Duplex with Lakefront Park
For Sale
$379,000
397 SW 2ND ST, Largo, FL 33770
Two separately configured units offer inside laundry and flexible owner-occupant or rental use.
Property Size1,462 SF
Price / SF$259.23
Days on Market20
Property Features for 397 SW 2ND ST
General Information
Standard status
Active
Size
1,462 SF
Property subtype
Duplex
Amenities
inside laundry
Building Details
Building Size
1,462 SF
Year Built
1986
Buildings
1
Tenancy
Multi
Listing Agency:
COLDWELL BANKER REALTY
(727) 324-3077
Listed By:
Brad Bess · License #3232141
Source:
Stationsquarerealty
Added: Jul 13
Changed: Jul 31
Last Checked: Jul 31 at 6:26PM
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 duplex includes two 2-bedroom, 1-bath units, each with inside laundry and a functional layout. Built in 1986, the property contains 1,462 square feet and offers flexibility for an owner-occupant, leasing both units, or occupying one side while renting the other.
Situated on a large lot at 397 SW 2ND ST in Largo, the property is directly across the street from a lakefront park with walking paths and open green space. Downtown Largo, additional parks, the skate park, restaurants, shopping, and year-round community events are nearby.
Situated on a large lot at 397 SW 2ND ST in Largo, the property is directly across the street from a lakefront park with walking paths and open green space. Downtown Largo, additional parks, the skate park, restaurants, shopping, and year-round community events are nearby.
Key Highlights
- Two 2‑bedroom, 1‑bath units
- Inside laundry in each unit
- 1,462 square feet built in 1986
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 4.50%
Second Best
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,446 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$380.3K
$332.7K – $443.7K
NOI $26,619 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
873
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured units offer inside laundry and flexible owner-occupant or rental use.
Where is this duplex located?
The property is located at 397 SW 2ND ST Largo, FL.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; Inside laundry in each unit; 1,462 square feet built in 1986
