Spacious Dunedin Duplex For
646 NORFOLK STREET, Dunedin, FL 34698
- Added:
- Dec 16, 2025
- Days on Market:
- 153
- Last Refresh:
- May 18 at 12:06 am
Property Features for 646 NORFOLK STREET
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 8
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Driveway, Garage, Garage - Attached
- Interior features
- Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Walk-in Closet(s)
- Exterior features
- Fence, Sliding Doors
- Fencing
- Fenced
- Appliances
- Dishwasher, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 34-28-15-21060-000-1003
- Size
- 4,330 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10396.55
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2008
- Number of units
- 2
- Flooring type
- Carpet, Tile, Tile - Ceramic
- Building materials
- Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Louise Cournoyer License #3018227 (727) 410-5980
Listing office STONEBRIDGE REAL ESTATE CO 33 N Garden Avenue, Suite 120, Clearwater, FL (727) 443-5000
Listing date Dec 16, 2025
MLS# TB8456841
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
- Large duplex with over 2,000 sq ft per unit, ideal for investment or owner‑occupancy.
- Solid concrete construction built in 2008, ensuring durability and low maintenance.
- Each unit features an open, modern floor plan with volume ceilings, granite countertops, and tiled first floor.
- Four large bedrooms per unit, with a primary bedroom including a walk‑in closet and dual sink vanity.
- Well‑maintained property with recent AC (2015 & 2021) and hot water heater (2020 & 2024) replacements.
- Fenced backyard and attached garage for each unit.
Overview
This well-maintained duplex, constructed in 2008, features concrete construction and offers over 2,000 square feet in each unit. Each unit has an open, modern floor plan with volume ceilings and a patio leading to a fenced backyard. The kitchens include wood cabinets and granite countertops. The first floor is tiled throughout and includes a laundry room, half bath, and garage access. A large foyer is present, potentially usable as an office area. The second floor in each unit features four large bedrooms. The primary bedroom includes a walk-in closet and dual sink vanity. The property is currently leased to long-term tenants of 7 years, with rents below market value. The AC units were replaced in 2015 and 2021, and the hot water heaters were replaced in 2020 and 2024. The property is located in Dunedin, Florida, and is suited for investors seeking a low-maintenance, income-producing property in a stable rental market. The lot size is 0.16 acres, and the total property size is 4,330 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$561.6K
NOI $50,542 @ 9.00% cap · cautious / downside scenario
Moderate
$722.0K
NOI $50,542 @ 7.00% cap · market / base-case scenario
Aggressive
$1.01M
NOI $50,542 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.4k | $17.88 |
| − Vacancy | −$5.2k | −$1.21 |
| EGI | $72.2k | $16.67 |
| − OpEx | −$21.7k | −$5.00 |
| NOI | $50.5k | $11.67 |
4,330 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$722.0K
$631.8K – $842.4K
NOI $50,542 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$568.9K
$497.8K – $663.7K
NOI $39,823 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.13M
$985.5K – $1.31M
NOI $78,839 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Dunedin
- County
- Pinellas
- State
- Florida
- Longitude
- -82.782352
- Latitude
- 27.998096
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Large duplex with modern floor plans and long-term tenants.
Where is this duplex located?
The property is located at 646 NORFOLK STREET Dunedin, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Large duplex with over 2,000 sq ft per unit, ideal for investment or owner‑occupancy.; Solid concrete construction built in 2008, ensuring durability and low maintenance.; Each unit features an open, modern floor plan with volume ceilings, granite countertops, and tiled first floor.
