Turnkey Duplex with Private
536 PATRICIA Avenue Dunedin, FL 34698
536 PATRICIA Avenue, Dunedin, FL, 34698
$649,000
For Sale
$649,000
MULTI_FAMILY - DUNEDIN, FL
Property Size2,388 SF
Lot Size0.16 Acres
Price / SF$271.78
Days on Market13
Property Features for 536 PATRICIA Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bathrooms
- 161
- Rooms
- Dining Room
- Interior features
- Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Thermostat, Vaulted Ceiling(s)
- Exterior features
- Private Yard, Sidewalk
- Appliances
- Dishwasher, Disposal, Dryer, Microwave, Range, Range Hood, Washer
- Standard status
- Active
- APN
- 35-28-15-23418-000-0410
- Size
- 2,388 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- DUNEDIN LAKEWOOD ESTATES 1ST ADD LOT 41
- Tax Annual Amount
- 3675
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Laminate, Vinyl
- Building materials
- Block, Stucco
- Roof type
- Membrane
Listing agency
PALM LIFE REALTY
(888) 877-4040
Listed by
Chiyeen Penachio · License #3572692
(727) 686-8281
Added: Jul 9 Updated: Jul 20 at 9:02PM Checked: Jul 21 at 4:06PM
MLS# TB8527596
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.
Turnkey duplex in Dunedin offering two separate residences with private entrances and comfortable, well-designed layouts. Both units feature bright living spaces supported by vaulted ceilings. The front residence includes 3 bedrooms and 1 bathroom, while the rear residence offers 3 bedrooms and 1.5 bathrooms.
One unit has been updated with a modern kitchen that includes shaker cabinetry, stainless steel appliances, updated countertops, and a tile backsplash, along with a redesigned bathroom. The second residence presents a well-maintained interior with durable flooring and generous living spaces. Additional features include separate laundry facilities, private outdoor spaces, mature shade trees, and ample off-street parking with exterior updates.
The property is listed as being in a No Flood Zone. It is currently generating approximately $58,800 in annual gross rental income and is offered for sale at 536 Patricia Avenue, Dunedin, FL 34698. The remarks also describe proximity to neighborhood dining and shopping, Downtown Dunedin, and nearby recreational destinations including the Pinellas Trail and Dunedin Marina.
One unit has been updated with a modern kitchen that includes shaker cabinetry, stainless steel appliances, updated countertops, and a tile backsplash, along with a redesigned bathroom. The second residence presents a well-maintained interior with durable flooring and generous living spaces. Additional features include separate laundry facilities, private outdoor spaces, mature shade trees, and ample off-street parking with exterior updates.
The property is listed as being in a No Flood Zone. It is currently generating approximately $58,800 in annual gross rental income and is offered for sale at 536 Patricia Avenue, Dunedin, FL 34698. The remarks also describe proximity to neighborhood dining and shopping, Downtown Dunedin, and nearby recreational destinations including the Pinellas Trail and Dunedin Marina.
Key Highlights
- Duplex built in 1960 with approximately 2,400+/- SF total living space and two nearly 1,200 SF residences.
- Front unit: 3 bedrooms and 1 bath; rear unit: 3 bedrooms and 1.5 baths, each with private entrances.
- One residence has updates including a modern kitchen with shaker cabinetry, stainless steel appliances, updated countertops, and tile backsplash.
Local Financial Insights For Multifamily LT 5
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 | $42.7k | $17.88 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $39.8k | $16.67 |
| − OpEx | −$11.9k | −$5.00 |
| NOI | $27.9k | $11.67 |
2,388 SF · lease $17.88/SF/yr · vacancy 6.74% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$398.2K
$348.4K – $464.6K
NOI $27,874 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$313.8K
$274.5K – $366.1K
NOI $21,963 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$621.1K
$543.5K – $724.7K
NOI $43,480 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Turnkey duplex offering two residences with private entrances, including one recently updated interior and bathrooms.
Where is this duplex located?
The property is located at 536 PATRICIA Avenue Dunedin, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Duplex built in 1960 with approximately 2,400+/- SF total living space and two nearly 1,200 SF residences.; Front unit: 3 bedrooms and 1 bath; rear unit: 3 bedrooms and 1.5 baths, each with private entrances.; One residence has updates including a modern kitchen with shaker cabinetry, stainless steel appliances, updated countertops, and tile backsplash.
