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    Duplex with Two Electric Meters Title is generated by Realmo AI

    1193 & 1195 BASS BOULEVARD, Dunedin, FL 34698

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    For Sale
    $675,000

    Duplex - DUNEDIN, FL

    Type:Duplex
    Property size:
    1,927 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $350/SF
    Added:
    Mar 25, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 3 at 8:06 pm

    Property Features for 1193 & 1195 BASS BOULEVARD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Zoning
    RES
    Bedrooms
    6
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Driveway
    Pets allowed
    Cats OK, Dogs OK
    Interior features
    Ceiling Fans(s), Thermostat
    Exterior features
    Paved, Awning(s), Courtyard, Fence, Lighting, Sidewalk
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Refrigerator, Washer
    Standard status
    Active
    APN
    27-28-15-62910-002-0370
    Size
    1,927 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5989

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1954
    Number of units
    2
    Flooring type
    Tile
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Tiffany Spyridakos
    Tiffany Spyridakos

    Listing agent Tiffany Spyridakos License #3307155

    Listing office SMITH & ASSOCIATES REAL ESTATE 14581 Walsingham Road, Tampa, FL

    Listing date Mar 25, 2026

    MLS# TB8491866 Listing URL

    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.

    HighLights

    • Prime Dunedin location: Short distance to downtown shops, restaurants, breweries, and the Intracoastal Waterway.
    • Strong ROI potential: Income‑producing property with a potential 8% Cap Rate when fully rented.
    • Development potential: Zoning allows for expansion up to 4 units (buyer to verify).
    • Remodeled unit: One unit is fully remodeled and ready for top market rent.
    • Non‑flood zone: No flood insurance required, reducing operating costs.
    • Immediate cash flow: Second unit occupied by a long‑term tenant.

    Overview

    This duplex investment offers two distinct living units with a practical management setup: two separate electric meters. One unit is fully remodeled and positioned to attract strong rental demand, while the second unit is occupied by a long-term, established tenant for immediate cash flow. The property also includes a spacious backyard and ample parking for tenants and guests.

    Set in the heart of Dunedin, the location is described as convenient to vibrant downtown shopping, restaurants, local breweries, and the Intracoastal Waterway, with easy access by walk, bike, or golf cart. The listing also notes the property is in a non-flood zone, meaning flood insurance is not required, and it is presented as an increasingly rare cost-management advantage in a coastal market.

    From an ownership perspective, this is well suited for investors seeking steady income and a straightforward path to value through leasing and potential improvements. The zoning is identified as RES and is described as presenting an opportunity for expansion up to four units, subject to buyer verification. Showings are by appointment only, with instructions not to disturb the current tenant.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunedin
    County
    Pinellas
    State
    Florida
    Longitude
    -82.78108
    Latitude
    28.020027

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    FAQs

    What type of property is this?
    Duplex - A cash-flowing duplex featuring separate electric meters and a remodeled unit, offering income-focused investment potential.
    Where is this duplex located?
    The property is located at 1193 & 1195 BASS BOULEVARD Dunedin, FL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Prime Dunedin location: Short distance to downtown shops, restaurants, breweries, and the Intracoastal Waterway.; Strong ROI potential: Income‑producing property with a potential 8% Cap Rate when fully rented.; Development potential: Zoning allows for expansion up to 4 units (buyer to verify).
    (727) 641-9869
    We can help!
    Listing Contact
    Tiffany Spyridakos
    Tiffany Spyridakos
    Real Estate License ID: 3307155
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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