Waterfront Duplex with Two-Car
For Sale
$565,000
3301 SHERWOOD DR, Largo, FL 33771
Two updated residences share a bonus room in each unit and access to a full-size garage.
Property Size2,223 SF
Price / SF$254.16
Days on Market10
Property Features for 3301 SHERWOOD DR
General Information
Standard status
Active
Size
2,223 SF
Property subtype
Half Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,342
Amenities
garage
waterfront
Building Details
Building Size
2,223 SF
Year Built
1979
Buildings
1
Listing Agency:
FLAT FEE MLS REALTY
Listed By:
Stephen Hachey · License #261545422
(813) 642-6030
Source:
Stationsquarerealty
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 27 at 1:07AM
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 FLAT FEE MLS REALTY
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Investment Insights
Based on property information with market context.
This 2,223-square-foot duplex, built in 1979, has two renovated units, each configured with 2 bedrooms, 1 bathroom, and a bonus room. Property updates include a newer roof and impact-rated windows and doors. A full-size two-car garage serves the building, which sits on an oversized lot along a lakefront setting.
The property is just off East Bay Drive, with retail shopping, grocery stores, and restaurants one block away. St. Pete–Clearwater International Airport is 4.3 miles away, downtown St. Petersburg is 15 miles away, and the nearest beach is 6 miles away.
The property is just off East Bay Drive, with retail shopping, grocery stores, and restaurants one block away. St. Pete–Clearwater International Airport is 4.3 miles away, downtown St. Petersburg is 15 miles away, and the nearest beach is 6 miles away.
Key Highlights
- Two units, each with 2 bedrooms, 1 bathroom, and a bonus room
- 2,223 square feet; built in 1979
- Full‑size two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,948
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$518,960
$519.0K
Cap Rate 7%
$370,686
$370.7K
Cap Rate 9%
$288,311
$288.3K
Market Conditions
NOI Build-Up for 2,223 SF
Gross rent
$39.7K $17.88/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$37.1K $16.67/SF
− OpEx
−$11.1K −$5.00/SF
NOI
$25.9K $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%
$518,960
Cap Rate 7%
$370,686
Cap Rate 9%
$288,311
Alternative Uses
Best Use
Multifamily LT 5
$370.7K
$324.4K – $432.5K
NOI $25,948 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$292.1K
$255.6K – $340.8K
NOI $20,445 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$578.2K
$505.9K – $674.6K
NOI $40,475 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
835
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences share a bonus room in each unit and access to a full-size garage.
Where is this duplex located?
The property is located at 3301 SHERWOOD DR Largo, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms, 1 bathroom, and a bonus room; 2,223 square feet; built in 1979; Full‑size two‑car garage
