Six-Unit Multifamily Property with Screened
153 NEW YORK AVENUE Dunedin, FL 34698
New
For Sale
$1,325,000
Six-unit multifamily with separate metering, screened porches, dedicated parking, and a shared laundry room.
Property Size4,440 SF
Price / SF$298.42
Days on Market5
Property Features for 153 NEW YORK AVENUE
General Information
Standard status
Active
Size
4,440 SF
Property subtype
Quadruplex
Building Details
Year Built
1968
Listing Agency:
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed By:
Lance Willard LLC · License #3384517
Source:
Miharaandassociates
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 29 at 2:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
Six-unit multifamily property built in 1968 featuring three separate block construction buildings, with all units separately metered. The layout includes two 2-bedroom, 2-bath units, two 2-bedroom, 1-bath units, and two 1-bedroom, 1-bath units. Each unit offers a large screened-in porch for additional outdoor living space.
On-site parking is set up to match the unit mix, with private carports for the 2-bedroom, 2-bath units and dedicated parking pads for the remaining units. A shared community laundry room provides convenience for residents.
The property is currently fully occupied. Existing updates include cosmetic renovations completed within the last year. Located at 153 New York Avenue in Dunedin, Florida, the property is described as being in a high and dry location with no flooding during the seller’s ownership.
On-site parking is set up to match the unit mix, with private carports for the 2-bedroom, 2-bath units and dedicated parking pads for the remaining units. A shared community laundry room provides convenience for residents.
The property is currently fully occupied. Existing updates include cosmetic renovations completed within the last year. Located at 153 New York Avenue in Dunedin, Florida, the property is described as being in a high and dry location with no flooding during the seller’s ownership.
Key Highlights
- Three separate block construction buildings with all units separately metered
- Current tenant occupancy: property is fully occupied
- Unit mix: two 2‑bedroom, 2‑bath; two 2‑bedroom, 1‑bath; two 1‑bedroom, 1‑bath
Financial Insights For Apartment 5plus
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 | $79.9k | $18.00 |
| − Vacancy | −$5.7k | −$1.28 |
| EGI | $74.2k | $16.72 |
| − OpEx | −$33.4k | −$7.52 |
| NOI | $40.8k | $9.20 |
4,440 SF · lease $18.00/SF/yr · vacancy 7.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$583.4K
$510.4K – $680.6K
NOI $40,835 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,842 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit multifamily with separate metering, screened porches, dedicated parking, and a shared laundry room.
Where is this apartment building located?
The property is located at 153 NEW YORK AVENUE Dunedin, FL.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Three separate block construction buildings with all units separately metered; Current tenant occupancy: property is fully occupied; Unit mix: two 2‑bedroom, 2‑bath; two 2‑bedroom, 1‑bath; two 1‑bedroom, 1‑bath
