Updated Duplex with Private
For Sale
$340,000
Pending
726 STREMMA Road, Largo, FL 33770
Residential Income, LARGO, FL
Property Size1,008 SF
Lot Size0.17 Acres
Days on Market237
Property Features for 726 STREMMA Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Pets allowed
Yes
Interior features
Ceiling Fans(s)
Exterior features
Fence, Storage
Fencing
Fenced
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
GLENWOOD PARK
Elementary school
Mildred Helms Elementary-PN
Middle school
Largo Middle-PN
High school
Largo High-PN
Directions
I-275 South (or get on I-275 S if you're near downtown), Take I-275 South across the Howard Frankland Bridge over Tampa Bay (about 10-12 miles), Continue on I-275 S, then take Exit 30 toward FL-686/Roosevelt Blvd/Largo/St. Pete-Clearwater Airport, Merge onto FL-686 West (Roosevelt Blvd), heading west for about 2 miles, Turn right (north) onto Clearwater Largo Rd N (also known as Clearwater-Largo Road), Continue north on Clearwater Largo Rd N for about 1-2 miles, Turn left (west) onto Stremma Rd.
Standard status
Pending
APN
34-29-15-00000-220-1100
Size
1,008 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
W 50FT OF E 90FT OF W 750.4FT OF S 150FT OF N 315FT OF NW 1/4 OF NW 1/4 OF SEC 34-29-15
Tax Annual Amount
5575
Legal Description
W 50FT OF E 90FT OF W 750.4FT OF S 150FT OF N 315FT OF NW 1/4 OF NW 1/4 OF SEC 34-29-15
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Water source
Public
Amenities
shared private backyard
mini-split AC/heat
Building Details
Year built
1962
Number of units
2
Building materials
Block
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
LPT REALTY, LLC
(877) 366-2213
Listed By:
Randall Kain · License #3336688
(352) 360-3836
Added: Jan 6
Changed: Aug 28
Last Checked: Aug 31 at 10:06AM
MLS# G5106202
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 duplex contains 1,008 square feet on a 0.17-acre lot and was built in 1962. Recent improvements include full re-plumbing, updated electrical systems, and ductless mini-split heating and air-conditioning units installed less than a year ago. The shingle roof dates to 2022. Block construction, ceiling fans, storage, and a vinyl-fenced backyard add practical features for residential use. Each unit includes a bathroom and bedroom, while the property also has a range, refrigerator, microwave, washer, and dryer.
The property is in Largo, Florida, with Clearwater Beach and Indian Rocks Beach identified as nearby coastal destinations. Public water and public sewer serve the property, and cable is available. The enclosed shared yard provides outdoor space for household use or entertaining.
The property is in Largo, Florida, with Clearwater Beach and Indian Rocks Beach identified as nearby coastal destinations. Public water and public sewer serve the property, and cable is available. The enclosed shared yard provides outdoor space for household use or entertaining.
Key Highlights
- Duplex with 1,008 square feet on a 0.17‑acre lot
- Full re‑plumbing and updated electrical systems
- Roof installed in 2022
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
$11,766
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
3.46%
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%
$235,320
$235.3K
Cap Rate 7%
$168,086
$168.1K
Cap Rate 9%
$130,733
$130.7K
Market Conditions
NOI Build-Up for 1,008 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
$18.0K $17.88/SF
− Vacancy
−$1.2K −$1.21/SF
EGI
$16.8K $16.67/SF
− OpEx
−$5.0K −$5.00/SF
NOI
$11.8K $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%
$235,320
Cap Rate 7%
$168,086
Cap Rate 9%
$130,733
Alternative Uses
Best Use
Multifamily LT 5
$168.1K
$147.1K – $196.1K
NOI $11,766 @ 7.0% cap · market cap 3.46%
Second Best
Apartment 5plus
$132.4K
$115.9K – $154.5K
NOI $9,271 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,802
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units share an enclosed backyard with public water and sewer service.
Where is this duplex located?
The property is located at 726 STREMMA Road Largo, FL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Duplex with 1,008 square feet on a 0.17‑acre lot; Full re‑plumbing and updated electrical systems; Roof installed in 2022
