Updated Duplex with Separate
3223 DRYER Avenue Largo, FL 33770
New
For Sale
$449,000
MULTI_FAMILY - LARGO, FL
Property Size1,980 SF
Lot Size0.17 Acres
Price / SF$226.77
Days on Market6
Property Features for 3223 DRYER Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2
- Interior features
- Ceiling Fans(s), Primary Bedroom Main Floor, Walk-In Closet(s), Window Treatments
- Exterior features
- Storage
- Standard status
- Active
- APN
- 05-30-15-36180-001-0010
- Size
- 1,980 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- HARBOR LAKE ESTATES BLK A, LOT 1
- Tax Annual Amount
- 5283
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Block, Stucco
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency:
COLDWELL BANKER REALTY
(727) 581-9411
Listed By:
Martha Thorn · License #477603
(727) 432-9019
Added: Jul 20
Changed: Jul 22
Last Checked: Jul 25 at 1:06PM
MLS# TB8530064
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 updated duplex is constructed of durable block and includes a newer roof. Both units have been refreshed with new interior and exterior paint, updated baths with new vanities and toilets, and luxury vinyl flooring. Improvements include ceiling fans and new stainless-steel appliances in each unit. Unit 3223 features a completely renovated kitchen, a spacious family room, a new mini-split A/C, and an indoor laundry room. Unit 3225 includes a brand-new central air conditioning system.
The property offers separate electric meters for added flexibility between the two units. Outside, there is a private backyard shaded by a mature tree.
The duplex is listed for sale and is located in Largo, Florida, near shopping, restaurants, parks, and the Gulf beaches.
The property offers separate electric meters for added flexibility between the two units. Outside, there is a private backyard shaded by a mature tree.
The duplex is listed for sale and is located in Largo, Florida, near shopping, restaurants, parks, and the Gulf beaches.
Key Highlights
- Duplex built in 1970 with block and stucco construction, featuring public water and public sewer
- Separate electric meters for additional flexibility between units
- Both units refreshed with new interior and exterior paint, updated baths with new vanities and toilets
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Block duplex with newer roof, updated interiors, and separate electric meters for the two units.
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: Duplex built in 1970 with block and stucco construction, featuring public water and public sewer; Separate electric meters for additional flexibility between units; Both units refreshed with new interior and exterior paint, updated baths with new vanities and toilets
