Duplex With Updated
332 ACROPOLIS DR, Dunedin, FL 34698
For Sale
$672,500
Two rental units provide in-unit laundry, updated kitchens, and brand-new AC systems.
Property Size1,990 SF
Days on Market53
Property Features for 332 ACROPOLIS DR
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
DALTON WADE INC
Listed By:
Nina Ibrahimbegovic · License #3303852
(727) 810-7222
Source:
Judibeck
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 8 at 1:44PM
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 DALTON WADE INC
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Investment Insights
Based on property information with market context.
Built in 1972, this duplex contains two long-term rental units with distinct layouts. One side offers 3 bedrooms and 2 bathrooms, while the other includes 2 bedrooms, 1 bathroom, and an additional bonus room. Both residences feature updated kitchens, in-unit laundry, and brand-new AC systems. Professional management and tenants who have remained in place for years support an established operating setup.
The property is located at 332 Acropolis Dr in Dunedin, minutes from downtown Dunedin, the Pinellas Trail, and the Gulf beaches. The two-unit configuration, existing tenancy, and separate residential layouts provide a straightforward multifamily offering in a centrally located setting.
The property is located at 332 Acropolis Dr in Dunedin, minutes from downtown Dunedin, the Pinellas Trail, and the Gulf beaches. The two-unit configuration, existing tenancy, and separate residential layouts provide a straightforward multifamily offering in a centrally located setting.
Key Highlights
- Two‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath residences
- Additional bonus room included with the 2‑bedroom/1‑bath unit
- Updated kitchens and in‑unit laundry in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,228
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,560
$464.6K
Cap Rate 7%
$331,829
$331.8K
Cap Rate 9%
$258,089
$258.1K
Market Conditions
NOI Build-Up for 1,990 SF
Gross rent
$35.6K $17.88/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$33.2K $16.67/SF
− OpEx
−$10.0K −$5.00/SF
NOI
$23.2K $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%
$464,560
Cap Rate 7%
$331,829
Cap Rate 9%
$258,089
Alternative Uses
Best Use
Multifamily LT 5
$331.8K
$290.4K – $387.1K
NOI $23,228 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$308.5K
$270.0K – $360.0K
NOI $21,597 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$517.6K
$452.9K – $603.9K
NOI $36,233 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
939
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
$335,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pinellas County, FL
Properties on Market for Duplexes in Pinellas County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two rental units provide in-unit laundry, updated kitchens, and brand-new AC systems.
Where is this duplex located?
The property is located at 332 ACROPOLIS DR Dunedin, FL.
What is the asking price?
The asking price for this property is $672,500.
What are key features of this property?
This property features: Two‑unit duplex with 3‑bedroom/2‑bath and 2‑bedroom/1‑bath residences; Additional bonus room included with the 2‑bedroom/1‑bath unit; Updated kitchens and in‑unit laundry in both residences
