$420,000
1144 and 1142 7th Street NW Largo, FL 33770
For Sale MLS# TB8400301
5 beds 3 baths 1,188 sq ft Multi-family
Details for 1144 and 1142 7th Street NW
MLS# TB8400301
Description for 1144 and 1142 7th Street NW, Largo, FL, 33770
This rare investment opportunity features two adjacent parcels, each with its own rental home, offering immediate income potential along with long-term development upside. Located in a prime area near Downtown Largo, major hospitals, and just five miles from Clearwater Beach, the properties are ideally situated to attract a strong, year-round tenant base. Each home has a functional and appealing layout. The first home offers an open-concept living space with a front bedroom that includes an en suite bath and walk-in closet. A second bedroom, located past the kitchen, boasts its own spacious en suite bathroom along with a washer and dryer. Tenants will also enjoy a private rear sitting area and access to a large shared backyard, enhancing both comfort and rental value. The second home features a 3-bedroom, 1-bathroom layout with a split floor plan that maximizes privacy. The open living room flows seamlessly into the rest of the home, and the large bathroom includes a built-in shower and dual-line closets for ample storage. The rear bedroom provides private access to a fenced backyard with a storage shed, and a covered side sitting area adds charm and additional outdoor living space. Both homes have had their roofs recently replaced—one in 2021 and the other in 2022—offering added peace of mind for investors. These parcels are located within the Clearwater-Largo Road (CRD) Community Redevelopment District and fall under the Future Land Use designations outlined in Table 6-2 of the Largo Municode Library. This zoning makes them strong candidates for future mixed-use or multi-family development, subject to city approval. Whether you're seeking to expand your rental portfolio or pursue a redevelopment project, this property offers a rare combination of flexibility, location, and income-producing potential. Being sold AS IS, this turnkey investment allows you to capitalize on current cash flow while planning for future growth in one of the region’s most strategically evolving corridors.
Listing Information
Property Type: Residential, Duplex
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.16 Acres
Square Feet: 1,188 sq ft
Year Built: 1952
Construction: Stucco,Vinyl Siding,Wood Frame
Subdivision: Placid Lake Sub
Foundation: Pillar/Post/Pier,Slab
Number Of Units Total: 2
County: Pinellas
School Information
Elementary: Mildred Helms Elementary-Pn
Middle: Largo Middle-Pn
High: Largo High-Pn
Additonal Room Information
Laundry: Washer Hookup, Electric Dryer Hookup, Laundry Closet
Interior Features
Appliances: Electric Water Heater, Range Hood, Dryer, Range, Refrigerator, Washer
Additional Interior Features: Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Ceiling Fan(s), Walk-In Closet(s)
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available,Electricity Connected,High Speed Internet Available,Municipal Utilities,Sewer Connected,Water Connected
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Heating: Wall Furnace, Window Unit
Exterior / Lot Features
Parking Description: Off Street
Roof: Built-Up, Shingle
Lot Dimensions: 36x121
Additional Exterior/Lot Features: Fence, Storage, Near Public Transit, City Lot, Outside City Limits
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 2100
Unit 1 Baths Total: 1
Unit 1 Beds Total: 3
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1900
Unit 2 Baths Total: 2
Unit 2 Beds Total: 2
Driving Directions
Take I-4 W and I-275 S to FL-688 W/Ulmerton Rd in Saint Petersburg. Take exit 31 from I-275 S Continue on FL-688W/Ulmerton Rd. Take FL-686 W to 7th St NW in Largo
Financial Considerations
Terms: Cash
Gross Income: 48000
Tax/Property ID: 27-29-15-71856-000-0901
Tax Amount: 1904
Tax Year: 2024
A broker reciprocity listing courtesy: KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1144 and 1142 7th Street NW
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1144 and 1142 7th Street NW
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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