Duplex with Private
For Sale
$453,000
3366 CAMELOT Drive, Largo, FL 33771
MULTI_FAMILY - LARGO, FL
Property Size1,757 SF
Lot Size0.17 Acres
Price / SF$257.83
Days on Market60
Property Features for 3366 CAMELOT Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2
Parking features
Off Street
Window features
Blinds
Interior features
Ceiling Fans(s), Thermostat, Window Treatments
Exterior features
Fence, Private Entrance, Private Yard
Fencing
Fenced
Subdivision
VICTORIA PARK
Directions
US Hwy 19 N, exit East Bay Dr (FL-686), head east on East Bay Dr, turn left onto Camelot Dr, property on the left
Standard status
Active
APN
36-29-15-94023-002-0020
Size
1,757 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
VICTORIA PARK BLK 2, LOT 2
Tax Annual Amount
5658
Legal Description
VICTORIA PARK BLK 2, LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Central, Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
private outdoor living areas
screened patio
French doors
backyard porch
fenced yard
storage shed
tile flooring
Building Details
Year built
1978
Flooring type
Tile - Ceramic
Building materials
Brick
Roof type
Shingle
Listing Agency:
CAPSTONE REALTY & ASSOCIATES
(727) 301-7855
Listed By:
Joanne Pucci · License #3221041
(727) 657-7692
Added: Jun 12
Changed: Aug 4
Last Checked: Aug 10 at 9:06AM
MLS# TB8515014
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.
Brick duplex investment in Largo, Florida featuring two separately occupied units. The larger unit offers two bedrooms and one bath with a screened patio, French doors to an additional backyard porch, and a fenced yard that includes a storage shed. The second unit offers one bedroom and one bath with its own side and backyard private outdoor space.
Interior finishes include ceramic tile flooring throughout both units, with ceiling fans, a thermostat, and window treatments. Heating is provided by central electric systems with heat pump, and cooling is central air. Exterior amenities include fencing, private entrances, and private yard areas for each unit, with off-street parking.
The property has public water and public sewer service, a shingle roof, and was built in 1978. Total land area is 0.17 acres and the building size is 1,757 square feet. New water heaters were installed in both units in June 2026.
Interior finishes include ceramic tile flooring throughout both units, with ceiling fans, a thermostat, and window treatments. Heating is provided by central electric systems with heat pump, and cooling is central air. Exterior amenities include fencing, private entrances, and private yard areas for each unit, with off-street parking.
The property has public water and public sewer service, a shingle roof, and was built in 1978. Total land area is 0.17 acres and the building size is 1,757 square feet. New water heaters were installed in both units in June 2026.
Key Highlights
- 0.17‑acre duplex with 1,757 SF total building area
- Two separately occupied units: 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath
- Private outdoor space for each unit, including fenced yards and a storage shed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,508
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,160
$410.2K
Cap Rate 7%
$292,971
$293.0K
Cap Rate 9%
$227,867
$227.9K
Market Conditions
NOI Build-Up for 1,757 SF
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.
Gross rent
$31.4K $17.88/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$29.3K $16.67/SF
− OpEx
−$8.8K −$5.00/SF
NOI
$20.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$410,160
Cap Rate 7%
$292,971
Cap Rate 9%
$227,867
Alternative Uses
Best Use
Multifamily LT 5
$293.0K
$256.4K – $341.8K
NOI $20,508 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$457.0K
$399.9K – $533.2K
NOI $31,991 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
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
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 - Well-maintained brick duplex with ceramic tile floors, fenced private yards, and off-street parking for each tenant.
Where is this duplex located?
The property is located at 3366 CAMELOT Drive Largo, FL.
What is the asking price?
The asking price for this property is $453,000.
What are key features of this property?
This property features: 0.17‑acre duplex with 1,757 SF total building area; Two separately occupied units: 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath; Private outdoor space for each unit, including fenced yards and a storage shed
