3-Unit Triplex with Laundry
New
For Sale
$729,000
3052 PARK LN, Dunedin, FL 34698
Each residence has its own electric meter and central air-conditioning system, with all three sharing a water inlet.
Property Size2,542 SF
Lot Size0.19 Acres
Days on Market7
Property Features for 3052 PARK LN
General Information
Standard status
Active
Size
2,542 SF
Lot size
0.19 Acres
Property subtype
Triplex
Zoning
R-4
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$4,682
Amenities
front porch
rear porch
patio
landscaped grounds
in-unit laundry hookups
Building Details
Building Size
2,542 SF
Year Built
1973
Buildings
1
Construction
concrete block and stucco
Listing Agency:
HOMECOIN.COM
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Judibeck
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 8:57AM
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
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Investment Insights
Based on property information with market context.
Built in 1973, this 2,542-square-foot triplex contains three two-bedroom, one-bath residences on a 0.19-acre parcel. Each unit has a separate electric meter, its own central AC system, and in-unit laundry hookups; the three units share one water inlet. Construction includes concrete block and stucco over a slab foundation, and the shingle roof was replaced in 2020. The property is in flood zone X and is zoned R-4 residential.
Interior features include open living and dining areas, ceramic tile floors, solid wood cabinets, solid surface counters, and a range, refrigerator, dishwasher, disposal, and microwave. Outdoor areas include front and rear porches, a patio, and landscaped grounds. A large driveway provides assigned off-street parking for the units, with additional space for guests.
The property is in Dunedin, near downtown shops, breweries, and restaurants, the Pinellas Trail, and Gulf beaches. St. Pete-Clearwater International Airport and Tampa International Airport are also accessible by car.
Interior features include open living and dining areas, ceramic tile floors, solid wood cabinets, solid surface counters, and a range, refrigerator, dishwasher, disposal, and microwave. Outdoor areas include front and rear porches, a patio, and landscaped grounds. A large driveway provides assigned off-street parking for the units, with additional space for guests.
The property is in Dunedin, near downtown shops, breweries, and restaurants, the Pinellas Trail, and Gulf beaches. St. Pete-Clearwater International Airport and Tampa International Airport are also accessible by car.
Key Highlights
- Three 2‑bedroom, 1‑bath units in 2,542 square feet
- 0.19‑acre lot; R‑4 residential zoning; flood zone X
- Individual electric meters and central AC systems; shared water inlet
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.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence has its own electric meter and central air-conditioning system, with all three sharing a water inlet.
Where is this triplex located?
The property is located at 3052 PARK LN 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 in 2,542 square feet; 0.19‑acre lot; R‑4 residential zoning; flood zone X; Individual electric meters and central AC systems; shared water inlet
