Block Duplex with Updated
615 2ND Avenue NE Largo, FL 33770
615 2ND Avenue NE, Largo, FL, 33770
$399,990
For Sale
Under Contract
$399,990
MULTI_FAMILY - LARGO, FL
Property Size1,680 SF
Lot Size0.19 Acres
Price / SF$238.09
Days on Market16
Property Features for 615 2ND Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Family Room, Bedroom 4, Bedroom 2, Dining Room, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fans(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Solid Surface Counters
- Exterior features
- Lighting, Private Entrance, Private Mailbox, Sliding Doors, Storage
- Standard status
- Active Under Contract
- APN
- 34-29-15-76536-016-0040
- Size
- 1,680 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ROOSEVELT GROVES BLK 16, LOT 4 & W 12.4FT OF LOT 5
- Tax Annual Amount
- 1006
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 1
- Flooring type
- Tile, Vinyl
- Building materials
- Block
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agency
LPT REALTY, LLC
(877) 366-2213
Listed by
Ben Mitrano PA · License #3453922
(727) 504-3490
Added: Jul 8 Updated: Jul 22 at 9:54PM Checked: Jul 23 at 3:06AM
MLS# TB8527157
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 solid block duplex was constructed in 1980 and offers a consistent two-bedroom, one-bath layout on each side. One unit is currently tenant-occupied, while the other is owner-occupied and has been maintained by the same owner since 1990. The property includes improvements aimed at long-term value, including updated service electrical panels for both sides and a roof replacement that was replaced and permitted in 2016.
Unit B has been updated with a complete kitchen remodel featuring brand-new stainless steel appliances, along with modern luxury vinyl plank (LVP) flooring and fresh interior paint throughout. The property is situated in a non-flood zone and is outside evacuation zones, with no HOA or deed restrictions reported in the public remarks.
The duplex is listed in Largo, FL (Pinellas County) at 615 2nd Ave NE, and is described as being within easy walking distance of Largo Central Park and the downtown Largo district.
Unit B has been updated with a complete kitchen remodel featuring brand-new stainless steel appliances, along with modern luxury vinyl plank (LVP) flooring and fresh interior paint throughout. The property is situated in a non-flood zone and is outside evacuation zones, with no HOA or deed restrictions reported in the public remarks.
The duplex is listed in Largo, FL (Pinellas County) at 615 2nd Ave NE, and is described as being within easy walking distance of Largo Central Park and the downtown Largo district.
Key Highlights
- Block duplex built in 1980 with two 2‑bedroom, 1‑bath units
- One unit is currently tenant‑occupied for immediate rental income while the other is owner‑occupied
- Electrical panels updated on both service panels
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 | $30.0k | $17.88 |
| − Vacancy | −$2.0k | −$1.21 |
| EGI | $28.0k | $16.67 |
| − OpEx | −$8.4k | −$5.00 |
| NOI | $19.6k | $11.67 |
1,680 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.1K
$245.1K – $326.8K
NOI $19,610 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$437.0K
$382.4K – $509.8K
NOI $30,589 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two one-bath two-bedroom units in a solid block duplex with updated electrical panels and a permitted 2016 roof replacement.
Where is this duplex located?
The property is located at 615 2ND Avenue NE Largo, FL.
What is the asking price?
The asking price for this property is $399,990.
What are key features of this property?
This property features: Block duplex built in 1980 with two 2‑bedroom, 1‑bath units; One unit is currently tenant‑occupied for immediate rental income while the other is owner‑occupied; Electrical panels updated on both service panels
