Waterfront Duplex with Two-Car
New
For Sale
$565,000
3301 SHERWOOD Drive, Largo, FL 33771
Residential Income, LARGO, FL
Property Size2,223 SF
Lot Size0.59 Acres
Price / SF$254.16
Days on Market1
Property Features for 3301 SHERWOOD Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bedroom 2
Parking features
Open, Driveway, Oversize
Security features
Security System
Window features
ENERGY STAR Qualified WIndows
Patio and Porch features
Patio
Interior features
Stone Counters, Thermostat
Exterior features
Lighting, Outdoor Grill, Sidewalk, Storage
Appliances
Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer, Water Softener
Subdivision
VICTORIA PARK
Lot features
Cul-De-Sac, City Limits, In County, Near Golf Course, Near Public Transit, Oversized Lot, Sidewalk, Street Dead- End
View
Lake, Water
Directions
located at the end of the cul-de-sac
Standard status
Active
APN
36-29-15-94023-001-0060
Size
2,223 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORIA PARK BLK 1, LOT 6 & THAT PART OF TRACT A ADJ ON W PER O.R. 3907/365
Tax Annual Amount
5342
Legal Description
VICTORIA PARK BLK 1, LOT 6 & THAT PART OF TRACT A ADJ ON W PER O.R. 3907/365
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
waterfront
Building Details
Year built
1979
Floors in Building
2
Flooring type
Tile
Building materials
Block
Roof type
Shingle
Additional Structures
Gazebo, Storage
Listing Agency:
FLAT FEE MLS REALTY
Listed By:
Stephen Hachey · License #261545422
(813) 642-6030
Added: Nov 6
Last Checked: Nov 6 at 3:06PM
MLS# TB8565043
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.
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Investment Insights
Based on property information with market context.
This block-constructed duplex contains 2,223 square feet across two renovated units, each with two bedrooms and one bathroom. Each unit also has a bonus room that could be configured as an additional bedroom. Property features include a full-size two-car garage, impact-rated windows and doors, a newer roof, central air, tile flooring, and a patio. The 0.59-acre parcel fronts a lake and provides an expansive yard and open parking; the lake supports freshwater fishing and kayaking.
The property is one block from retail shopping, grocery stores, and restaurants, with access to East Bay Drive nearby. 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 one block from retail shopping, grocery stores, and restaurants, with access to East Bay Drive nearby. 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 renovated units, each with 2 bedrooms, 1 bathroom, and a bonus room
- 2,223‑square‑foot duplex on a 0.59‑acre waterfront lot
- Full‑size two‑car garage, plus open parking
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
$145,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Largo, FL
Properties on Market for Duplexes in Largo
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two renovated residences share a bonus room in each unit, impact-rated windows and doors, and outdoor space along the water.
Where is this duplex located?
The property is located at 3301 SHERWOOD Drive 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 renovated units, each with 2 bedrooms, 1 bathroom, and a bonus room; 2,223‑square‑foot duplex on a 0.59‑acre waterfront lot; Full‑size two‑car garage, plus open parking
