#TB8401799, Jason White, Listing office: LPT REALTY, LLC
Property details
About 1142 7th St NW
This is a rare investment opportunity featuring two adjacent parcels, each with its own rental home, offering both immediate income potential and long-term upside. This property is being sold as is and must be purchased with the adjacent parcel, 1144 7th St NW, Largo, FL 33770, Parcel ID 27-29-15-71856-000-0901 for a combined price of $420000. Situated in a prime location near Downtown Largo, major hospitals, and just 5 miles from Clearwater Beach, these properties are ideally positioned to attract a strong tenant base year-round. Each home features a functional and appealing layout—this home offers an open-concept living space with a front bedroom that includes an en suite bath and walk-in closet, while a second bedroom past the kitchen boasts its own large en suite bathroom with a washer and dryer. Tenants will appreciate the private rear sitting area and spacious shared backyard, enhancing both livability and rental value. Additionally, the roof was recently replaced in 2022. 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, making them ideal candidates for future mixed-use or multi-family development, subject to city approvals. Whether you're looking to expand your rental portfolio or explore redevelopment possibilities, this property offers a unique combination of flexibility, location, and income-producing potential. Being sold AS IS, this turnkey opportunity is ready for your vision—capitalize on the current rental cash flow while planning for future growth in one of the region’s most strategically evolving corridors.
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Flooring Type: Ceramic Tile, Laminate
- Interior: Ceiling Fans(s), Open Floorplan, Solid Surface Counters, Walk-In Closet(s)
- Total Bedroom Count: 2
- Private Pool: No
- Parking: Off Street
- Exterior: Lighting
- Heating: Ductless
- Cooling: Wall/Window Unit(s)
- List Price: $210,000
- Price/SqFt: $350
- HOA Amount: $0
- Annual Tax Amount: $1,300
- Tax Year: 2023
- Lot: City Lot, Irregular Lot, Near Public Transit, Paved
- 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-688 W/Ulmerton Rd. Take FL-686 W to 7th St NW in Largo
- Year Built: 1953
- Stories: 1
- Living Area: 600 SqFt
- Lot Size: 0.07 Acres
- MLS Number: TB8385303
- MLS Name: MFRMLS
- Office Name: KELLER WILLIAMS REALTY PORTFOLIO COLLECTION
- Office Phone: (727) 489-0800
- Listing Agent: Chase Walseth
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Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 02, 2022 | Home Sold | $231,000 |
Feb 26, 2015 | Home Sold | $110,000 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2023 | $68,784 | $1,300 |
2022 | $55,746 | $905 |
2021 | $54,967 | $905 |
2020 | $36,281 | $891 |
2019 | $36,109 | $737 |
2018 | $38,527 | $797 |
2017 | $43,094 | $827 |
History based on county public records data.
Nearby schools
8
Ponce de Leon Elementary
Public District PK-5
0.8 mi
•1301 Ponce De Leon Blvd
6
Mildred Helms Elementary
Public Magnet PK-5
1.0 mi
•561 Clearwater Largo Rd S
5
Belleair Elementary
Public District PK-5
1.7 mi
•1156 Lakeview Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,349. Typical income of Largo, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
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Frequently asked questions
About 1142 7th St NW
The listing price of 1142 7th St NW property is $210,000.
The property 1142 7th St NW is a house located in Largo, Florida, 33770.
Active Listing: 1142 7th St NW is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1142 7th St NW are: Ponce de Leon Elementary (GreatSchools Rating 8/10), Mildred Helms Elementary (GreatSchools Rating 6/10), Belleair Elementary (GreatSchools Rating 5/10), Pinellas Academy of Math and Science (GreatSchools Rating 4/10), Largo Middle School (GreatSchools Rating 4/10), Plato Seminole (GreatSchools Rating 5/10), Largo High School (GreatSchools Rating 5/10), Dropout Prevention School (GreatSchools Rating 2/10), Pinellas Gulf Coast Academy (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $1,300 (source: MLS/based on county public records data).
The last sale was on December 2, 2022 for $231,000 (source: MLS/tax record).
The property at 1142 7th St NW has 2 bedrooms and 2 bathrooms.
The property 1142 7th St NW is 600 SqFt (source: MLS/tax record).
The year of construction for 1142 7th St NW is 1953.
This home is located at 1142 7th St NW in Largo, FL and zip code 33770 in the Archwood - South Haven neighborhood. This 600 square foot home, which was built in 1953, sits on a 0.07 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $210,000.
In June 2025, from all listings sold in Largo, FL there were more than 9 sold above asking price, over 106 sold below and more than 18 were sold right at the asked price. The number of listings in Largo, FL increased by 3.2% between May and June 2025. In June 2025 median list price was $379,900 and the average listing age was 70 days.