Building Details

Year Built 1959

Listing Agency: COMPASS FLORIDA LLC Show Phone

Listed By: Zach Steinberger · License #3438328 Show Phone

Source: Exitrealty

Added: May 31, 2025 Changed: Oct 1 Last Checked: Oct 14 at 8:37PM

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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 COMPASS FLORIDA LLC

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Investment Insights

Based on property information with market context.

This duplex includes a 1,452-square-foot main residence with four bedrooms and two bathrooms, plus a separate studio mother-in-law suite with a kitchenette. Improvements include vinyl flooring, fresh paint, selected updated windows, and newer stainless steel appliances. The property was built in 1959 with block construction.

Located in unincorporated Pinellas, the property is identified as being outside a flood zone and may legally accommodate short-term rentals such as Airbnb or VRBO. The configuration supports owner-occupancy with a separate second unit, and the property is presented with an 8%+ cap rate for investment analysis.

Key Highlights

• 1,452 SF duplex with a four‑bedroom, two‑bathroom main residence
• Separate studio mother‑in‑law suite with kitchenette
• 8%+ cap rate stated for the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,948

Cap Rate

4.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$338,960 $339.0K

Cap Rate 7%

$242,114 $242.1K

Cap Rate 9%

$188,311 $188.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,452 SF

Gross rent

$26.0K $17.88/SF

− Vacancy

−$1.7K −$1.21/SF

EGI

$24.2K $16.67/SF

− OpEx

−$7.3K −$5.00/SF

NOI

$16.9K $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%

$338,960

Cap Rate 7%

$242,114

Cap Rate 9%

$188,311

Alternative Uses

Best Use

Multifamily LT 5

$242.1K

$211.9K – $282.5K (±1% cap)

NOI $16,948 @ 7.0% cap · market cap 4.52%

Second Best

Apartment 5plus

$190.8K

$166.9K – $222.6K (±1% cap)

NOI $13,354 @ 7.0% cap · market cap 3.56%

Theoretical Best

Office A

$377.7K

$330.5K – $440.6K (±1% cap)

NOI $26,437 @ 7.0% cap · market cap 7.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Bakery Food Market Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

724

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

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit property with a four-bedroom main residence and separate studio suite featuring a kitchenette.

Where is this duplex located?

The property is located at 3684 14TH SE AVENUE Largo, FL.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: 1,452 SF duplex with a four‑bedroom, two‑bathroom main residence; Separate studio mother‑in‑law suite with kitchenette; 8%+ cap rate stated for the property