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Building Details

Year Built 1973

Buildings 1

Construction block

Listing Agency: COASTAL PROPERTIES GROUP INTERNATIONAL Show Phone

Listed By: Gwen Campbell · License #655941 Show Phone

Source: Dennisrealty

Added: Aug 24 Changed: Oct 15 Last Checked: Oct 14 at 11:41PM

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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 COASTAL PROPERTIES GROUP INTERNATIONAL

Investment Insights

Based on property information with market context.

This duplex contains two independent residences totaling 1,846 heated square feet: one three-bedroom, one-bath unit and one two-bedroom, one-bath unit. Tile and luxury vinyl flooring run throughout, while ceiling fans and interior laundry rooms serve both residences. Block construction and a roof installed in February 2026 add to the property’s physical improvements. The grounds include a fully fenced backyard and four or more dedicated parking spaces; there is no garage.

The property is located in Largo’s Whitegates subdivision, near parks, shopping, and dining. Gulf beaches and the broader St. Pete-Clearwater area are also within a short drive, providing access to regional recreation and amenities.

Key Highlights

• Two‑unit layout with 3‑bedroom and 2‑bedroom residences
• 1,846 heated square feet across both units
• New roof installed in February 2026

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,547

Cap Rate

5.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$430,940 $430.9K

Cap Rate 7%

$307,814 $307.8K

Cap Rate 9%

$239,411 $239.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,846 SF

Gross rent

$33.0K $17.88/SF

− Vacancy

−$2.2K −$1.21/SF

EGI

$30.8K $16.67/SF

− OpEx

−$9.2K −$5.00/SF

NOI

$21.5K $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%

$430,940

Cap Rate 7%

$307,814

Cap Rate 9%

$239,411

Alternative Uses

Best Use

Multifamily LT 5

$307.8K

$269.3K – $359.1K (±1% cap)

NOI $21,547 @ 7.0% cap · market cap 5.07%

Second Best

Apartment 5plus

$242.5K

$212.2K – $283.0K (±1% cap)

NOI $16,978 @ 7.0% cap · market cap 3.99%

Theoretical Best

Office A

$480.2K

$420.1K – $560.2K (±1% cap)

NOI $33,611 @ 7.0% cap · market cap 7.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Spa & Massage Center Real Estate Agency Acupuncture Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

568

Businesses Nearby

Explore this area Business Placement

Demographics for 33771, FL

29,766

Population

16,898

Households

1.8

Avg Household Size

54

Median Age

25%

College-Educated

90%

High-School Grad

6.0 sq mi

ZIP Area

4,961

Density / Sq Mi

$60,139

Median Household Income

$40,417

Median Earnings

$1,379

Median Rent

$145,600

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separately configured residences offer flexible occupancy, fenced outdoor space, and dedicated parking.

Where is this duplex located?

The property is located at 906/908 LAKE PALMS DRIVE Largo, FL.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Two‑unit layout with 3‑bedroom and 2‑bedroom residences; 1,846 heated square feet across both units; New roof installed in February 2026