Renovated Multifamily
314 3RD Avenue SW Largo, FL 33770
314 3RD Avenue SW, Largo, FL, 33770
$875,000
For Sale
Under Contract
$875,000
MULTI_FAMILY - LARGO, FL
Property Size3,521 SF
Lot Size0.17 Acres
Price / SF$248.51
Days on Market17
Property Features for 314 3RD Avenue SW
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- MULTI
- Bedrooms
- 9
- Bathrooms
- 9
- Rooms
- Bedroom 9, Bathroom 1, Bathroom 6, Bedroom 3, Bathroom 8, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 9, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 8, Bathroom 5, Bathroom 7, Bathroom 4, Bedroom 7, Bathroom 2
- Parking features
- Driveway, Off Street, Open, Guest, Garage
- Patio and Porch features
- Patio, Porch
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor
- Exterior features
- Outbuildings, Courtyard, Fence, Fire Pit, Garden, Private Yard, Storage
- Fencing
- Fenced
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
- Standard status
- Active Under Contract
- APN
- 34-29-15-97398-008-0120
- Size
- 3,521 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- WHITEHURST'S & OTHERS ADD BLK 8, E 61FT OF LOT 12 & W 3FT OF LOT 13
- Tax Annual Amount
- 9145
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 1
- Number of units
- 6
- Building materials
- Brick, Vinyl Siding, Wood Siding
- Roof type
- Shingle, Metal
- Additional Structures
- Storage, Outbuilding, Gazebo
Listing agency
LUXURY & BEACH REALTY INC
(727) 800-5906
Listed by
John Francis
(727) 512-5413
Added: Jul 6 Updated: Jul 21 at 6:08PM Checked: Jul 22 at 4:06PM
MLS# TB8517910
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.
This renovated multifamily property is being sold under contract, with backup offers accepted. The offering includes two parcels, including Parcel ID #34-29-15-97 (per the attachment). The buildings have been totally rebuilt with permits and feature new windows, electrical work, A/C units, flooring, roofing, and new insulation.
The grounds include fenced common areas with extra storage, along with common garden and seating areas. An independent laundry facility is available on site, and there is an entire owner’s workshop. A 3-bedroom main house is included, which may be used for owner occupancy while renting out the remaining space.
Ample parking is provided on the property. The location is described as close to shopping, parks, community buildings, and Largo’s newest downtown developments.
The grounds include fenced common areas with extra storage, along with common garden and seating areas. An independent laundry facility is available on site, and there is an entire owner’s workshop. A 3-bedroom main house is included, which may be used for owner occupancy while renting out the remaining space.
Ample parking is provided on the property. The location is described as close to shopping, parks, community buildings, and Largo’s newest downtown developments.
Key Highlights
- Totally rebuilt multi‑family buildings (with permits) with new windows, electrical, A/Cs, flooring, roofing, and new insulation
- Two‑parcel property: Parcel ID #34‑29‑15‑97 plus an additional included parcel (see attachment for details)
- 3‑bedroom main house can serve as owner living space while renting out the rest; includes an on‑site workshop for managing
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $18.00 |
| − Vacancy | −$4.5k | −$1.28 |
| EGI | $58.9k | $16.72 |
| − OpEx | −$26.5k | −$7.52 |
| NOI | $32.4k | $9.20 |
3,521 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$462.6K
$404.8K – $539.7K
NOI $32,383 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$915.8K
$801.4K – $1.07M
NOI $64,109 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated multifamily buildings on two parcels with fenced common grounds, parking, and independent laundry facilities.
Where is this apartment building located?
The property is located at 314 3RD Avenue SW Largo, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Totally rebuilt multi‑family buildings (with permits) with new windows, electrical, A/Cs, flooring, roofing, and new insulation; Two‑parcel property: Parcel ID #34‑29‑15‑97 plus an additional included parcel (see attachment for details); 3‑bedroom main house can serve as owner living space while renting out the rest; includes an on‑site workshop for managing
