Concrete Triplex with Central
New
For Sale
$390,000
714 1ST Avenue SW, Largo, FL 33770
Residential Income, LARGO, FL
Property Size1,880 SF
Lot Size0.11 Acres
Price / SF$207.45
Days on Market2
Property Features for 714 1ST Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 6, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2
Interior features
Primary Bedroom Main Floor
Subdivision
HARRISONS W T RESUB
Directions
Drive west on 8th Ave SW. Right to Clearwater Largo Road South. Right to 1st Ave SW. Property is on the left.
Standard status
Active
APN
34-29-15-37224-002-0090
Size
1,880 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
HARRISON'S W.T. RESUB BLK B, LOT 9 & W 1FT OF LOT 10 LESS ST
Tax Annual Amount
2475
Legal Description
HARRISON'S W.T. RESUB BLK B, LOT 9 & W 1FT OF LOT 10 LESS ST
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Number of units
3
Building materials
Concrete
Listing Agency:
BEYCOME OF FLORIDA LLC
(804) 656-5007
Listed By:
Steven Koleno · License #3469487
(844) 239-2663
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 2 at 6:06AM
MLS# O6438145
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 1,880-square-foot triplex on a 0.11-acre lot was built in 1953 with concrete construction. The property includes seven bedrooms and six bathrooms, along with a primary bedroom on the main floor. Central air conditioning and natural gas heating serve the interior, while public water and public sewer provide utility service.
Located at 714 1st Avenue SW in Largo, the property is within Pinellas County and carries a 33770 ZIP code. The configuration offers multiple bedrooms and bathrooms across the residential asset, with the available room layout supporting a range of household arrangements.
Located at 714 1st Avenue SW in Largo, the property is within Pinellas County and carries a 33770 ZIP code. The configuration offers multiple bedrooms and bathrooms across the residential asset, with the available room layout supporting a range of household arrangements.
Key Highlights
- 1,880‑square‑foot triplex on a 0.11‑acre lot
- Seven bedrooms and six bathrooms
- Concrete construction completed in 1953
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
$21,944
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
5.63%
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%
$438,880
$438.9K
Cap Rate 7%
$313,486
$313.5K
Cap Rate 9%
$243,822
$243.8K
Market Conditions
NOI Build-Up for 1,880 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
$33.6K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$31.3K $16.67/SF
− OpEx
−$9.4K −$5.00/SF
NOI
$21.9K $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%
$438,880
Cap Rate 7%
$313,486
Cap Rate 9%
$243,822
Alternative Uses
Best Use
Multifamily LT 5
$313.5K
$274.3K – $365.7K
NOI $21,944 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$247.0K
$216.1K – $288.2K
NOI $17,291 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$489.0K
$427.9K – $570.5K
NOI $34,230 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,853
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?
Triplex - Three-unit residential property with a main-floor primary bedroom, public utilities, and a practical interior layout.
Where is this triplex located?
The property is located at 714 1ST Avenue SW Largo, FL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: 1,880‑square‑foot triplex on a 0.11‑acre lot; Seven bedrooms and six bathrooms; Concrete construction completed in 1953
