Renovated 3-Unit
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 Market47
Property Features for 714 1ST Avenue SW
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bathroom 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 28
Last Checked: Oct 17 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
This 1,880-square-foot concrete triplex contains three distinct units: a 780-square-foot open-space unit, a 300-square-foot studio, and a 780-square-foot two-bedroom, one-bath apartment. The configuration supports living in one unit while leasing the others, subject to the property’s use and applicable requirements. Primary-bedroom-on-main-floor placement, central air, natural-gas heating, public water, and public sewer are among the property features.
A full renovation was completed in 2025, including roof replacement, insulation improvements, new ceilings, exterior doors and windows, electrical and plumbing updates, interior and exterior painting, and new fencing. The property occupies 0.11 acres in downtown Largo near beaches, businesses, City Hall, and Central Park. The sale is offered as-is.
A full renovation was completed in 2025, including roof replacement, insulation improvements, new ceilings, exterior doors and windows, electrical and plumbing updates, interior and exterior painting, and new fencing. The property occupies 0.11 acres in downtown Largo near beaches, businesses, City Hall, and Central Park. The sale is offered as-is.
Key Highlights
- Full renovation completed in 2025, including roof, windows, doors, insulation, electrical, plumbing, paint, and fencing
- Three‑unit layout with a 780‑square‑foot open‑space unit, 300‑square‑foot studio, and 780‑square‑foot 2‑bedroom, 1‑bath apartment
- 1,880 square feet of building area on a 0.11‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,944
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines an open-layout unit, a studio, and a two-bedroom apartment in one multifamily asset.
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: Full renovation completed in 2025, including roof, windows, doors, insulation, electrical, plumbing, paint, and fencing; Three‑unit layout with a 780‑square‑foot open‑space unit, 300‑square‑foot studio, and 780‑square‑foot 2‑bedroom, 1‑bath apartment; 1,880 square feet of building area on a 0.11‑acre lot
