Two-Unit Duplex with
For Sale
$439,000
3366 Camelot Drive A & B, Largo, FL 33771
Separately occupied units offer private outdoor areas, tile flooring, and distinct bedroom configurations for residential income use.
Property Size1,757 SF
Price / SF$249.86
Days on Market18
Property Features for 3366 Camelot Drive A & B
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Amenities
screened patio
backyard porch
fenced yard
storage shed
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
CAPSTONE REALTY & ASSOCIATES
(727) 657-7692
Listed By:
Joanne Pucci · License #3221041
Source:
Flflourish
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 30 at 8:25PM
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 CAPSTONE REALTY & ASSOCIATES
Investment Insights
Based on property information with market context.
This duplex contains two separately occupied residences: one with 2 bedrooms and 1 bathroom, and another with 1 bedroom and 1 bathroom. Both units have tile flooring and dedicated outdoor areas, including separate side and backyard spaces. The larger residence adds a screened patio, French doors, a second backyard porch, and a fenced yard with a storage shed.
Built in 1978, the property is located at 3366 Camelot Drive A & B in Largo, Florida. Shopping, dining, major roadways, and local attractions are identified as nearby. Both units received new water heaters in June 2026, adding a recent systems update to the property.
Built in 1978, the property is located at 3366 Camelot Drive A & B in Largo, Florida. Shopping, dining, major roadways, and local attractions are identified as nearby. Both units received new water heaters in June 2026, adding a recent systems update to the property.
Key Highlights
- Two separately occupied units: 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath
- Private side and backyard areas provided for each unit
- 2‑bedroom unit includes a screened patio and additional backyard porch
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
4.67%
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 4.67%
Second Best
Apartment 5plus
$230.8K
$202.0K – $269.3K
NOI $16,159 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$457.0K
$399.9K – $533.2K
NOI $31,991 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
782
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 - Separately occupied units offer private outdoor areas, tile flooring, and distinct bedroom configurations for residential income use.
Where is this duplex located?
The property is located at 3366 Camelot Drive A & B Largo, FL.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Two separately occupied units: 2‑bedroom, 1‑bath and 1‑bedroom, 1‑bath; Private side and backyard areas provided for each unit; 2‑bedroom unit includes a screened patio and additional backyard porch
