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Fully Occupied Multifamily Investment Opportunity

402 E MAIN STREET, Dundee, FL 33838

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For Sale

$420,000

Multi-Family 5+ - DUNDEE, FL

Property size:

3,352 SF

Lot size:

0.21 Acres

Price / SF:

$125/SF

Listing Contact

Debbie Bradbury

Real Estate License ID: 3231911

HighLights

Fully occupied multifamily property with immediate income.
Strong potential for increased income through renovations and rent adjustments.
Five units, each with a one‑bedroom, one‑bath layout plus a bonus room.
Each unit has its own electric meter (tenants pay electric).
Oversized corner lot with excellent visibility.
Storage area can be converted into a shared laundry facility.

For Sale

$420,000

Multi-Family 5+ - DUNDEE, FL

Property size:

3,352 SF

Lot size:

0.21 Acres

Price / SF:

$125/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Jun 11 at 12:06 am

Property Features for 402 E MAIN STREET

General Information

Property type: Commercial Sale
Property subtype: Other
Zoning: R-1A
Appliances: Refrigerator
Standard status: Active
APN: 27-28-28-836000-014091
Size: 3,352 SF
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Annual Amount: 5889

Utilities

Heating system: Electric (Heating)
Cooling system: Multi Units, Wall/Window Unit(s), Window Unit(s)

Building Details

Year built: 1946
Number of units: 5
Building materials: Block
Roof type: Shingle
Architectural style: Other

We can help!

Listing Contact

Debbie Bradbury

Listing agent Debbie Bradbury License #3231911

Listing office REAL ESTATE BROKERS USA, INC. 2400 Bradbury Road, Lake Wales, FL

Listing date Apr 24, 2026

MLS# P4938541 Listing URL

HighLights

Fully occupied multifamily property with immediate income.
Strong potential for increased income through renovations and rent adjustments.
Five units, each with a one‑bedroom, one‑bath layout plus a bonus room.
Each unit has its own electric meter (tenants pay electric).
Oversized corner lot with excellent visibility.
Storage area can be converted into a shared laundry facility.

Overview

This two-story apartment building, located on an oversized corner lot, presents a multifamily investment opportunity. The property features five units, each equipped with its own electric meter. Each unit includes a one-bedroom, one-bath layout, along with a bonus room that could serve as a second bedroom, a kitchen, and a living area. Window A/C units are installed in each unit. Tenants are responsible for their own electric bills, while rent includes water and trash services. The property utilizes city water and has a septic system approximately 10 years old. The current gross annual income is $51,000. There is a storage area that could be converted into a shared laundry facility. The property is zoned R-1A and is situated on a 0.21-acre lot. The building has a total area of 3,352 square feet. The property offers potential for increased returns through renovations and rent adjustments. It is located in Dundee, FL, with visibility and proximity to Downtown Dundee.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.5k	$18.36
− Vacancy	−$3.8k	−$1.14
EGI	$57.7k	$17.22
− OpEx	−$26.0k	−$7.75
NOI	$31.7k	$9.47

3,352 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$453.6K

$396.9K – $529.2K (±1% cap)

NOI $31,750 @ 7.0% cap · market cap 7.56%

Second Best

—

no second resolved use

Theoretical Best

Office A

$805.5K

$704.8K – $939.8K (±1% cap)

NOI $56,386 @ 7.0% cap · market cap 13.43%

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

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Location Insight

Map
Local Demand

City: Dundee
County: Polk
State: Florida
Longitude: -81.615304
Latitude: 28.022096

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For sale
Apartment buildings
FL
Dundee
33838
402 E MAIN STREET

What type of property is this?

Apartment building - Two-story apartment building with five units on oversized corner lot.

Where is this apartment building located?

The property is located at 402 E MAIN STREET Dundee, FL.

What is the asking price?

The asking price for this property is $420,000.

What are key features of this property?

This property features: Fully occupied multifamily property with immediate income.; Strong potential for increased income through renovations and rent adjustments.; Five units, each with a one‑bedroom, one‑bath layout plus a bonus room.

402 E MAIN STREET, Dundee, FL 33838

Multi-Family 5+ - DUNDEE, FL

Property Features for 402 E MAIN STREET

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Multi-Family Investment Opportunity in Dundee

Versatile Mixed-Use Building in Dundee

Established Childcare Investment Opportunity

Six-Unit Residential Income Property

Income-Producing Multifamily Property on Acreage

MARATHON/CIRCLE K

Multifamily Investment Opportunity in Dundee

Mixed-Use Duplex on Dundee Road

Dundee Auto Sales & Repair

Dundee Warehouse Space For Sale

OYO Hotel on Highway 27

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