Duplex with Two 2-Bed
397 SW 2ND STREET Largo, FL 33770
397 SW 2ND STREET, Largo, FL, 33770
$399,000
For Sale
$399,000
Solid duplex offering two 2-bedroom, 1-bath units, each with inside laundry, on a large lot.
Property Size1,462 SF
Price / SF$272.91
Days on Market10
Property Features for 397 SW 2ND STREET
General Information
- Standard status
- Active
- Size
- 1,462 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1986
Listing agency
COLDWELL BANKER REALTY
(727) 822-9111
Listed by
Brad Bess · License #3232141
Source
Miharaandassociates
Added: Jul 13 Updated: Jul 21 at 3:35PM Checked: Jul 21 at 3:35PM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This solid duplex features two separate 2-bedroom, 1-bath units, each with inside laundry and a functional layout. The configuration supports a straightforward live-in or rental arrangement, with the opportunity to keep both sides generating income.
The property sits on a large lot just minutes from downtown Largo and is directly across the street from a lakefront park. The surrounding area includes additional parks, a skate park, restaurants, shopping, and year-round community events, providing an easy daily-access environment for residents.
As a duplex, the asset offers two complete residential units within one property footprint, making it well suited for an owner-occupant looking for added rental income or an investor seeking a two-unit rental setup.
The property sits on a large lot just minutes from downtown Largo and is directly across the street from a lakefront park. The surrounding area includes additional parks, a skate park, restaurants, shopping, and year-round community events, providing an easy daily-access environment for residents.
As a duplex, the asset offers two complete residential units within one property footprint, making it well suited for an owner-occupant looking for added rental income or an investor seeking a two-unit rental setup.
Key Highlights
- 1986‑built duplex with two 2‑bedroom, 1‑bath units
- Each unit includes inside laundry
- Property sits on a large lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $17.88 |
| − Vacancy | −$1.8k | −$1.21 |
| EGI | $24.4k | $16.67 |
| − OpEx | −$7.3k | −$5.00 |
| NOI | $17.1k | $11.67 |
1,462 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$243.8K
$213.3K – $284.4K
NOI $17,065 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,446 @ 7.0% cap · market cap 3.37%
Theoretical Best
Office A
$380.3K
$332.7K – $443.7K
NOI $26,619 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Solid duplex offering two 2-bedroom, 1-bath units, each with inside laundry, on a large lot.
Where is this duplex located?
The property is located at 397 SW 2ND STREET Largo, FL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1986‑built duplex with two 2‑bedroom, 1‑bath units; Each unit includes inside laundry; Property sits on a large lot
