Duplex with Private Fenced
3517 SHERWOOD DRIVE, Largo, FL 33771
For Sale
$480,000
Both residences offer two bedrooms, in-unit laundry, separate dining areas, and individual utility meters.
Property Size2,128 SF
Price / SF$225.56
Days on Market19
Property Features for 3517 SHERWOOD DRIVE
General Information
Standard status
Size
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Gross Income
Utilities to Site
Tenant in Place
Amenities
in-unit washer/dryer
private fenced yard
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
BLAKE REAL ESTATE INC
(727) 359-0388
Listed By:
Angela Rodriguez · License FL #3349327
(813) 447-4819
Source:
Dennisrealty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 6:50AM
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 BLAKE REAL ESTATE INC
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Investment Insights
Based on property information with market context.
Built in 1984, this 2,128-square-foot duplex contains two residences, each with two bedrooms, one full bathroom, a kitchen, a separate dining area, and in-unit laundry. Both units include a refrigerator, range, microwave, and dishwasher, plus a private fenced yard. The property is occupied by long-term tenants, and each residence has separate water and electric meters.
Improvements include granite kitchen countertops in Unit B in January 2021 and replacement of both A/C units in August 2021. The exterior was painted in August 2023, and separate utility meters were installed the following month. Unit A received a full remodel in June 2024, including granite countertops. A new roof was installed in May 2026.
Eagle Lake Park and Largo Central Park are nearby. East Bay Drive provides access to shopping, dining, and everyday services.
Improvements include granite kitchen countertops in Unit B in January 2021 and replacement of both A/C units in August 2021. The exterior was painted in August 2023, and separate utility meters were installed the following month. Unit A received a full remodel in June 2024, including granite countertops. A new roof was installed in May 2026.
Eagle Lake Park and Largo Central Park are nearby. East Bay Drive provides access to shopping, dining, and everyday services.
Key Highlights
- 2,128‑square‑foot duplex built in 1984
- Two residences, each with 2 bedrooms and 1 full bathroom
- Private fenced yard and in‑unit washer and dryer for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,839
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$496,780
$496.8K
Cap Rate 7%
$354,843
$354.8K
Cap Rate 9%
$275,989
$276.0K
Market Conditions
NOI Build-Up for 2,128 SF
Gross rent
$38.0K $17.88/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$35.5K $16.67/SF
− OpEx
−$10.6K −$5.00/SF
NOI
$24.8K $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%
$496,780
Cap Rate 7%
$354,843
Cap Rate 9%
$275,989
Alternative Uses
Best Use
Multifamily LT 5
$354.8K
$310.5K – $414.0K
NOI $24,839 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$329.9K
$288.7K – $384.9K
NOI $23,094 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$553.5K
$484.3K – $645.8K
NOI $38,746 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
800
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 - Both residences offer two bedrooms, in-unit laundry, separate dining areas, and individual utility meters.
Where is this duplex located?
The property is located at 3517 SHERWOOD DRIVE Largo, FL.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 2,128‑square‑foot duplex built in 1984; Two residences, each with 2 bedrooms and 1 full bathroom; Private fenced yard and in‑unit washer and dryer for each residence
