Duplex With Separate Electric
For Sale
$675,000
1193 & 1195 BASS Boulevard, Dunedin, FL 34698
Residential Income, DUNEDIN, FL
Property Size1,927 SF
Lot Size0.20 Acres
Price / SF$350.29
Days on Market162
Property Features for 1193 & 1195 BASS Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
RES
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features
Driveway
Window features
Blinds
Patio and Porch features
Porch
Pets allowed
Dogs OK, Cats OK
Interior features
Ceiling Fans(s), Thermostat
Exterior features
Awning(s), Courtyard, Fence, Lighting, Sidewalk
Fencing
Fenced
Appliances
Dishwasher, Disposal, Exhaust Fan, Refrigerator
Subdivision
OAKLAND SUB 2
Lot features
City Limits, In County, Sidewalk, Paved
Elementary school
San Jose Elementary-PN
Middle school
Dunedin Highland Middle-PN
High school
Dunedin High-PN
Directions
Main Street West, Right on Bass Blvd
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 Description
OAKLAND SUB NO. 2 BLK B, LOTS 37,38 AND 39
Tax Annual Amount
5989
Legal Description
OAKLAND SUB NO. 2 BLK B, LOTS 37,38 AND 39
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
SMITH & ASSOCIATES REAL ESTATE
(727) 282-1788
Listed By:
Tiffany Spyridakos · License #3307155
(727) 641-9869
Added: Mar 25
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# TB8491866
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 1,927-square-foot duplex on a 0.2-acre parcel was built in 1954 and is zoned RES. The property has two separate electric meters, central heating and air conditioning, tile flooring, block and stucco construction, a shingle roof, and public water and sewer. One unit has been remodeled, while the other is occupied by a long-term tenant. A fenced backyard, porch, courtyard, awnings, driveway parking, sidewalk access, and exterior lighting add practical features for residents and visitors.
The property is located in Dunedin, near the community’s downtown shops, restaurants, breweries, waterfront areas, and the Pinellas Trail. It is outside a flood zone, according to the provided property information. Interior features include ceiling fans and thermostats, while appliances include refrigerators, dishwashers, disposals, and exhaust fans. Showings are by appointment, and the current tenant should not be disturbed.
The property is located in Dunedin, near the community’s downtown shops, restaurants, breweries, waterfront areas, and the Pinellas Trail. It is outside a flood zone, according to the provided property information. Interior features include ceiling fans and thermostats, while appliances include refrigerators, dishwashers, disposals, and exhaust fans. Showings are by appointment, and the current tenant should not be disturbed.
Key Highlights
- 1,927 SF duplex on a 0.2‑acre parcel
- Two separate electric meters for the duplex
- One unit remodeled; second unit occupied by a long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$449,860
$449.9K
Cap Rate 7%
$321,329
$321.3K
Cap Rate 9%
$249,922
$249.9K
Market Conditions
NOI Build-Up for 1,927 SF
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.
Gross rent
$34.5K $17.88/SF
− Vacancy
−$2.3K −$1.21/SF
EGI
$32.1K $16.67/SF
− OpEx
−$9.6K −$5.00/SF
NOI
$22.5K $11.67/SF
Area
Pinellas County, FL
Vacancy
6.74%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$449,860
Cap Rate 7%
$321,329
Cap Rate 9%
$249,922
Alternative Uses
Best Use
Multifamily LT 5
$321.3K
$281.2K – $374.9K
NOI $22,493 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$253.2K
$221.5K – $295.4K
NOI $17,723 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$501.2K
$438.6K – $584.8K
NOI $35,086 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 34698, FL
38,010
Population
22,016
Households
1.7
Avg Household Size
56
Median Age
36%
College-Educated
95%
High-School Grad
11.2 sq mi
ZIP Area
3,394
Density / Sq Mi
$67,323
Median Household Income
$44,747
Median Earnings
$1,571
Median Rent
$335,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with one remodeled unit, an occupied second unit, and fenced outdoor space in a coastal Florida community.
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: 1,927 SF duplex on a 0.2‑acre parcel; Two separate electric meters for the duplex; One unit remodeled; second unit occupied by a long‑term tenant
