Single-Level Block Duplex
For Sale
Under Contract
$363,500
3760 135TH Avenue, Largo, FL 33771
MULTI_FAMILY - LARGO, FL
Property Size1,650 SF
Lot Size0.13 Acres
Price / SF$220.30
Days on Market105
Property Features for 3760 135TH Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
Pets allowed
Dogs OK, Cats OK, Yes
Exterior features
Fence
Fencing
Fenced
Appliances
Range, Range Hood, Refrigerator
Subdivision
CORAL HEIGHTS SUB
Elementary school
Fuguitt Elementary-PN
Middle school
Pinellas Park Middle-PN
High school
Pinellas Park High-PN
Directions
From US-19, head west on Ulmerton Rd, turn right onto Coral Dr, then right onto 135th Ave. Property will be on your right.
Standard status
Active Under Contract
APN
01-30-15-18126-002-0120
Size
1,650 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CORAL HEIGHTS SUB BLK B, LOT 12
Tax Annual Amount
4014
Legal Description
CORAL HEIGHTS SUB BLK B, LOT 12
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1973
Building materials
Block
Listing Agency:
KELLER WILLIAMS TAMPA CENTRAL · Keller Williams Realty
(813) 865-0700
Listed By:
Bradley Chais · License #3135765
(813) 421-2855
Added: May 5
Changed: Aug 17
Last Checked: Aug 17 at 11:06PM
MLS# TB8505499
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 single-level duplex features block construction and a fenced exterior. Each side is configured as a 2-bedroom, 1-bath home with a living and dining combination, plus a galley kitchen. Central heating and central air are provided, and the property includes public water and public sewer. Appliances on-site include a range, range hood, and refrigerator.
The property is situated on a 0.13-acre lot and was built in 1973. It is in Flood Zone X, with no lender-required flood insurance noted. One unit is currently rented, while the other is delivered vacant and ready for an owner occupant or new tenant.
Zoned R-4 in Largo, the duplex is positioned near Indian Rocks Beach, Clearwater Beach, Ulmerton Road, and I-275, with access to dining and shopping in the surrounding area.
The property is situated on a 0.13-acre lot and was built in 1973. It is in Flood Zone X, with no lender-required flood insurance noted. One unit is currently rented, while the other is delivered vacant and ready for an owner occupant or new tenant.
Zoned R-4 in Largo, the duplex is positioned near Indian Rocks Beach, Clearwater Beach, Ulmerton Road, and I-275, with access to dining and shopping in the surrounding area.
Key Highlights
- 0.13‑acre lot in R‑4 zoning
- 1973 block‑construction, single‑level duplex
- Two units, each with 2 bedrooms and 1 bathroom
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
$19,259
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
5.30%
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%
$385,180
$385.2K
Cap Rate 7%
$275,129
$275.1K
Cap Rate 9%
$213,989
$214.0K
Market Conditions
NOI Build-Up for 1,650 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
$29.5K $17.88/SF
− Vacancy
−$2.0K −$1.21/SF
EGI
$27.5K $16.67/SF
− OpEx
−$8.3K −$5.00/SF
NOI
$19.3K $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%
$385,180
Cap Rate 7%
$275,129
Cap Rate 9%
$213,989
Alternative Uses
Best Use
Multifamily LT 5
$275.1K
$240.7K – $321.0K
NOI $19,259 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$216.8K
$189.7K – $252.9K
NOI $15,175 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$429.2K
$375.5K – $500.7K
NOI $30,042 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,129
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R-4 zoned, single-level duplex with fenced yard, public utilities, and two 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 3760 135TH Avenue Largo, FL.
What is the asking price?
The asking price for this property is $363,500.
What are key features of this property?
This property features: 0.13‑acre lot in R‑4 zoning; 1973 block‑construction, single‑level duplex; Two units, each with 2 bedrooms and 1 bathroom
