Two-Residence Multifamily
For Sale
$395,900
602 4TH AVENUE NW, Largo, FL 33770
Two separate homes occupy one parcel, with off-street parking and public utility service.
Property Size1,254 SF
Price / SF$315.71
Days on Market22
Property Features for 602 4TH AVENUE NW
General Information
Standard status
Active
Size
1,254 SF
Property subtype
Duplex
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
off-street parking
Building Details
Year Built
1945
Buildings
2
Listing Agency:
ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
(407) 967-2867
Listed By:
Adan Ordonez · License #3188653
(407) 203-6903
Source:
Homanrealtygroup
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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 ADAN INVESTMENTS REAL ESTATE GROUP, PLLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two detached residential structures sit on a single fee-simple parcel in Largo. The property was built in 1945 and has off-street parking and public utilities. Public records identify two residences; the unit arrangement and other operating details should be confirmed independently.
The property offers access to downtown Largo, shopping, dining, parks, major routes, and Gulf beaches. Its separate structures and single-parcel ownership define the property's residential configuration.
The property offers access to downtown Largo, shopping, dining, parks, major routes, and Gulf beaches. Its separate structures and single-parcel ownership define the property's residential configuration.
Key Highlights
- Two detached residential structures on one fee‑simple parcel
- Built in 1945
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,533
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,660
$230.7K
Cap Rate 7%
$164,757
$164.8K
Cap Rate 9%
$128,144
$128.1K
Market Conditions
NOI Build-Up for 1,254 SF
Gross rent
$22.6K $18.00/SF
− Vacancy
−$1.6K −$1.28/SF
EGI
$21.0K $16.72/SF
− OpEx
−$9.4K −$7.52/SF
NOI
$11.5K $9.20/SF
Area
Pinellas County, FL
Vacancy
7.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,660
Cap Rate 7%
$164,757
Cap Rate 9%
$128,144
Alternative Uses
Best Use
Apartment 5plus
$164.8K
$144.2K – $192.2K
NOI $11,533 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$326.2K
$285.4K – $380.5K
NOI $22,832 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate homes occupy one parcel, with off-street parking and public utility service.
Where is this multifamily property located?
The property is located at 602 4TH AVENUE NW Largo, FL.
What is the asking price?
The asking price for this property is $395,900.
What are key features of this property?
This property features: Two detached residential structures on one fee‑simple parcel; Built in 1945; Off‑street parking
