Dunedin Three-Unit
New
For Sale
$729,000
3052 PARK, Dunedin, FL 34698
Separate electric meters and central AC systems support independent operation across the residences.
Property Size2,542 SF
Lot Size0.19 Acres
Days on Market2
Property Features for 3052 PARK
General Information
Standard status
Active
Size
2,542 SF
Lot size
0.19 Acres
Property subtype
Investment
Zoning
R-4
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$4,682
Amenities
in-unit laundry hookups
central AC
private porches
patio
landscaped grounds
Building Details
Building Size
2,542 SF
Year Built
1973
Construction
concrete block
Listing Agency:
homecoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:19PM
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 homecoin.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Dunedin triplex contains three 2-bedroom, 1-bath units on a 0.19-acre lot. Each residence has its own electric meter and central AC system, plus in-unit laundry hookups; the units share one water inlet. The building is concrete block and stucco on a slab foundation, with a shingle roof replaced in 2020. Interior features include open living and dining areas, ceramic tile flooring, wood cabinets, solid surface counters, and a range, refrigerator, dishwasher, disposal, and microwave. Front and rear porches, a patio, landscaped grounds, and driveway parking provide outdoor and vehicle space. The property was built in 1973 and is zoned R-4 residential.
The property is in Dunedin, minutes from downtown shops, breweries, and restaurants, the Pinellas Trail, and Gulf beaches. St. Pete-Clearwater International Airport and Tampa International Airport are accessible by car.
The property is in Dunedin, minutes from downtown shops, breweries, and restaurants, the Pinellas Trail, and Gulf beaches. St. Pete-Clearwater International Airport and Tampa International Airport are accessible by car.
Key Highlights
- Three 2‑bedroom, 1‑bath units on a 0.19‑acre lot
- Individual electric meters and central AC systems; shared water inlet
- Shingle roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,671
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,420
$593.4K
Cap Rate 7%
$423,871
$423.9K
Cap Rate 9%
$329,678
$329.7K
Market Conditions
NOI Build-Up for 2,542 SF
Gross rent
$45.5K $17.88/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$42.4K $16.67/SF
− OpEx
−$12.7K −$5.00/SF
NOI
$29.7K $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 Rate 5%
$593,420
Cap Rate 7%
$423,871
Cap Rate 9%
$329,678
Alternative Uses
Best Use
Multifamily LT 5
$423.9K
$370.9K – $494.5K
NOI $29,671 @ 7.0% cap · market cap 4.07%
Second Best
Apartment 5plus
$334.0K
$292.2K – $389.7K
NOI $23,379 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$661.2K
$578.6K – $771.4K
NOI $46,284 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,362
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
Frequently Asked Questions
What type of property is this?
Triplex - Separate electric meters and central AC systems support independent operation across the residences.
Where is this triplex located?
The property is located at 3052 PARK Dunedin, FL.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units on a 0.19‑acre lot; Individual electric meters and central AC systems; shared water inlet; Shingle roof replaced in 2020
