Updated Duplex with Separate
For Sale
$449,000
3223 DRYER AVENUE, Largo, FL 33770
Block-built duplex with newer roof, updated interiors, and separate electric meters for flexible occupancy or tenancy.
Property Size1,980 SF
Price / SF$226.77
Days on Market13
Property Features for 3223 DRYER AVENUE
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Listing Agency:
COLDWELL BANKER REALTY
(727) 581-9411
Listed By:
Martha Thorn · License #477603
Source:
Endlesssummerrealty
Added: Jul 20
Changed: Jul 26
Last Checked: Jul 28 at 5:25AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This updated duplex offers two separate residences within a block-built structure and features a newer roof. Both units have been refreshed with new interior and exterior paint, updated finishes, luxury vinyl flooring, ceiling fans, and updated baths with new vanities and toilets. The property also includes new stainless-steel appliances in both units.
Unit 3223 includes a renovated kitchen, a spacious family room with a new mini-split A/C system, and an indoor laundry room. Unit 3225 offers brand-new central air conditioning and includes a private backyard shaded by a mature tree.
Separate electric meters provide added flexibility for tenants or owners. The property is located at 3223 Dryer Avenue in Largo, Florida (3223/3225).
Unit 3223 includes a renovated kitchen, a spacious family room with a new mini-split A/C system, and an indoor laundry room. Unit 3225 offers brand-new central air conditioning and includes a private backyard shaded by a mature tree.
Separate electric meters provide added flexibility for tenants or owners. The property is located at 3223 Dryer Avenue in Largo, Florida (3223/3225).
Key Highlights
- Block‑built duplex (1970) with newer roof and updated interiors and exterior paint
- Separate electric meters for added flexibility for tenants or owners
- Unit 3223: renovated kitchen, indoor laundry room, and new mini‑split A/C
Financial Insights For Multifamily LT 5
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 | $35.4k | $17.88 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $33.0k | $16.67 |
| − OpEx | −$9.9k | −$5.00 |
| NOI | $23.1k | $11.67 |
1,980 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$330.2K
$288.9K – $385.2K
NOI $23,111 @ 7.0% cap · market cap 5.15%
Second Best
Apartment 5plus
$260.1K
$227.6K – $303.5K
NOI $18,210 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$515.0K
$450.6K – $600.9K
NOI $36,051 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
352
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?
Duplex - Block-built duplex with newer roof, updated interiors, and separate electric meters for flexible occupancy or tenancy.
Where is this duplex located?
The property is located at 3223 DRYER 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: Block‑built duplex (1970) with newer roof and updated interiors and exterior paint; Separate electric meters for added flexibility for tenants or owners; Unit 3223: renovated kitchen, indoor laundry room, and new mini‑split A/C
