Turnkey Duplex with Private
536 PATRICIA Avenue Dunedin, FL 34698
536 PATRICIA Avenue, Dunedin, FL, 34698
$649,000
For Sale
$649,000
MULTI_FAMILY - DUNEDIN, FL
Property Size2,388 SF
Lot Size0.16 Acres
Price / SF$271.78
Days on Market14
Property Features for 536 PATRICIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 3, Dining Room, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 2
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Vaulted Ceiling(s)
- Exterior features
- Private Yard, Sidewalk
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Washer
- Standard status
- Active
- APN
- 35-28-15-23418-000-0410
- Size
- 2,388 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DUNEDIN LAKEWOOD ESTATES 1ST ADD LOT 41
- Tax Annual Amount
- 3675
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Vinyl, Laminate
- Building materials
- Block, Stucco
- Roof type
- Membrane
Listing agency
PALM LIFE REALTY
(888) 877-4040
Listed by
Chiyeen Penachio · License #3572692
(727) 686-8281
Added: Jul 9 Updated: Jul 21 at 9:51PM Checked: Jul 22 at 12:06PM
MLS# TB8527596
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.
Investment Insights
Based on property information with market context.
This turnkey duplex offers two separate residences with private entrances and comfortable, well-designed layouts. The front unit includes 3 bedrooms and 1 bath, while the rear unit includes 3 bedrooms and 1.5 baths. Bright, open living spaces feature vaulted ceilings, and one residence has been updated with a modern kitchen including shaker cabinetry, stainless steel appliances, updated countertops, a tile backsplash, and a refreshed bathroom. The second residence is well maintained with durable flooring and spacious living areas, ready for immediate occupancy or continued rental income.
Outside, mature shade trees, private outdoor spaces, separate laundry facilities, and ample off-street parking support everyday convenience. The property is located in a No Flood Zone, which may help reduce insurance concerns. The duplex is currently generating approximately $57,600 in annual gross rental income.
Overall, the configuration provides a practical setup for rental flexibility, with separate living arrangements and laundry for each residence.
Outside, mature shade trees, private outdoor spaces, separate laundry facilities, and ample off-street parking support everyday convenience. The property is located in a No Flood Zone, which may help reduce insurance concerns. The duplex is currently generating approximately $57,600 in annual gross rental income.
Overall, the configuration provides a practical setup for rental flexibility, with separate living arrangements and laundry for each residence.
Key Highlights
- Duplex built in 1960 with approximately 2,400+/- SF total living space and two nearly 1,200 SF residences.
- Front unit: 3 bedrooms and 1 bath; rear unit: 3 bedrooms and 1.5 baths, each with private entrances.
- One residence has updates including a modern kitchen with shaker cabinetry, stainless steel appliances, updated countertops, and tile backsplash.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.7k | $17.88 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $39.8k | $16.67 |
| − OpEx | −$11.9k | −$5.00 |
| NOI | $27.9k | $11.67 |
2,388 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 3-bedroom residences each with private entrances, vaulted ceilings, and separate laundry, positioned in a no-flood zone.
Where is this duplex located?
The property is located at 536 PATRICIA Avenue Dunedin, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex built in 1960 with approximately 2,400+/- SF total living space and two nearly 1,200 SF residences.; Front unit: 3 bedrooms and 1 bath; rear unit: 3 bedrooms and 1.5 baths, each with private entrances.; One residence has updates including a modern kitchen with shaker cabinetry, stainless steel appliances, updated countertops, and tile backsplash.
