Four-Unit Quadplex
New
For Sale
$700,000
373 5TH Street NW, Largo, FL 33770
Residential Income, LARGO, FL
Property Size3,780 SF
Lot Size0.26 Acres
Price / SF$185.19
Days on Market7
Property Features for 373 5TH Street NW
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 5, Bathroom 8, Bedroom 7, Bathroom 3, Bathroom 6, Bathroom 2, Bathroom 7, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 8, Dining Room, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Open, On Street
Patio and Porch features
Porch
Pets allowed
Yes
Interior features
Ceiling Fans(s), Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
Exterior features
Private Entrance, Private Yard, Sidewalk
Appliances
Electric Water Heater, Range, Refrigerator
Subdivision
LARGO HEIGHTS REV
Lot features
City Limits, Sidewalk, Paved
Elementary school
Mildred Helms Elementary-PN
Middle school
Largo Middle-PN
High school
Largo High-PN
Directions
From Clearwater Largo Road and East Bay Drive. head North on Clearwater largo road to 4th Ave NW turn right and property is located on the corner of 4th Ave NW and 5th STreet NW
Standard status
Active
APN
34-29-15-50130-003-0140
Size
3,780 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LARGO HEIGHTS REVISED BLK C, LOTS 14 AND 15
Tax Annual Amount
8747
Legal Description
LARGO HEIGHTS REVISED BLK C, LOTS 14 AND 15
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
1
Number of units
4
Flooring type
Carpet, Linoleum
Building materials
Stucco, Frame
Roof type
Shingle
Listing Agency:
RE/MAX ACTION FIRST OF FLORIDA · RE/MAX International
(727) 531-2006
Listed By:
Michelle Cline, PA
(727) 424-1108
Added: Sep 15
Changed: Sep 21
Last Checked: Sep 21 at 2:06AM
MLS# TB8549329
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.
This quadplex comprises two separate mirrored duplexes with four total single-level units. Each residence includes two bedrooms, two full bathrooms, a primary-bedroom walk-in closet, and a living room/dining room combination. The property contains 3,780 square feet on a 0.26-acre lot and was built in 1985. A brand-new shingle roof was completed in 2026, and a termite warranty is included. Individual features include central air, electric heating, private entrances, porches, and dedicated parking pads, with additional on-street parking available.
The property is located at 373 5TH Street NW in Largo, within walking distance of Largo Central Park. Shopping, dining, major roadways, and Gulf beaches are also identified as nearby conveniences. Public water and public sewer serve the property, while sidewalk access and private yards add to the site’s residential functionality.
The property is located at 373 5TH Street NW in Largo, within walking distance of Largo Central Park. Shopping, dining, major roadways, and Gulf beaches are also identified as nearby conveniences. Public water and public sewer serve the property, while sidewalk access and private yards add to the site’s residential functionality.
Key Highlights
- Four total units arranged as two separate mirrored duplexes
- Each unit includes 2 bedrooms and 2 full bathrooms
- 3,780 square feet on a 0.26‑acre lot
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
$44,122
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
6.30%
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%
$882,440
$882.4K
Cap Rate 7%
$630,314
$630.3K
Cap Rate 9%
$490,244
$490.2K
Market Conditions
NOI Build-Up for 3,780 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
$67.6K $17.88/SF
− Vacancy
−$4.6K −$1.21/SF
EGI
$63.0K $16.67/SF
− OpEx
−$18.9K −$5.00/SF
NOI
$44.1K $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%
$882,440
Cap Rate 7%
$630,314
Cap Rate 9%
$490,244
Alternative Uses
Best Use
Multifamily LT 5
$630.3K
$551.5K – $735.4K
NOI $44,122 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$496.6K
$434.6K – $579.4K
NOI $34,765 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$983.2K
$860.3K – $1.15M
NOI $68,825 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,775
Businesses Nearby
Explore this area
Business Placement
Demographics for 33770, FL
25,475
Population
13,417
Households
1.9
Avg Household Size
50
Median Age
26%
College-Educated
90%
High-School Grad
5.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$58,071
Median Household Income
$39,354
Median Earnings
$1,481
Median Rent
$245,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Two mirrored duplexes offer single-level living with consistent two-bedroom, two-bath layouts throughout.
Where is this quadplex located?
The property is located at 373 5TH Street NW Largo, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four total units arranged as two separate mirrored duplexes; Each unit includes 2 bedrooms and 2 full bathrooms; 3,780 square feet on a 0.26‑acre lot
