
      2101 INDIAN ROCKS ROAD S, LARGO, FL 33774
      View Details
    • $399,007
      2,151 SF

      Largo Triplex Income Property

      Income-producing triplex near transportation, shopping, and beaches in Largo, Florida.
      1705 N JEFFERSON AVENUE, LARGO, FL 33770
      View Details
    • $435,000
      1,718 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex with long-term tenants and separate utilities.
      118 LAKE AVENUE SE, LARGO, FL 33771
      View Details
    • $379,900
      1,650 SF

      Largo Duplex: Income Opportunity

      Income-generating duplex near Gulf beaches, ideal for house hacking.
      3760 135TH AVENUE, LARGO, FL 33771
      View Details
    • $890,000
      3,212 SF

      Free Standing Office Building

      3,212 SF office building on a 0.46-acre corner lot.
      550 E BAY Dr, Largo, FL 33770
      View Details
    • $495,999
      2,294 SF

      Largo Duplex Near Beaches

      Duplex in Largo near beaches, shopping, and Pinellas Trail.
      616 HERITAGE LANE, LARGO, FL 33770
      View Details
    • $548,900
      2,480 SF

      Lake Palms Duplex with Yard

      Well-maintained duplex in Largo's Lake Palms subdivision with private yard.
      2824 Meadow View Ave, Largo, FL 33771
      View Details
    • $400,000
      1,456 SF

      Largo Duplex with Long-Term Tenants

      Well-maintained duplex in Largo, Florida with long-term tenants.
      3025 BROOKVIEW AVENUE, LARGO, FL 33771
      View Details

    FAQs

    What type of property is this?
    Duplex - Income property in X flood zone with long-term tenants.
    Where is this duplex located?
    The property is located at 3122 GREEN ACRES AVENUE 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: Duplex income property with long‑term tenants in place until October 2026, offering immediate rental income; Located in an X flood zone, meaning it is NOT in a flood zone; Separate utility meters (water, electric) and HVAC systems for each unit
    (727) 492-9502
    We can help!
    Listing Contact
    Renny Bryden
    Renny Bryden
    Real Estate License ID: 520469
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3122 GREEN ACRES AVENUE, LARGO, FL 33771
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!