Duplex with Private Outdoor
For Sale
$439,000
3366 Camelot Drive Unit A & B, Largo, FL 33771
Two separately occupied residences offer distinct outdoor spaces, durable tile flooring, and tenant-oriented features.
Property Size1,757 SF
Price / SF$249.86
Days on Market69
Property Features for 3366 Camelot Drive Unit A & B
General Information
Standard status
Active
Size
1,757 SF
Property subtype
Multi-family
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:
Realtygroupfl
Added: Jun 10
Changed: Aug 16
Last Checked: Aug 16 at 9:35AM
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.
Built in 1978, this duplex contains two separately occupied residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Both units feature tile flooring throughout and private side and backyard areas. The larger residence adds a screened patio, French doors, a rear porch, and a fenced yard with a storage shed. New water heaters were installed in both units in June 2026.
The property is located at 3366 Camelot Drive, Unit A & B, in Largo, Florida. Its setting is near shopping, dining, major roadways, and local attractions. The separate unit layouts and outdoor areas provide a practical configuration for a residential income property.
The property is located at 3366 Camelot Drive, Unit A & B, in Largo, Florida. Its setting is near shopping, dining, major roadways, and local attractions. The separate unit layouts and outdoor areas provide a practical configuration for a residential income property.
Key Highlights
- Two‑unit duplex with a 2‑bedroom, 1‑bath residence and a 1‑bedroom, 1‑bath residence
- Both units have separate side and backyard outdoor areas
- 2‑bedroom unit includes a screened patio, rear porch, French doors, and fenced yard
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
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 - Two separately occupied residences offer distinct outdoor spaces, durable tile flooring, and tenant-oriented features.
Where is this duplex located?
The property is located at 3366 Camelot Drive Unit 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‑unit duplex with a 2‑bedroom, 1‑bath residence and a 1‑bedroom, 1‑bath residence; Both units have separate side and backyard outdoor areas; 2‑bedroom unit includes a screened patio, rear porch, French doors, and fenced yard
