1705 N Jefferson Ave · Largo, FL 33770

$374,003

5 bd · 2.0 ba · 1,703 sqft · MultiFamily public records · 69 Days on market

Built 1958 10,799 sqft lot Est $460k · 19% under ↓ 11% since listing

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.1/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

* * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

Key facts

• 0.25 acre lot
• 2 parking spots
• Built 1958

Property features AI

Finance

• Other: Lot is approximately 1/4 to less than 1/2 acre; Asphalt public-maintained road; Zoning compatible; Additional structures on lot
• Financial info: No lease restrictions; No home warranty
• HOA & community: No HOA association

Exterior

• Parking: Carport with 2 spaces; Driveway located behind the unit (one street over)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Broadband/high-speed internet available; Irrigation equipment
• Home design: Single-family residence; One story; Faces east; Homestead exempt status
• Construction: Block and stucco construction; Shingle roof; Block foundation; Built as a fixer
• Exterior features: Storage (exterior); Shed(s)

Interior

• Kitchen: Built-in oven; Cooktop
• Bedrooms: 5 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Ductless heating; Central air conditioning; Wall/window AC unit(s)
• Interior features: Ceiling fans; Eat-in kitchen; Storage (interior)
• Laundry & utility: Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath multifamily listed at $374k.

Deal economics

• At list price, monthly cash flow is $123 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $320k (14.5% below list).
• Recommended offer: $320k (14.5% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.2% in Largo — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 82/100 on livability (#82 in FL, #1,240 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Ponce De Leon Elementary School (math 43% / reading 43%, grade F, #1,366 of 2,144 statewide, top 64%, 568 students, 79% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL) — zoned schools average 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents falling (-3.5%/yr); 219 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,196/mo this rent would consume 64% of the median local household income ($60k/yr) (locally 1404% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $73k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $319,602 (14.5% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.41%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $459,810
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
522 Rosery Rd NW	0.53mi	5/4.0	1,788 (+5%)	0mo	$475,000	$266	59
733 New York St	0.48mi	5/3.0	1,479 (-13%)	15mo	$400,000	$270	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.3%
• Equity multiple: 0.41×
• Total profit: $-62,202
• Equity at exit: $55,765

10-year hold

• IRR: -15.6%
• Equity multiple: 0.23×
• Total profit: $-80,536
• Equity at exit: $32,337

Cash invested: $104,721 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33770

• Rents YoY: -3.5%
• Active inventory: 219
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $3,196 high
• Mortgage (P&I): −$1,961
• Tax from tax record: −$285 /mo · $3,417/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$671
• Net cashflow: $123

Break-even live

Break-even rent $3,040

Max offer price $374,003

Occupancy floor 91%

Sensitivity live

Price	-10% $335	-5% $229	+0% $123	+5% $17	+10% $-89
Rent	-10% $-130	-5% $-3	+0% $123	+5% $249	+10% $375
Rate	-1.0pp $311	-0.5pp $218	base $123	+0.5pp $26	+1.0pp $-73

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $93,501
• Closing costs: $11,220
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1354 Chesterfield Dr Unit 1039504P Clearwater, FL	4.0	2.0	1840	$6,710	$3.65	3d	1	0.34mi
1342 Belleair Rd Clearwater, FL	4.0	2.0	1695	$2,845	$1.68	21d	1	0.57mi
1588 Eunice Ln Clearwater, FL	4.0	2.0	1780	$2,731	$1.53	9d	1	0.68mi
1429 S Evergreen Ave Clearwater, FL	4.0	2.0	1782	$2,781	$1.56	5d	1	0.91mi
1596 Idle Dr NE Unit 1379462P Clearwater, FL	4.0	2.0	1776	$5,225	$2.94	4d	1	0.95mi
802 Embassy Rd Largo, FL	4.0	2.0	2225	$3,499	$1.57	5d	1	1.27mi
897 Imperial Dr Unit 1244950P Largo, FL	4.0	3.0	1646	$6,372	$3.87	4d	1	1.39mi

Listing history 18 events

1. 2026-06-18
   days on market $374,003 Active 69 DOM
2. 2026-06-17
   days on market $374,003 Active 68 DOM
3. 2026-06-16
   days on market $374,003 Active 67 DOM
4. 2026-06-15
   days on market $374,003 Active 66 DOM
5. 2026-06-13
   days on market $374,003 Active 64 DOM
6. 2026-06-09
   days on market $374,003 Active 60 DOM
7. 2026-06-08
   days on market $374,003 Active 59 DOM
8. 2026-06-07
   days on market $374,003 Active 58 DOM
9. 2026-06-04
   days on market $374,003 Active 55 DOM
10. 2026-06-03
    days on market $374,003 Active 54 DOM
11. 2026-06-01
    days on market $374,003 Active 52 DOM
12. 2026-05-31
    days on market $374,003 Active 51 DOM
13. 2026-05-14
    price $399,007

    Show marketing remark (549 chars)

    * * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

14. 2026-05-14
    price $399,007 549-char remark

    Show marketing remark (549 chars)

    * * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

15. 2026-04-24
    price $427,001 549-char remark

    Show marketing remark (549 chars)

    * * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

16. 2026-04-24
    price $427,001

    Show marketing remark (549 chars)

    * * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

17. 2026-04-13
    listed $447,004 Active 549-char remark

    Show marketing remark (549 chars)

    * * TRIPLEX/INCOME PRODUCING PROPERTY * * Two-2 bedroom/1 bath units with detached Efficiency/MIL apartment is conveniently located close to public transportation as well as local tourist attractions! Walmart, Target, Publix, Aldis, St Pete College, Eckerd College, Tyrone Mall, Bay Pines VA, Morton Plant Hospital, and GULF COAST BEACHES! just to name a few. Buyer should verify short term rental rules with the City of Largo. Duplex portion occupied by family, no rental info available. Rents are estimates buyer should verify independently.

18. 2026-04-10
    listed $447,004 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,417 · $285/mo
• Projected year-2 tax: $3,417 · $285/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,352
• − Mortgage interest: −$20,950
• − Property taxes: −$3,417
• − Insurance: −$1,870
• − Repairs & maintenance: −$3,068
• − Management: −$3,068
• − Depreciation: −$10,880
• Taxable loss: −$4,901
• Est. tax savings @ 24.0%: +$1,176
• After-tax cash flow: $2,652/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Largo

• Score: 82/100
• State rank: #82
• US rank: #1240

Category grades

Amenities F Commute A+ Cost of living A+ Crime C Employment D+ Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, FL
• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-10.7% since first listed

6 events — show timeline

• 2026-05-14 Price Changed $399,007 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Price Changed $399,007 Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Price Changed $427,001 Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Price Changed $427,001 Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $447,004 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Listed $447,004 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $3,417 · +12.9% YoY. Source: county tax records.